Türkiye’s rising financial cooperation with African nations beneath its “win-win” technique has helped enhance exports to the continent, reaching $8.4 billion (TL 333.41 billion) within the first 5 months of 2025 – an 8.3% enhance from the identical interval final yr, in keeping with official commerce information.
The optimistic commerce momentum displays Türkiye’s “Strategy for Enhancing Trade and Economic Relations with African Countries,” which goals to deepen ties throughout political, cultural and financial spheres. The technique additionally promotes mutual investments and expands Turkish engagement in sectors reminiscent of building, vitality, well being, agriculture and infrastructure.
Türkiye has additionally prolonged its profitable protection trade collaborations to African nations. Leading Turkish corporations reminiscent of Baykar, Aselsan, Tusaş and Nurol Holding have seen rising demand for his or her merchandise on the continent. These protection partnerships and associated initiatives proceed to strengthen bilateral commerce.
According to information from the Turkish Exporters Assembly (TIM), Türkiye’s complete exports to African nations rose by 1.7% in 2024, reaching $19.4 billion. Egypt was Türkiye’s high African export vacation spot final yr at $3.5 billion, adopted by Morocco with $3.1 billion and Libya with $2.5 billion.
Between January and May this yr, Morocco led once more with $1.5 billion in imports from Türkiye, adopted by Egypt with $1.3 billion and Libya with $1.1 billion.
Trade ties with Morocco have deepened in recent times. Turkish contractors have accomplished roughly $4.3 billion value of building initiatives within the nation. Under the Free Trade Agreement in power between the 2 nations, efforts are ongoing to additional strengthen cooperation.
Top Turkish exports to Morocco embody motor automobiles, electrical equipment and gear, in addition to mineral fuels and oils. With Morocco thought of a “priority opportunity country” for Turkish traders, bilateral commerce is anticipated to speed up additional beneath the win-win precept.
Egypt stays Türkiye’s most essential buying and selling accomplice in Africa, with a goal of reaching a $15 billion commerce quantity. Key export sectors to Egypt embody equipment, mechanical home equipment, mineral fuels, oils, iron and metal. Turkish companies have established a robust presence within the nation, particularly within the textiles, electronics and residential home equipment industries.
Türkiye has additionally expanded protection cooperation with a number of African nations, together with Libya, Somalia, Niger, Chad and Sudan. Under a 2019 memorandum of understanding on army and safety cooperation, Türkiye continues to offer army coaching and consultancy providers in Libya.
Additionally, Türkiye has exported armed unmanned aerial automobiles (UAVs) to Niger, Mali and Ethiopia, and delivered armored automobiles to Gambia, Uganda and Kenya.
The “AFEX’25 Africa Business Forum and Expo,” which opened Wednesday in Istanbul and continues Thursday, goals to additional improve financial and sectoral cooperation between Türkiye and African nations. The occasion brings collectively African and Turkish business leaders in agriculture, vitality, building, well being, finance and expertise, with a give attention to forging new partnerships.
Public officers, traders, entrepreneurs and civil society representatives from a number of African nations are attending the discussion board, which is centered on exploring trilateral cooperation alternatives involving Africa and third nations.
Looking forward, the G-20 leaders’ summit, scheduled for November in Johannesburg, South Africa, is anticipated to additional amplify Africa’s position within the world area and strengthen Türkiye’s Africa technique.
The South African G20 presidency has prioritized resilience to disasters, debt sustainability for low-income nations and financing for a simply vitality transition – areas wherein Türkiye is actively engaged.
Source: www.dailysabah.com