Türkiye’s exports to G-20 international locations witnessed a surge of 37% within the interval between 2019 and 2023 to strategy the determine of $100 billion (TL 3.45 trillion), in line with a report on Monday, citing an increase in shipments to many of the members.
According to knowledge compiled by an Anadolu Agency (AA) correspondent, the G-20 accounts for about 85% of the worldwide gross home product (GDP) and 75% of world commerce.
Brazil at the moment holds the G-20 presidency, which contains 19 member international locations, together with Türkiye, the European Union and the African Union. The G-20 leaders’ summit is being held on Nov.18-19 in Brazil’s metropolis of Rio de Janeiro.
The primary theme of the summit, which is attended by President Recep Tayyip Erdoğan, is ready as “Building a Fair World and a Sustainable Planet.”
The assembly on Monday and Tuesday in Rio de Janeiro is, nonetheless, overshadowed by two main wars and Donald Trump’s latest U.S. election victory. Heightened international tensions and uncertainty about an incoming Trump administration have tempered any expectations for a strongly worded assertion addressing the conflicts within the Middle East and between Russia and Ukraine.
The agenda of the summit consists of points reminiscent of tackling poverty and driving reforms in international establishments.
Brazilian President Luiz Inacio Lula da Silva goals to make use of the summit to launch the “Global Alliance against Hunger and Poverty,” looking for agency monetary commitments from G-20 nations to advance initiatives that improve meals manufacturing and sort out starvation on a worldwide scale.
Almost all G-20 leaders are anticipated to attend the assembly, together with U.S. President Joe Biden, Chinese President Xi Jinping and German Chancellor Olaf Scholz.
Erdoğan arrived in Brazil on Sunday with a high-level delegation together with Foreign Minister Hakan Fidan and Treasury and Finance Minister Mehmet Şimşek, and has already met da Silva for bilateral talks.
Turkish exports to G-20
The latest knowledge means that Türkiye’s efforts to strengthen its position within the international economic system are mirrored in its export knowledge with member international locations of the G-20.
In 2019, Türkiye exported $71.2 billion price of products to 18 G-20 member international locations. During the extraordinary interval of the COVID-19 pandemic in 2020, exports to those international locations dropped to $68.8 billion however climbed once more to $86.8 billion in 2021.
Moreover, in 2022, Türkiye exported $97.3 billion price of products, adopted by $97.2 billion in 2023 to those international locations.
Like this, over the 2019-2023 interval, Türkiye’s exports to G-20 international locations elevated by roughly 37%, approaching $100 billion.
In the primary 9 months of this 12 months, Türkiye shipped $73.9 billion price of products to 18 international locations.
Meanwhile, Turkish exports to the EU and the African Union, outdoors the G-20 member international locations, additionally confirmed a rise throughout this era.
Germany leads, Argentina trails
The knowledge additionally steered that in this era, Türkiye’s exports to 16 of the 18 member international locations elevated, whereas exports to Saudi Arabia and Argentina declined.
Exports to Germany, one in every of Türkiye’s primary buying and selling companions, rose from $16.6 billion in 2019 to $21.1 billion final 12 months, marking an increase of roughly 27%.
Meanwhile, exports to the United States additionally noticed a big uptick, rising from almost $9 billion in 2019 to $14.9 billion in 2023, displaying a outstanding 66% improve throughout this era.
The U.Ok., alternatively, was Türkiye’s third-largest G-20 export vacation spot final 12 months, with $12.5 billion in exports, reflecting a ten% improve from $11.3 billion in 2019.
In 2023, the G-20 international locations to which Türkiye exported the least have been Argentina ($171 million), Indonesia ($411 million) and Japan ($645 million).
Source: www.dailysabah.com