14,212.60 TRY BIST 100 BIST 100
53.47 EUR EUR EUR
46.85 USD USD USD
6.93 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
40.92 TRY Interest Interest
77.22 USD Fossil Oil Fossil Oil
6.22 USD Copper Copper
89.49 USD Silver Silver
99.15 USD Iron Ore Iron Ore
99.00 USD Iron Ore 61% Fe Iron Ore 61% Fe
380.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)

Türkiye’s exports to Africa reach USD 11 billion in the first half of the year

Türkiye's exports to African countries maintained double digit growth in the first half of the year, with the strongest increase in export value recorded in shipments to Egypt. Morocco remained Turkey's largest export market in Africa with USD 2.1 billion.

Türkiye’s exports to Africa reach USD 11 billion in the first half of the year

According to information compiled from data released by the Turkish Exporters Assembly (TİM), Türkiye's exports to the African region increased by 32% year-on-year in June, reaching USD 1.9 billion. In the January-June period, exports to the region rose by 12% to USD 11 billion.

Largest increase in exports recorded to Egypt

In the first half of the year, Egypt recorded the highest increase in export value among African countries, with an additional USD 349.4 million. Morocco followed with an increase of USD 345.6 million, while Nigeria ranked third with a USD 151 million increase.

Other countries that stood out in terms of export growth were South Africa with USD 109 million, Djibouti with USD 93.8 million, Mali with USD 84 million, Ethiopia with USD 71.5 million, Liberia with USD 66 million, Tunisia with USD 64.5 million, and Somalia with USD 51.3 million.

In terms of total export value, Morocco maintained its position as Türkiye's largest export market in Africa with USD 2.1 billion. Exports to Morocco increased by 19.1% compared to the same period last year. Morocco was followed by Egypt with USD 1.9 billion and Libya with USD 1.3 billion.

DEİK: The goal is more investment and lasting partnerships

Osman Aksoy, Coordinator Chairman of the Foreign Economic Relations Board (DEİK) Türkiye-Africa Business Councils, stated that the increase in exports cannot be explained by a single economic indicator, emphasizing that the strong diplomatic relations established over the past 20 years, together with the private sector's activities on the ground, have played a significant role in this success.

Aksoy noted that diplomatic engagement with African countries has intensified over the past two years, adding that high-level reciprocal visits, Joint Economic Commission (KEK) meetings, Joint Economic and Trade Committee (JETCO) mechanisms, and contacts held within the framework of the Türkiye-Africa Business and Economic Forum (TABEF) have all contributed to the development of trade relations.

Emphasizing that the transformation taking place in global trade presents new opportunities for Türkiye, Aksoy said that African countries are now seeking partners that not only provide financing but also share technology, participate in production, and contribute to human resource development.

Stating that Türkiye approaches the continent with a long-term cooperation perspective, Aksoy said that the African Continental Free Trade Area (AfCFTA) becoming increasingly effective, Turkish Airlines' extensive flight network, Turkish contractors' experience exceeding USD 100 billion worth of projects across Africa, and high-level political engagement will continue to support export growth.

Aksoy concluded "Our goal is no longer simply to export more, but to produce more in Africa, invest more, and establish lasting economic partnerships."

Source: AA 

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

European parliament supports extending CBAM to downstream steel products

Thursday, July 9, 2026

Ashok Leyland partners with Rosmerta for end of life vehicle recycling

Thursday, July 9, 2026

Import quotas pushed up prices in Serbia, while demand slowed after May

Wednesday, July 8, 2026

EUROFER: Energy prices will determine the future of the European steel sector

Wednesday, July 8, 2026
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