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Turkish exports to Europe defy regional economic slowdown

A container ship transits through the Bosphorus A container ship transits through the Bosphorus in Istanbul on Aug. 18 2023, (AFP Photo)
By Newsroom
Feb 15, 2025 12:15 AM

Türkiye’s exports to European markets showed remarkable resilience in January, climbing 7.1% from a year earlier to $10.3 billion, according to data from the Turkish Exporters’ Assembly (TIM), even as the region grapples with economic uncertainties and geopolitical tensions.

The robust performance comes against a backdrop of challenging conditions in Europe, including recession fears, the ongoing Ukraine conflict, and mounting concerns over potential new global tariffs from former U.S. President Donald Trump. Despite these headwinds, Europe remained Türkiye’s primary export destination, accounting for 48% of the country’s total exports.

Automotive sector leads Türkiye’s EU exports

The automotive sector led Türkiye’s European export portfolio, generating $2.6 billion in January. Chemical products followed at $1.4 billion, while ready-to-wear clothing and apparel contributed $1.1 billion. The electronics sector and metal industries also posted strong figures, with exports of $752.7 million and $767.1 million respectively.

Germany maintained its position as Türkiye’s top European trading partner, receiving $1.6 billion in exports. The United Kingdom ranked second at $1.1 billion, followed by Italy ($910.5 million), France ($795.7 million), and Spain ($774 million).

Istanbul dominates regional export with $2.9B output

Istanbul dominated regional export activity, shipping $2.9 billion worth of goods to European markets in January. The industrial hubs of Kocaeli and Bursa in northwestern Türkiye also demonstrated strong performance, with exports valued at $1.4 billion and $948.8 million respectively.

Türkiye’s overall exports reached $21.1 billion in January, marking a 5.8% increase from the previous year, highlighting the country’s growing role as a key trading partner for Europe despite regional economic challenges.

The western port city of Izmir contributed $625.1 million to European exports, while the capital Ankara recorded $419.2 million, and the northwestern industrial center of Sakarya added $385.7 million to the total.

Last Updated:  Feb 15, 2025 12:16 AM