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UK tops Türkiye's export list: July figures exceed USD 1.2 billion

Türkiye's exports to the UK surged in July, making it the country with the highest export growth in value terms. Despite global economic challenges, Turkish products continue to attract demand from worldwide buyers.

UK tops Türkiye's export list: July figures exceed USD 1.2 billion

The UK was the top destination for Turkish exports in July, registering the highest export growth in value terms, as Türkiye’s exports to its largest market, Europe, continue to rise. According to data from the Turkish Exporters' Assembly, Türkiye's exports to the UK reached USD 1.3 billion in July, increased by USD 348.3 million y/y.

The UAE followed the UK with a USD 275.6 million increase in exports, followed by the US with USD 255.2 million, Egypt with USD 148.5 million, and Iraq with USD 144.8 million. In July, Türkiye exported USD 705.9 million to the UAE, USD 1.2 billion to the US, USD 327.8 million to Egypt, and USD 858.4 million to Iraq.

The UK ranked second in terms of Türkiye's top export destinations in July

Germany topped the list of Türkiye's top export destinations in July with USD 1.6 billion in exports. The UK followed with USD 1.3 billion, the US with USD 1.2 billion, Italy with USD 967.2 million, and Iraq with USD 858.4 million.

Automotive sector leads the way

The automotive sector led exports to the UK with USD 458.1 million. The electrical and electronics sector exported USD 155.9 million, ready-made clothing and textiles exported USD 136 million, chemical products and manufactures exported USD 87 million, and the steel sector exported USD 49.8 million.

Istanbul leads exports

In July, Istanbul led exports to the UK with USD 477.4 million. Istanbul was followed by Kocaeli with USD 238.9 million, Sakarya with USD 95.3 million, Bursa with USD 91.5 million, and İzmir with USD 72.7 million.



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SteelRadar Insight - Sayı 1 (Haziran 2024)

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