Turkey‘s exports to the United Arab Emirates (UAE) and Saudi Arabia have experienced a remarkable surge, marking a 78% increase, as reported by local media. In 2023, exports to these nations amounted to $11.2 billion (336 billion lira), a significant rise from $6.3 billion in the previous year.
According to data compiled from the Trade Ministry and Turkish Exporters Assembly (TIM), exports to the UAE notably rose by 63.4%, reaching $8.58 billion in the same period. Meanwhile, exports to Saudi Arabia saw an even more substantial increase, soaring by 150.3% to $2.6 billion.
The key driver sectors behind these exports included jewellery, which dominated shipments to the UAE, whereas products like carpets, grain, pulses, and chemicals were prominently exported to Saudi Arabia.
President Recep Tayyip Erdoğan, following his election in July 2023, embarked on a significant diplomatic tour across GCC countries, including Saudi Arabia, the UAE, and Qatar. During these visits, a total of 18 agreements were inked across various sectors, notably sealing a monumental $50.7 billion pact with the UAE.
Further strengthening regional ties, Turkish Transport and Infrastructure Minister Abdulkadir Uraloglu disclosed that discussions are underway for the UAE and Qatar to potentially participate in the ambitious Development Road project. This project aims to establish a crucial link between southern Iraq and Turkey, promising substantial economic benefits for all involved parties.
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