Türkiye’s exports to Saudi Arabia have surged to virtually $800 million through the January-April interval, showcasing the optimistic outcomes of the normalized relations between the 2 international locations.
Primarily based on information by the Turkish Exporters Meeting (TIM), Türkiye’s exports to Saudi Arabia have witnessed a development of over 600% within the January-April interval, reaching a complete worth of $780.5 million.
Comparatively, throughout the identical interval final yr, exports to Saudi Arabia stood at $107.4 million, highlighting the numerous surge in commerce between the 2 nations.
Saudi Arabia, accounting for about 1% of Türkiye’s complete exports within the four-month interval, ranked because the twenty second high export vacation spot for Türkiye throughout this era.
When it comes to Türkiye’s main export locations from January to April, Germany secured the highest spot with exports totaling $6.279 billion, adopted by the U.S. with $3.863 billion, Italy with $3.753 billion, the UK with $3.632 billion, Spain with $3.248 billion, France with $2.242 billion, Russia with $3.203 billion, Iraq with $2.777 billion, the Netherlands with $2.179 billion and Romania with $1.876 billion.
Throughout this era, the 2 international locations wherein Türkiye elevated its international gross sales probably the most when it comes to worth have been Russia with $1.7 billion and Saudi Arabia with $673.9 million.
These international locations have been adopted by France with $418.8 million, Ukraine with $398.6 million, Switzerland with $263.4 million, Kazakhstan with $251.9 million, United Arab Emirates with $229.3, Belarus with $192.7 million, Slovenia with $181.5 and Georgia with $141.2 million.
In the meantime, the carpet sector emerged as a number one trade in Turkish exports to Saudi Arabia through the specified interval.
Between January and April, the carpet trade exported a complete of $109.4 million to the nation, demonstrating its prominence in commerce.
Following the carpet trade, different notable sectors when it comes to export worth to Saudi Arabia have been cereals, pulses, oilseeds, and associated merchandise, which accounted for $81.2 million.
The chemical trade and its merchandise adopted intently with $77.9 million, whereas ready-made clothes and attire reached $66.8 million. The electrical energy and electronics sector additionally made a major contribution with exports totaling $56.6 million.
When inspecting the regional distribution of exports, Istanbul led the best way with $336.2 million, adopted by southeastern Gaziantep province with $120.8 million.
Ankara recorded $48.4 million, southern Hatay $44.7 million, and northwestern Bursa recorded $28.5 million in international gross sales throughout this era.