Turkish export to Saudi Arabia in January-July exceeded $ 1.2 billion.
with the normalization of relations with Saudi Arabia, they continue to gain momentum of trade and economic ties between the two countries.
as part of the visit of President Recep Tayyip Erdogan to Saudi Arabia last month, 5 new memorandums of understanding were signed between the delegations of the two countries.
In particular, the “Self -Cooperation Plan for Research and Development in the field of defense industry”, “Two Export Agreements between the Ministry of Defense of Saudi Arabia and the Turkish company Baykar”, “Cooperation on Cooperation in the field of promotion of direct investments”, were signed. as well as a number of contacts in the field of media and energy.
Among the important agreements reached during the visit, is a memorandum of understanding between the Turkish Republic and the Kingdom of Saudi Arabia about cooperation in the field of promotion of direct investments.
in the framework of “Agreement on export and cooperation of Bayraktar Akinci Ti̇ha (assault unmanned aerial vehicle)”, signed between Baykar and the Ministry of Defense of Saudi Arabia, Bayraktar Akinci Ti̇ha will be part of the Kingdom of the Kingdom of the Kingdom of Saudi Arabia.
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As Anadolo reports with reference to the Assembly of Turkish exporters (TIM), the volume of Turkish exports over 7 months of this year decreased by 0.5 percent compared to the same period of the previous year and decreased to $ 434 million.
Saudi Arabia became the second country where Turkey has increased its export in price terms.
Turkey exports to Saudi Arabia over this period increased by $ 1 billion 84 million.
The largest growth in Turkish exports in this period is observed in Russia with an indicator of 2 billion 393 million dollars. The volume of exports to Russia in 7 months of the year amounted to 5 billion 570 million dollars.
The largest sales in Saudi Arabia for the reporting period of the current year were carried out by the carpet sector of Turkey – 174 million 86 thousand dollars.
The following are the products of the chemical industry – $ 129 million, grain -combat and oil cultures and concomitant products – $ 124 million, cars and equipment – 98 million $ 175 thousand, finished clothing sector 95 million 951 thousand. dollars.
The largest sales growth in Saudi Arabia in price terms falls on the sector of the carpet industry – 168 million 436 thousand dollars.
The growth of export of grain -combat and oilseeds and related products amounted to 116 million 437 thousand dollars, the finished clothing sector – 89 million $ 150 thousand, $ 343 thousand, vehicles and equipment – 79 million – 79 million. 873 thousand dollars,
At the same time, exports from Istanbul to Saudi Arabia amounted to 548 million 470 thousand dollars, from Gaziantep – 185 million 800 thousand dollars, from Ankara – $ 83 million, from Hatai – 67 million 622 thousand dollars and a burs – 44 million 597 thousand dollars;