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The trade volume between South Africa and Turkey has increased

Turkey's fifth largest trading partner in the African continent, South Africa, set a new record in the trade volume between the two countries last year, reaching a trade rate of 3.29 billion dollars.

The trade volume between South Africa and Turkey has increased

The bilateral trade volume between Turkey and the Republic of South Africa increased by 60% last year, reaching 3.29 billion dollars. South Africa, Turkey's fifth largest trading partner in the African continent, set a new record in the trade volume between the two countries last year, reaching a trade rate of 3.29 billion dollars.

The trade volume was 2.05 billion dollars at the end of 2021 and increased by 60% to reach 3.29 billion dollars. Based on these figures, the bilateral trade figure with South Africa surpassed 3 billion dollars in 2022. In December-January 2022, Turkey's exports to South Africa increased by 98%, while imports from this country increased by 32%.

According to data released by the South African Revenue Service (SARS), the import value of primary metals showed a monthly increase, reaching 501.70 million dollars in March of this year. Looking at export values, there was a 17.2% y-o-y increase in January-March, reaching 3.09 billion dollars.

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