With a complete export worth of roughly $9.26 billion (TL 278.73 billion), Türkiye achieved its highest-ever export to Spain of all time final yr, based on official information.
Standing out with its market variety, geopolitical place, sturdy infrastructure and certified workforce, Türkiye continues to showcase record-breaking leads to outbound shipments each inside its area and globally.
Preserving its position as a strategic industrial accomplice for Europe, Türkiye attracts the eye of nations all in favour of investing as a consequence of its sustainable financial progress.
Within this context, Türkiye is rising its exports to Spain, one of many main nations within the European Union whereas each nations, taking the initiative in bilateral commerce, are evaluating alternatives of their influential sectors.
Accordingly, based mostly on the information compiled by Anadolu Agency (AA) from the Turkish Exporters Assembly (TIM) on Monday, Spain turned the eighth largest receiver of Turkish items in 2023, with imports amounting to $9.26 billion.
This nation’s share in Türkiye’s whole abroad shipments thus stood at 3.6%, based on the information.
Türkiye’s whole exports in 2023 hit a document excessive of $255.8 billion, ticking up 0.6% from the earlier yr, and surpassing the medium-term program goal of $255 billion.
From the sectoral standpoint, spearheading the determine in abroad shipments to Span stands automotive business that realized exports value almost $2.44 billion final yr, the information confirmed.
Following the automotive business, the ready-to-wear and attire sector got here in second with $2.25 billion and the chemical substance and merchandise sector was subsequent with $1.32 billion.
The shipments by {the electrical} and digital sector contributed $620.7 million whereas the metal sector with almost $437.8 million closed the highest 5 sectors that led the exports to Spain, respectively.
The sectors with the least exports to Spain had been decorative vegetation and merchandise with $395,000, tobacco with $2.74 million, ship, yacht and companies with $2.87 million, contemporary fruit and veggies with $9.05 million, and the carpet sector with $9.21 million.
In exports to the EU nation, the automotive business additionally led the way in which within the enhance in exports based mostly on worth. Last yr, the sector’s export enhance to Spain was recorded at $623.34 million when in comparison with 2022.
In export progress, the automotive sector was adopted by the olive and olive oil sector with $173.7 million, the chemical substances and merchandise sector with $98.7 million, {the electrical} and digital sector with $60.25 million, and cereals, pulses, oilseeds and merchandise with $38.83 million.
Looking on the provinces, the very best exports to Spain, amounting to $3.91 billion, had been realized from the nation’s business hub, Istanbul.
Source: www.dailysabah.com