Turkish Export to Africa hit record $21B in FY22

Turkish Export to Africa hit record $21B in FY22

 Tukey has been the crucial trading partner of Africa. Over the years, the exports from Turkey to Africa have seen an upward trend. According to the Turkey import export data record, the Turkish exports hit a record 21 billion dollars to Africa in the financial year 2022.

As compared to the last year Turkey customs data, there was around 12% increase in the exports from Turkey to Africa. Egypt was the leading importer of Turkish goods with imports worth around 4 billion US Dollars. Other major contributors to the Turkish exports were Morocco, Libya, Algeria and South Africa.


As per Turkey export data, the top product exports were textiles, machinery, ceramics, marbles, cosmetics, agriculture goods, electrical equipment and food processing units.


Top 5 African countries by Turkish Exports


Egypt


Exports to Egypt increased by 30% in the financial year 2022. Turkish exports to Egypt were around 4 billion us dollars. The major imports by Turkey were cars, coke, jewellery and textiles. On the other hand, Turkey's top imports from Egypt were alcohols, polymers and petroleum gas.


Morocco


In 2022, Morocco was the second largest importer of Turkey. For the financial year 2022, the Turkish exports to Morocco were around 3 billion us dollars. The top product exports were around iron articles, space crafts, aircrafts and cars etc. 


While our Turkey import data suggests that the exports from Morocco were around 1.5 billion dollars. Calcium phosphates, phosphoric acid and motor cars were the major imports by Turkey from Morocco in the financial year 2022.


 Libya


For the financial year 2022, Libya was the third largest exporter of goods to Turkey. Exports from Turkey accounted for 2.5 billion US dollars. There was around a 65% increase in exports from Turkey to Libya in 2022. Gold, Scrap Iron, Copper, Plastics, Animals and Vegetable Oils were the major product imports by Libya from Turkey.  On the other hand, Turkish imports from Libya were 2.8 billion US dollars. The major import items were jewellery, furniture and woven handicrafts. 


Algeria


Algeria was the fourth largest importer of Turkish products in 2022. The total exports from Turkey to Algeria was around 1.9 billion dollars. Soybean oil, Oilseeds, Motor vehicles, accessories and condensed milk were the top product exports by Turkey to Algeria. While imports from Algeria accounted for 1.2 billion dollars in the financial year 2022. The major import items are petroleum products, iron ore and ammonia.


South Africa


For the financial year 2022, South Africa stands fifth in the top Turkish exporters list with over 1.6 billion dollars imports from Turkey. The top exports from Turkey to South Africa were Gold, Refined Petroleum, Toiletries, Vehicles, Tractors, Fabric and Washing Machines. 


While as per the import export data, South Africa exports to Turkey were estimated around 1 billion US dollars. Iron ore, gold, and centrifuges are the top imports done by Turkey from South Africa. Other major destinations for Turkish exports were Nigeria, Kenya, Tunisia, Rwanda, Senegal and Ethiopia.


Exim Global import export data Intelligence System from Exim Trade Data can help Turkish exporters companies to establish a strong presence in the African market. It has Africa import export data of over 60+ countries which contains African importer name, exporter name, top product import and port details. It can give you quick business leads and boost your revenue share in the African market.

----------------------------------------------------------------
Visit offical website for india import export data

Comments

Post a Comment

Popular posts from this blog

Turkey's fruits & vegetable exports hit record $212 Mn in April

Image
  Turkey is among the leading exporters of fruits and vegetables globally. Turkey is the biggest exporter of hazelnuts and fids. As per Turkey customs data , the overall fruits and vegetables exports from Turkey hit a record $212 million in April 2024. Experts predict Turkey's fruit market to reach 2.6 billion euros in 2024 with 9% expected annual growth rate. In the fiscal year 2023, Turkey's fruits and vegetables exports sales bombed. According to Turkey import export data , the country's fruits exports went up by 8.5% last year. Turkey's fruits exports were recorded to be $5.4 billion in FY 2023. Turkey's key fruits exports includes citrus fruits, grapes, apricots, dates, figs, apples and melons.   Russia was the biggest importer of fruits from Turkey with nearly billion dollars of fruit imports from Turkey. Export share wise, Germany (12%), Italy (8%), Iraq (7%), and the United Kingdom (4%) were the major markets for Turkish fruits exports. Ferrero Hazelnut Comp...
Read more

Russia's Textiles & Footwear Trade Analysis FY 2023

Image
  Well, Russia’s textiles exports are not as sound as crude oil, gas, and fertilizers exports. Knitted Fabrics were the most exported items from Russia. During the financial year 2023, Russia’s knitted fabrics exports stood at around $598 million as per Russia import export data . Moldova was the leading destination for Russian knitted fabrics items representing around 47% market share.  Uzbekistan was the second leading destination for Russian knitted fabrics exports with 27% market share. The fastest growing markets for Russia's knitted fabrics exports are Ukraine, Azerbaijan, Tajikistan, Turkey and Lithuania. Whereas, non-knitted or crocheted articles were the second most exported commodity from Russia. According to Russia customs data reports, over 136 million dollars worth of non-knitted or crocheted articles were exported from Russia in the fiscal year 2023. Russia's majority of the knitted and non-knitted textiles articles exports were made to Namibia and Spain respect...
Read more

USA's Agricultural & Poultry Market: Stats & Figures

Image
  Agriculture and poultry are the major revenue driven industries of the USA. Some of the leading agricultural exports of the USA are grains, soybeans, corn, fruits, vegetables, tree nuts and livestock products. In 2023, the USA's overall agricultural exports remained at $178 billion. Further, according to the experts, the USA's agricultural exports might see a fall to $170 billion in 2024.  According to the US import export data , the country's agricultural exports hit an all time high of $196 billion in 2022. China remained the biggest market for USA's agricultural exports with a record 19% market share. China's major interest came in the USA's soybeans, beef and cotton items. Along with China, Canada, Mexico and Japan were other significant markets. Soybeans are the top revenue generating commodity for the USA. In 2023, the exports of soybeans from the USA were recorded to be $28 billion. Although, there was a steep decline of 18% in the USA’s soybeans export...
Read more