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Türkiye’s exports to Spain reach record $774M in January 2025

Cargo Ship on Bosphorus with Istanbul Skyline and Historic Buildings in Summer Travel Scene An aerial view of a freight ship with cargo containers is seen in this undated photo, Istanbul, Türkiye (Adobe Stock Photo)
By Anadolu Agency
Feb 7, 2025 3:07 PM

Türkiye’s exports to Spain saw a record January figure in 2025, totaling $774 million, according to data from the Turkish Exporters’ Assembly (TIM) compiled by Anadolu.

Turkish exports to Spain soared 11.3% on an annual basis, the data showed.

The ongoing improvements in the relations between Türkiye and Spain reflected positively on trade. Spanish Prime Minister Pedro Sanchez said at the Conference of Ambassadors last week that Spain’s relations with Türkiye should strengthen.

Turkish Trade Ministry listed Spain among the 55 target countries for exports this year. Despite the volatility in Europe, Spain’s industrial demand remained strong.

Automotive industry products ranked first among Turkish exports to Spain, totaling $255.6 million in January, the data showed. Chemicals and chemical exports reached $139.3 million, ready-to-wear apparel made up $125.2 million, textiles and raw materials accounted for $44.8 million, and electricity and electronics exports totaled $39.1 million.

Auto industry exports rose the most by $84.9 million on an annual basis, followed by chemicals and chemical exports with a $30.5 million increase, textiles and raw materials with a $7.5 million rise, ferrous and non-ferrous metal exports with a $6.4 million uptick, and air conditioning market exports with a $4.2 million increase.

Istanbul had the highest exports to Spain, worth $306.9 million, followed by the northwestern provinces of Kocaeli and Bursa with $126.5 million and $94.9 million, respectively, Izmir in the southeast with $51.8 million, and Sakarya on the northwest with $47 million.

Vicente Balbin, chief representative of Türkiye at Spain-based Banco Sabadell, told Anadolu that the bank has been operating in its representative office in Istanbul since 2006, and while there have been ups and downs in the economies of Türkiye and Spain, the bilateral foreign trade between the two countries have been steady, a testament to the strong relations.

Balbin said that trade relations are not focused on a specified product or dependent on commercial activity, but spanning across sectors. He said that the steady growth between the two countries will continue to grow.

Last Updated:  Feb 7, 2025 3:08 PM