Türkiye’s trade volume with the Turkic republics reached $9.4 billion in the first half of the year. During this period, Türkiye exported $5 billion to these countries, while imports totaled $4.4 billion.
Türkiye consequently recorded a foreign trade surplus of $614.9 million with the Turkic republics. Contracting, energy, transport, industry, agriculture and logistics were the leading areas of commercial relations.
Kazakhstan received the most exports
In the first half of the year, Kazakhstan was Türkiye’s largest export destination among the Turkic republics, with $1.5 billion. Kazakhstan was followed by Azerbaijan with $1.4 billion, Uzbekistan with $945.6 million, Kyrgyzstan with $594.4 million and Turkmenistan with $583.6 million.
Türkiye and Kazakhstan target $15 billion in trade
Türkiye and Kazakhstan are cooperating in energy, transport and logistics, agriculture, the defense industry, technology, contracting and investment. More than 3,000 Turkish-capital companies operate in Kazakhstan.
The two countries aim to increase their trade volume to $15 billion. A railway agreement signed within the framework of the Middle Corridor aims to increase the volume and quality of freight transport along the route.
As part of these efforts, regular block train services are planned, along with increased freight traffic via the Baku-Tbilisi-Kars railway line. In the defense industry, work is continuing on the production, maintenance and repair of ANKA unmanned aerial vehicles in Kazakhstan.
Türkiye and Azerbaijan cooperate in many areas
A 110-point action plan signed by Türkiye and Azerbaijan last year covers trade, industry, investment, contracting, transport and energy. The two countries aim to increase their trade volume to $15 billion.
Agreements on the promotion and protection of mutual investments and the prevention of double taxation form the legal foundation of Türkiye-Azerbaijan economic relations.
Free-zone initiatives with Uzbekistan
Free zones, the defense industry and the digital economy are the leading areas of Türkiye-Uzbekistan trade relations. An agreement on free zones signed at the beginning of the year aims to facilitate the sharing of experience in zone design, management and promotion models.
The parties aim to carry out joint work to improve the investment environment in free zones. Efforts to establish the Uzbek-Turkish Industrial Zone are also continuing as part of initiatives to implement the ecosystem of Türkiye’s OSTİM Organized Industrial Zone in Uzbekistan.
