Business

Turkiye’s exports to Saudi Arabia reached $800 million in 4 months

Turkiye’s exports to Saudi Arabia increased by more than 600% in the January-April period and reached $800 million. Carpet industry made the most exports.

With the normalization of relations between Turkiye and Saudi Arabia, effective results continue to be obtained in exports to Saudi Arabia.

According to the information compiled from the data of the Turkish Exporters Assembly (TIM), Turkiye’s exports to Saudi Arabia increased by more than 600% in the January-April period and reached $780 million 512 thousand.

In the same period of last year, exports to Saudi Arabia amounted to $107 million 419 thousand.

Reaching approximately 1% of Turkiye’s total exports in 4 months of the year, Saudi Arabia was recorded as the 22nd country to which Turkiye exported the most during this period.

The countries to which Turkiye exports the most in the January-April period were Germany with $6 billion 279 million, the USA with $3 billion 863 million, Italy with $3 billion 753 million and the United Kingdom with $3 billion 632 million, Spain with $3 billion 248 million, France with $3 billion 242 million, Russian Federation with $3 billion 203 million, Iraq with $2 billion 777 million, the Netherlands with $2 billion 179 million, Romania with $1 billion 876 million.

Saudi Arabia ranked second in export growth

During this period, the two countries in which Turkiye increased its foreign sales the most in terms of value were the Russian Federation with $1 billion 748 million and Saudi Arabia with $673 million 92 thousand.

These countries were followed by France with $418 million 803 thousand, Ukraine with $398 million 600 thousand, Switzerland with $263 million 488 thousand, and Kazakhstan with $251 million 908 thousand, United Arab Emirates with $229 million 341 thousand, Belarus with $192 million 787 thousand, Slovenia with $181 million 541 thousand and Georgia with $141 million 201 thousand followed.

Carpet industry exported the most to Saudi Arabia

When looked at on a sectoral basis, the carpet sector came to the fore in exports to Saudi Arabia.

In the January-April period, the carpet industry exported $109 million 473 thousand to the country.

The carpet industry was followed by cereals, pulses, oilseeds and products with $81 million 253 thousand, chemicals and products with $77 million 903 thousand, ready-made clothing and apparel with $66 million 854 thousand, and electricity and electronics with $56 million 677 thousand.

During this period, foreign sales amounting to $336 million 218 thousand from Istanbul, $120 million 807 thousand from Gaziantep, $48 million 402 thousand from Ankara, $44 million 701 thousand from Hatay, $28 million 552 thousand from Bursa were made to Saudi Arabia.

Source: Trthaber / Prepared by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button