Turkey's exports to neighboring countries soars by over 34%

From January through September 2021, Turkey's exports to neighboring countries (Bulgaria, Iran, Iraq, Georgia, Syria, and Greece) increased by 34.4% compared to the same period last year and reached $14.5 billion, Report informs, citing Anadolu Agency.

In September alone, Turkey's total exports increased by 30% year-on-year to $20.8 billion, exceeding $20 billion a month for the first time in the country's history.

In the first nine months of 2021, Turkey's exports increased by 36% compared to the same period last year to $161 billion.

During the reporting period, Turkey's exports to Iraq amounted to $6.156 billion, Bulgaria $2.542 billion, Greece $2.009 billion, Iran $1.651 billion, Georgia $1.083 billion, and Syria $1.066 billion.

Turkey mainly exported chemicals ($2.432 billion) to neighboring countries in the first nine months. The chemicals are followed by grains, beans, oilseeds, and similar products worth $1.839 billion, while the steel exports reached $1.253 billion.

Turkey has eight neighbors in terms of land borders - Iran, Greece, Iraq, Georgia, Greece, Bulgaria, Azerbaijan (Nakhchivan), and Armenia. As there is no separate data on Nakhchivan, it is not included in the ranking, and there is no direct trade between Turkey and Armenia.

Other News