Türkiye has shifted its focus to Latin America within the framework of its strategy to expand into new export markets. Under the coordination of the Ministry of Trade, and in cooperation with the Turkish Exporters Assembly (TİM) and the Aegean Exporters’ Associations (EİB), a trade mission will be held on November 16–21 in São Paulo, Brazil, and Santiago, Chile.
Within the scope of the program, Turkish companies will have the opportunity to meet directly with Brazilian and Chilean importers to explore new export opportunities. The deadline for applications has been set as October 8.
EİB Coordinator Chairman Jak Eskinazi pointed out that there is a foreign trade deficit of approximately $3 billion between Türkiye and Brazil, emphasizing that this visit is critical to reducing the gap. While Türkiye’s exports to Brazil remain around $1 billion, imports from Brazil reach $3.9 billion. Türkiye mainly imports soybeans, iron ore, and cotton from Brazil, while its leading export items include carbonates, automotive parts, and fresh fruits and vegetables.
Trade with Chile, on the other hand, is more balanced. In 2024, Türkiye’s exports to Chile totaled $360 million, while imports stood at $123 million. Turkish exporters are seen to have strong potential in sectors such as iron and steel, shipbuilding, and machinery parts in this market.
Latin American countries stand out as priority regions within Türkiye’s “Distant Countries Strategy,” which aims to diversify export markets. The trade mission scheduled for November is expected to contribute both to increasing the current trade volume and to fostering new business partnerships.
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