Turkey increased exports to Russia by 83%
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Turkey increased exports to Russia by 83%, or by $1.7 billion in January-April, and this is the highest indicator of growth in Turkish exports in monetary terms among its other trading partners. The League writes about this with reference to the Daily Sabbah edition.
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Export of goods
In total, Turkey sold $3.2 billion worth of goods to the Russian Federation in the first four months of 2023.
Russia is the seventh largest export partner of Turkey. The top three include Germany (exports in January-April for $6.2 billion), the United States ($3.8 billion) and Italy ($3.7 billion).
The increase in Turkish exports to Ukraine in monetary terms amounted to $398 million for the reporting period. According to this indicator, Ukraine ranks fourth after the already mentioned Russia, Saudi Arabia (exports increased by $673 million) and France ($418 million).
The increase in exports from Turkey to Belarus amounted to $192 million (8th place).
Read: Ukrainian business conquers the markets of Poland, Romania, Bulgaria and Turkey
In percentage terms, Turkey increased exports to Saudi Arabia by 600% compared to January-April last year.
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Source: Ministry of Finance
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