- BIST10012,151-0.94%
- USD49.220.00%
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- GOLD4,195.90+0.13%
- INTEREST37.00%-1.00
- BITCOIN82,500-1.40%
- October 13, 202618°
- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,195.90+0.13%
- INTEREST37.00%-1.00
- BITCOIN82,500-1.40%
- October 13, 202618°
Türkiye's exports to neighboring countries reached $18.2 billion in eight months
Türkiye's exports to eight neighboring countries rose 2.6% year on year to $18 billion 226 million 225 thousand in the January–August period. Iraq ranked first with $5 billion 758 million 899 thousand, while chemicals and chemical products were the leading export sector with $3 billion 330.6 million.
Türkiye's total exports to Azerbaijan, Bulgaria, Armenia, Georgia, Iran, Iraq, Syria and Greece in the January–August period rose 2.6% year on year, from $17 billion 762 million 593 thousand to $18 billion 226 million 225 thousand.
Exports to neighboring countries thus increased by approximately $463.6 million in one year. During the same period, Türkiye's total exports also rose 4%, from $177.9 billion to $185 billion.
Iraq received the most exports
Iraq received the highest level of exports among the neighboring countries, with $5 billion 758 million 899 thousand. However, exports to Iraq declined 10.5% compared with the same period last year.
Iraq was followed by Bulgaria with $3 billion 439 million 40 thousand, Greece with $2 billion 293 million 38 thousand, Georgia with $1 billion 949 million 857 thousand, Syria with $1 billion 675 million 429 thousand, Iran with $1 billion 566 million 709 thousand, and Azerbaijan with $1 billion 541 million 916 thousand.
Exports to Armenia totaled $1 million 336 thousand. By value, Iraq, Bulgaria, Greece and Georgia were Türkiye's largest export markets among its neighbors. Total exports to these four countries reached $13 billion 440 million 834 thousand.
Exports increased to five countries
Exports to five of the eight neighboring countries increased, while exports to three countries declined. Exports to Armenia, Georgia, Syria, Bulgaria and Iran rose, while exports to Iraq, Greece and Azerbaijan fell.
Chemicals ranked first
Chemicals and chemical products led exports to neighboring countries by sector. Exports in this sector rose 17.8% year on year, from $2 billion 827.2 million to $3 billion 330.6 million.
Chemicals and chemical products were followed by cereals, pulses, oilseeds and related products with $1 billion 903.1 million, and ferrous and non-ferrous metals with $1 billion 467.3 million.
Istanbul ranked first
Istanbul, Gaziantep, Ankara, Kocaeli and Mersin stood out in Türkiye's exports to neighboring countries. The five provinces' combined exports exceeded $11 billion, reaching $11 billion 661 million.
Istanbul ranked first with $6 billion 655 million 914 thousand. It was followed by Gaziantep with $1 billion 824 million 632 thousand, Ankara with $1 billion 321 million 683 thousand, Kocaeli with $1 billion 32 million 137 thousand, and Mersin with $826 million 754 thousand.
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