Turkey’s exports to African countries reached 6 billion dollars in 4 months of the year.
According to the information compiled by the AA correspondent on the occasion of Africa Day on May 25, significant progress has been made in economic relations with the countries in the continent following the steps taken by Turkey to improve its relations with the African continent.
While Turkey has intensified its relations with the African continent since 2005, the market value of Turkish investments in the continent has exceeded 10 billion dollars. While Turkish companies have achieved significant success in their exports to alternative markets with the strategy of “increasing diversity”, the African market has also played an important role in this success.
According to information compiled from the data of the Turkish Exporters Assembly (TIM), Turkey’s exports to African countries increased by 2 percent in the first 4 months of the year compared to the same period of 2023 and reached 6 billion dollars.
While the share of exports to African countries in total exports was determined as 7.2 percent in the January-April period, African countries ranked 5th in terms of the 12 country groups that Turkey exported the most on the basis of country groups in this period.
Turkey exported 31.6 billion dollars to the European Union countries, 9.7 billion dollars to the Middle East countries, 7 billion dollars to the Commonwealth of Independent States and 6.7 billion dollars to other European countries in 4 months of the year.
In the January-April period, the countries to which Turkey exported the most in the African continent were Egypt with 1.1 billion dollars, Morocco with 982.7 million dollars, Algeria with 766.5 million dollars, Libya with 669.5 million dollars, Tunisia with 325.1 million dollars.
Egypt, Morocco and Algeria also ranked first in export growth
Egypt, Morocco and Algeria were at the top in the increase in value-based exports to African countries.
In this period, the increase in exports amounted to 210.9 million dollars in Egypt, 95.6 million dollars in Morocco, 95 million dollars in Algeria, 74.3 million dollars in Burkina Faso and 38.6 million dollars in Ghana.
In the first 4 months, exports to Burkina Faso increased by 102.4 percent to 146.8 million dollars.
The highest exports were made in the chemicals and chemical products sector
In terms of sectors, chemicals and chemical products exported the most to African countries with 1 billion dollars in the said period.
Chemicals and products were followed by cereals, pulses, oil seeds and products with 879.6 million dollars, steel with 624 million dollars, automotive industry with 460.4 million dollars, textiles and raw materials with 372.9 million dollars.
The sectors with the lowest exports were ornamental plants and products with 1.9 million dollars, olives and olive oil with 2.2 million dollars, fresh fruits and vegetables with 6.8 million dollars, dried fruits and products with 17.2 million dollars, hazelnuts and products with 25.6 million dollars.
