10,319.96 TRY BIST 100 BIST 100
34.99 EUR EUR EUR
32.25 USD USD USD
4.49 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
117.33 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

27 billion dollars worth of exports to the Middle East

The high demand for Turkish products continued with the steps taken in the field of mutual trade and investment with the countries in the region.

27 billion dollars worth of exports to the Middle East

According to the data of the Turkish Exporters Assembly (TIM), exports to the Middle East and Gulf countries consisting of Bahrain, United Arab Emirates (UAE), Palestine, Iraq, Iran, Israel, Qatar, Kuwait, TRNC, Lebanon, Syria, Saudi Arabia, Oman, Jordan and Yemen amounted to 26.7 billion dollars in 10 months of the year.

In the January-October period, the highest exports within the Middle East and Gulf countries were realized to Iraq with 7.7 billion dollars. Iraq was followed by the UAE and Israel with 4.4 billion dollars each, Iran with 2 billion dollars and Saudi Arabia with 1.8 billion dollars.

In the same period, exports amounted to 1.3 billion dollars to the Turkish Republic of Northern Cyprus (TRNC), 1.1 billion dollars each to Syria and Lebanon, 716 million dollars to Yemen, 591.6 million dollars to Qatar, 579.8 million dollars to Jordan, 454.8 million dollars to Kuwait, 248.1 million dollars to Oman, 122.9 million dollars to Bahrain and 103.9 million dollars to Palestine. Thus, the highest January-October exports of all time were made to the TRNC and Palestine. Despite geopolitical risks and tensions in the region, Turkey continued to strengthen its trade relations with Palestine.

The "cereals, pulses, oil seeds and products" and "chemicals and products" sectors realized the highest exports to the Middle East and Gulf geography in 10 months of the year with 3.7 billion dollars each. These sectors were followed by jewelry with 2.6 billion dollars, steel with 2.3 billion dollars, furniture, paper and forestry products with 1.9 billion dollars.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

How the CEO of Emirates Steel Arkan is Transforming Leadership

Saturday, May 18, 2024

Taiwan's Feng Hsin keeps prices stable

Thursday, May 16, 2024

US steelmakers set cautious growth expectations for 2024

Friday, May 17, 2024

Rebar prices fall in India

Friday, May 17, 2024

The new Dutch government is cutting climate funding

Friday, May 17, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now