Turkey exported 5.9 billion dollars to border countries in the first quarter

In the first quarter of 2024, Turkey exported 5 billion 948 million 129 thousand dollars to its border neighbors Bulgaria, Armenia, Georgia, Iraq, Iran, Syria and Greece.

According to information compiled by the AA correspondent from data from the Ministry of Commerce and the Turkish Exporters Assembly, Turkey’s exports in the first quarter of this year were recorded as 63.7 billion dollars. This was the “best first quarter export” performance.

Turkey exported 5 billion 948 million 129 thousand dollars to its neighbors Bulgaria, Armenia, Georgia, Iraq, Iran, Syria and Greece in the January-March period.

The said amount was 5 billion 99 million dollars in the same period last year. Thus, exports to these countries increased by 16.7 percent in the January-March period compared to the same period last year.

In this period, the highest exports were made to Iraq with 2 billion 731 million 316 thousand dollars. This country was followed by Bulgaria with 1 billion 27 million 792 thousand dollars, Greece with 665 million 663 thousand dollars, Iran with 583 million 962 thousand dollars, Syria with 551 million 31 thousand dollars and Armenia with 124 thousand dollars. The country where exports increased the most on an annual basis was Iraq with 33.9 percent.

When the distribution of Turkey’s exports to its neighbors in 3 months was examined by sectors, it was seen that the cereals, pulses, oil seeds and products sector ranked first. In the January-March period from this sector, exports of 828 million 360 thousand dollars were made to neighboring countries. This sector was followed by “chemical substances and products” with 802 million 670 thousand dollars and “furniture, paper and forestry products” with 497 million 473 thousand dollars.

The sectors with the least exports were ornamental plants and products with 7 million 556 dollars and hazelnuts and products with 14 million 16 thousand dollars.

Turkey has 8 neighbors in terms of land borders. These are Iran, Greece, Iraq, Georgia, Greece, Bulgaria, Nakhchivan and Armenia. Nakhchivan was not included in the calculation due to lack of data.

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