Turkish exports to Balkan nations surged roughly 17% yearly to hit $23.4 billion (TL 830.70 billion) in 2024, with Romania taking the lead contemplating the amount and development in comparison with the earlier yr, based on a report Monday.
The outbound shipments to Balkan nations elevated by 17.2% in comparison with 2023, information compiled by Anadolu Agency (AA) from the Turkish Exporters Assembly (TIM) revealed.
The highest quantity of exports was made to Romania at practically $7.55 billion, information confirmed, with the amount of shipments rising to a lot of the nations on this area previously yr.
The information coated nations together with Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Montenegro, Kosovo, North Macedonia, Romania, Serbia, Slovenia and Greece.
Considering the amount of exports, Romania was adopted by Bulgaria which purchased items price $4.4 billion from Türkiye and one other neighboring nation – Greece, which ranked third with practically $3.32 billion.
Slovenia adopted Greece with the amount of barely above $2.5 billion and Serbia got here in subsequent with $1.78 billion.
Meanwhile, in the course of the said interval, exports to Albania stood at $919.5 million, Kosovo at $791.5 million, Bosnia-Herzegovina at $712.5 million, Croatia at $643.6 million, North Macedonia at $621.8 million and Montenegro at $158.1 million.
Overall, the shipments elevated in 10 nations whereas lowering in a single nation final yr.
The nation with the best enhance in exports final yr in comparison with 2023 among the many nations within the area was equally Romania with $997.9 million.
EU-member Romania and Türkiye have loved a lift in commerce ties not too long ago and Ankara goals to elevate commerce quantity with the nation to $15 billion.
In phrases of export development, this nation was adopted by Greece with $722.4 million, Bulgaria with $529.5 million and Slovenia with $497.7 million. At the identical time, contemplating export development, Serbia adopted with $301.9 million, Albania with $218.3 million, Kosovo with $84.9 million, Croatia with $33.6 million, Bosnia-Herzegovina with $29.5 million and Macedonia with $29.1 million, respectively.
Exports to Montenegro, alternatively, decreased by $1.4 million throughout the identical interval.
When the distribution of exports to the Balkan nations is examined by province, it’s seen that the exports from Istanbul to this area are realized at $10.46 billion, the information revealed.
While the entire exports from Istanbul final yr stood on the stage of $92.14 billion, the share of exports from this province to the Balkan nations was 11.4%.
Sector-wise, the economic sector got here on the entrance within the exports made to the Balkan area final yr. The chemical substances and merchandise sector throughout the industrial group exported some $4.24 billion price of products to the Balkan nations throughout this era.
This sector was carefully adopted by the automotive business with $4.05 billion, metal with $3.27 billion, iron and non-ferrous metals with $1.8 billion, and electrical and electronics sector with shipments price near $1.55 billion.
Source: www.dailysabah.com