Russia came to the fore in Turkey's export increase

Turkey maintains its strong export performance despite ongoing geopolitical risks.

Despite the disruptions in the global supply chain due to the Russia-Ukraine war and the negative impact of the countries' trade relations with Russia, Turkey continues to effectively maintain its trade with Russia with its balance strategy and effective foreign policy.

Although there were delays and disruptions in orders at the beginning of the war, trade between Turkey and Russia continues to increase with the solution-oriented approach of Turkish exporters.

Thus, Turkey realized the highest increase in exports on a value basis to Russia in July.

According to the information compiled from the data of the Turkish Exporters' Assembly (TIM), Turkey's exports increased by 13.4 percent in July compared to the same period of the previous year and rose to 18 billion 550 million dollars.

Turkey's foreign sales to Russia increased by 236 million 932 thousand dollars in July compared to the same period of the previous year and reached 609 million 68 thousand dollars.

In this period, Russia was followed by Bulgaria, the USA, the Netherlands and the Republic of South Africa in the increase in exports on a quantity basis.

In July, Turkey's export sales to Bulgaria increased by 218 million 439 thousand dollars to 483 million 279 thousand dollars, to the USA with an increase of 213 million 263 thousand dollars to 1 billion 119 million dollars, to the Netherlands with an increase of 194 million 735 thousand dollars to 673 million 429 dollars. thousand dollars, South Africa reached 224 million 207 thousand dollars with an increase of 135 million 496 thousand dollars.

Russia thus became the seventh country to which Turkey exports the most.

The locomotive sector in exports to Russia was chemicals and their products.

In Turkey's exports to Russia, the chemical substances and products sector made the largest export.

The chemical materials and products industry exported 115 million 256 thousand dollars to Russia in July. Fresh fruits and vegetables with 83 million 224 thousand dollars, machinery and accessories with 58 million dollars, automotive industry with 49 million 532 thousand dollars, textile and raw materials with 43 million 756 thousand dollars followed the chemicals and products.

The sectors that showed the least demand for Russia were ornamental plants and products with 212 thousand dollars, other industrial products with 400 thousand dollars, olive and olive oil with 515 thousand dollars, ship yachts and services with 703 thousand dollars and jewelry with 1 million 241 thousand dollars.

Featured city Istanbul

Companies from Istanbul made the largest exports to Russia with 291 million 535 thousand dollars.

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