Turkish exports to the Kingdom of Saudi Arabia and the United Arab Emirates recorded a remarkable jump during the first quarter of this year, due to the improvement in political relations.
Data from the Exporters Council in Turkey showed that Turkish exports to the UAE increased by 262 million and 722 thousand dollars in the first quarter of 2023, on an annual basis, according to Anadolu Agency.
According to the data, Turkey’s exports to the UAE amounted to $1.23 billion between January and March 2023.
Turkish exports to Saudi Arabia also increased by 541 million and 906 thousand dollars in the same period, to reach 611 million and 816 thousand dollars.
Thus, Saudi Arabia ranked second among the countries to which Turkish exports increased the most during the first quarter, while the UAE came in fourth place.
The UAE ranked 13th and Saudi Arabia ranked 21st among the countries that import Turkish products the most.
The UAE’s share of Turkey’s total exports amounted to 1.7 percent and Saudi Arabia 1 percent during the aforementioned period.
The Turkish jewelry sector was the highest in demand in the first quarter from the UAE, with exports amounting to 371 million and 640 thousand dollars.
Turkey also exported $71 million and 115 thousand dollars worth of chemicals and their products to the UAE, ready-made clothes and textiles worth $50 million and 101 thousand dollars, electrical and electronic equipment worth $49 million and 671 thousand dollars, and fish and animal products worth $49 million and 460 thousand dollars.
The highest demand for the carpet sector in Turkey came from Saudi Arabia, with a value of 85 million and 479 thousand dollars during the first quarter.
Saudi Arabia imported $65,142,000 worth of grains, legumes, oilseeds and their products from Turkey, $58,747,000 in ready-made clothes and textiles, $57,293,000 in chemicals and their products, and $44,742,000 in electrical and electronic equipment.
