Turkey mainly exports precious stones/metals, components and parts of air vehicles, petroleum products, machinery, electrical devices, iron, and steel to the UAE. Turkish exports to the Middle East and Gulf countries increased by 24.8% in the first nine months of this year, with its highest exports to Iraq at $7.5 billion.
Countries Exported To By Turkey And The Commodities
Turkey is among the world’s leading producers and exports to many countries in the middle east including Jordan, Yemen, Bahrain, the United Arab Emirates (UAE), Palestine, Iraq, Iran, Israel, Qatar, Kuwait, the Turkish Republic of Northern Cyprus (TRNC), Lebanon, Syria, Saudi Arabia, and Oman.
On the basis of sectors, the chemical substances and products sector made the largest exports in the region with a value of $3.9 billion. After the chemicals and products industry, the highest export volume came from cereals, Pulses, oilseeds, and products with a value of $3.2 billion. These sectors were followed by steel ($2.8 billion), furniture, paper, and forestry products ($1.8 billion), and electricity and electronics ($1.4 billion).
Turkish Export Values
Exports from Istanbul (a major city in Turkey) amounted to some 43.5% of overall sales to the region with $10.7 billion when the distribution of exports to the Middle East and Gulf countries in the nine months of the year is analyzed in terms of provinces.
Its exports reached $24.6 billion in the current period (9Months), as per a report released by Anadolu Agency (AA) on 16thOctober’22 that compiled data from the Turkish Exporters Assembly (TİM). The figure was $19.7 billion in the same period in the previous year. During the current period, Turkey’s exports mainly went to Iraq ($7.5 billion) followed by Israel ($5.1 billion), UAE ($2.5 billion), Iran ($1.7 billion), and Lebanon ($1.7 billion).
During the same period, some $1.8 billion worth of export sales were made to Qatar, $1.7 billion to Syria, $985.8 million to the TRNC, $776.1 million to Yemen, $647.2 million to Jordan, $489.4 million to Kuwait, $420.8 million to Saudi Arabia, $306.9 million to Oman, $142.4 million to Bahrain and $92.2 million to Palestine.
Exports to the Middle East and the Gulf region increased in 13 countries in the January-September period of this year compared to the same period in 2021 but inopportunely decreased in two countries.
Changes In Export Volumes
Impressively, the highest export increase was to Saudi Arabia with a rise of 180%. A rise of 91.4% was seen in exports to Lebanon while an increase of 58.7% was seen in exports to Qatar, 48.9% in TRNC exports, 33.1% in UAE exports, and 30.3% in Palestine exports. The exports to Bahrain increased by 21.8% while a 19.3% rise to Israel, an 18.8% rise to Jordan, 9.1% to Kuwait, 7% to Iran, and 0.6% in the case of Syria. Exports volumes to Yemen decreased by 2.9% and the exports to Oman fell by 7.3%.