Türkiye’s exports to African nations have surpassed $15 billion between January and October this yr, in keeping with a report on Tuesday citing international commerce information.
The quantity of shipments to African nations elevated by 1.8% within the first 10 months of the yr in comparison with the identical interval in 2023, reaching $15.1 billion, the information compiled by Anadolu Agency (AA) from Turkish Exporters Assembly (TIM) revealed.
Apart from sturdy commerce, Türkiye has develop into an necessary associate for growth and funding in Africa, strengthening cooperation in areas similar to development and vitality.
Relations between Ankara and African nations have gained momentum in recent times and there are 44 Turkish embassies in Africa, in comparison with 12 in 2003.
Sales to Africa constituted 7% of Türkiye’s complete exports within the 10 months. The continent ranked sixth among the many 12 nation teams to which Türkiye exported essentially the most throughout this era.
In comparability, Türkiye exported $79.9 billion to European Union nations within the first 10 months of the yr and $23.3 billion to the Middle Eastern nations.
Egypt takes lead
In the primary 10 months of the yr, Türkiye exported essentially the most to Egypt amongst African nations, with practically $3 billion, together with different North African nations, which had been intently adopted by gross sales to South Africa and Nigeria.
Accordingly, exports to Egypt had been decided at $2.9 billion, Morocco at $2.5 billion, Algeria at roughly $2 billion, Libya at $1.9 billion and Tunisia at $859.2 million.
South Africa got here in subsequent with $514.5 million, Nigeria with $482.1 million, Djibouti with roughly $343 million, Ghana with roughly $313 million and Senegal with $301.1 million.
When examined sectorally, the sectors with the very best exports to African nations within the interval in query had been chemical substances and merchandise with $2.5 billion, grains, pulses, oilseeds and its merchandise with $2.3 billion, metal with $1.7 billion, the automotive trade with $1.2 billion and {the electrical} and electronics sectors with $1.1 billion.
The sectors that elevated their exports essentially the most over the identical interval had been chemical substances and merchandise with $248.5 million, jewellery with $137.7 million and textiles and uncooked supplies with $98.6 million, respectively.
The jewellery sector made $309.7 million in exports to African nations, whereas the textiles and uncooked supplies sector’s export quantity reached $1.1 billion, and the equipment and parts sector additionally exported $1.1 billion price of products in 10 months.
The sectors with the least exports to the continent had been different decorative vegetation with $2.1 million, olives and olive oil with $12.9 million, and contemporary vegetables and fruit with $20.2 million.
For the January-October interval, Türkiye’s complete exports totaled $216.4 billion, up 3.2% year-over-year.
Source: www.dailysabah.com