Turkey's exports to its neighbors surge 44.5%

The amount of goods and services Turkey sold to its neighboring and the surrounding countries increased by 44.5 percent, to hit $8.4 billion in the first three months of 2007 when compared to the same period of 2006.

Turkey's exports to its neighbors surge 44.5%
The amount of goods and services Turkey sold to its neighboring and the surrounding countries increased by 44.5 percent, to hit $8.4 billion in the first three months of 2007 when compared to the same period of 2006. The share of these countries in Turkey’s total exports was 36.1 percent.

According to the January-March Period Exports Evaluation Report released by the Foreign Trade Undersecretariat, exports in the given period to seven neighboring countries have risen 33.6 percent and reached $2.4 billion. Among them, Iraq was first with a 2.8 percent share in total exports. Greece followed Iraq with a 2.1 percent share. Bulgaria, took a 1.9 percent stake in exports and was third while Iran came fourth with a 1.2 percent share of Turkey’s total exports. In other words Turkey sold $658.6 million worth of goods and services to Iraq. It earned $492.5 million from Greece, $428.8 million from Bulgaria and $285.3 million from Iran.

Exports to 45 “surrounding” countries, however, increased 49.2 percent in the same period, to hit $6 billion. The share of these countries among total exports, on the other hand, grew to 25.9 percent.

Among these countries, the biggest export market was the Russian Federation, with a 4.2 percent share. Romania followed with 3.6 percent. The United Arab Emirates came in with 2.6 percent, Israel was fourth (1.6 percent) and then Saudi Arabia (1.4 percent). The biggest increases in exports among neighboring and surrounding countries were seen in Turkey’s trade with Eritrea, Montenegro, Kosovo, Croatia, and Bosnia and Herzegovina. Palestine, Djibouti, Oman, Turkmen-istan and Bahrain enjoyed a boost in their trade with Turkey as well.


Last Mod: 22 Mayıs 2007, 10:35
Add Comment