Türkiye’s exports to G-20 countries near $100B amid 37% increase over 5 years

Türkiye’s exports to G-20 countries have surged nearly 37% from 2019 to 2023, approaching a total value of $100 billion, according to recent data compiled by the Anadolu University (AA).

The increase highlights Türkiye‘s expanding role in the global economy, as the G-20 countries account for about 85% of the world’s GDP and 75% of international trade.

G-20 presidency and summit in Brazil

The G-20, comprising 19 member countries and the European Union, is currently chaired by Brazil, which is hosting the G-20 Leaders Summit.

President Recep Tayyip Erdogan, attending the summit, stated that Türkiye aims to enhance global economic stability through increased collaboration.

Yearly export trends and key statistics

Türkiye’s export performance showed notable growth across the G-20 member nations over the past five years.

• In 2019, Türkiye exported $71.2 billion worth of goods to G-20 countries.
• The COVID-19 pandemic impacted exports in 2020, reducing them to $68.8 billion.
• A rebound occurred in 2021, with exports rising to $86.8 billion.
• In 2022, exports further increased to $97.3 billion.
• In 2023, Türkiye maintained high export levels at $97.2 billion, marking a 37% overall increase from 2019.

Top G-20 export destinations for Türkiye

Among G-20 countries, Germany, the United States, and the United Kingdom emerged as Türkiye’s largest export markets:

• Germany: Exports grew by 27%, reaching $21.1 billion in 2023.
• United States: Exports rose by 66%, increasing from $9 billion in 2019 to $14.9 billion in 2023.
• United Kingdom: Exports climbed by 10%, amounting to $12.5 billion last year.

Conversely, Türkiye’s exports to Saudi Arabia and Argentina decreased during this period.

Export performance breakdown by country

Türkiye’s export data from 2019 and 2023 shows significant growth in key markets, including:

• Italy: $9.8 billion in 2019 to $12.4 billion in 2023 (+27%)
• Russia: $4.2 billion in 2019 to $10.9 billion in 2023 (+163%)
• France: $7.9 billion in 2019 to $10.3 billion in 2023 (+29%)
• China: $2.7 billion in 2019 to $3.3 billion in 2023 (+21%)

Countries	2019 (million dollars)	2023 (million dollars)	Change (percent)
Germany	16.617	21.083	27
USA	8.971	14.880	66
United Kingdom	11.279	12.463	10
Italy	9.753	12.373	27
Russia	4.152	10.907	163
France	7.946	10.288	29
China	2.726	3.306	21
Saudi Arabia	3.293	2.621	-20
India	1.166	1.644	41
Canada	986	1.627	65
Mexico	668	1.242	86
South Korea	944	1.042	10
Australia	661	944	43
Brazil	495	823	66
Republic of South Africa	570	779	37
Japan	503	645	28
Indonesia	289	411	42
Argentina	178	171	-4
Total	71,197	97,249	37