Turkey doubles exports to Turkic and Arab countries

Exports rose to 28 billion USD in 2010 thanks to the enhancement of bilateral relations

Turkey doubles exports to Turkic and Arab countries

Turkey increased its exports to Arab countries and Turkic republics more than two folds in the last four years.

Turkish-Arab Countries Businessmen Association (TURAB) figures suggest Turkey's exports to Arab countries and Turkic republics rose from 13 billion USD to 28 billion USD in the last five years, while imports from these countries remained the same.

Turkey made 13 billion USD of exports to these countries in 2006 while imports from these countries amounted to 14 billion USD in the same year. Exports rose to 28 billion USD in 2010 thanks to the enhancement of bilateral relations with the said countries while imports from these countries remained literally unchanged at 14 billion USD.

Exports to Iraq topped the list of exports to Arab countries and Turkic republics in 2010 with 6 billions USD, which was followed by United Arab Emirates with, 3 billion USD.

TURAB Chairman Dogan Narin said due to the improving relations between Turkey and Arab countries and Turkic republics, they hoped commerce with these countries would show growth in the next few years.

He said the share of these countries in Turkey's overall trade was around 15 percent adding that their target was to increase exports from Turkey to these countries to 35 billion USD in 2011.

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Last Mod: 08 Ocak 2011, 13:23
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