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Türkiye’s exports to UK surge past $1.3B in July

Türkiye's exports to UK surge past $1.3B in July A general view of Mersin International Port (MIP), Mersin, southern Türkiye, June 14, 2023. (iStock Photo)
By Newsroom
Aug 11, 2024 9:31 AM

Global exports continue to thrive in Türkiye despite ongoing economic challenges. July saw the United Kingdom emerge as the top destination for Türkiye’s export growth.

Between the lines: Türkiye continues to cement its position as a key player in global trade, with its largest European market showing strong demand for Turkish products. This surge in exports underscores the growing economic ties between Ankara and London.

Total import reached over $1.3B

  • Top growth market: The U.K. saw a $348.3 million increase in Turkish exports compared to July last year, leading all other countries in growth.
  • Total exports: The U.K.’s total import of Turkish goods reached over $1.3 billion, making it the second-largest destination after Germany.

Türkiye’s major markets

  • UAE: $705.9 million in exports, up by $275.6 million.
  • USA: $1.2 billion in exports, with a $255.2 million increase.
  • Egypt: $327.8 million in exports, with a $148.5 million rise.
  • Iraq: $858.4 million in exports, growing by $144.8 million.

Leading export sectors to UK

  • Automotive: Dominated with $458.1 million in exports, making it the highest-performing sector.
  • Electrical & electronics: Contributed $155.9 million.
  • Apparel & textiles: Added $136 million.
  • Chemical products: Exported $87 million worth.
  • Steel: Accounted for $49.8 million in exports.

Top exporting cities

  • Istanbul: Led the charge with $477.4 million in exports to the UK.
  • Kocaeli: Followed with $238.9 million.
  • Sakarya: Contributed $95.3 million.
  • Bursa: Added $91.5 million.
  • Izmir: Exported goods worth $72.7 million.
Last Updated:  Aug 11, 2024 9:49 AM
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