While Turkiye’s exports on a country basis increased to $54.3 billion in the first quarter, the highest exports were made to Germany with $4.9 billion and to the USA with $2.97 billion.
According to the information compiled from the data of the Turkish Exporters Assembly (TIM), Turkiye’s exports increased by 2.5% in the first quarter to $61.6 billion. This figure was recorded as the highest January-March period exports of all time.
Exports to countries amounted to $54 billion 317 million
In the first quarter, the highest export was made to Germany with $4 billion 877 million. Exports to Germany increased by 0.4% compared to January-March 2022.
Germany was followed by the USA with $2.97 billion, Italy with $2.9 billion, the United Kingdom with $2.76 billion, France and Russia with $2.48 billion, and Spain with $2.43 billion.
During the period in question, exports amounted to $2.05 billion to Iraq, $1.67 billion to the Netherlands, and $1.46 billion to Israel. 5 of the top 10 exporting countries were in the EU.
13 countries exceeded $1 billion
In January-March 2023, exports to 13 countries exceeded $1 billion. Other countries outside the top 10 were Poland, Romania and the United Arab Emirates.
Bulgaria and Belgium’s imports from Turkiye approached the $1 billion mark.
In the said period, the number of countries to which $100 million or more was exported was recorded as 76.
Significant increase in Saudi Arabia, Mali and Russia
In the first quarter of the year, the highest increase was recorded in Saudi Arabia among the 76 countries that exported $100 million or more. In the said period, foreign sales to Saudi Arabia increased by 755.1% to $611.8 million.
Saudi Arabia was followed by Mali with 540.9% ($ 120.3 million) and the Russian Federation with 133.4% ($ 2.48 billion).
The rate of increase was 124.1% in Malta, 102.6% in Kazakhstan, 94.7% in Switzerland, 76.8% in Belarus, 49% in Ukraine and 42.2% in Kyrgyzstan.
While 23 of the 76 countries to which exports of $100 million or more were exported in the first quarter increased to double digits, countries such as Japan, Mexico, Hong Kong and Djibouti were among the other markets with an increase.
Source: Trthaber / Prepared by Irem Yildiz