Turkey in the first quarter of this year sharply increased export of products in the UAE and Saudi Arabia.
The Middle East market is one of the priorities of Ankara’s economic policy, whose special attention is attracted by export potential in the UAE and Saudi Arabia.
An important step towards increasing the supply of Turkish products to the Emirates was the signing of an agreement on a comprehensive economic partnership between Turkey and the UAE, as well as establishing contacts between large companies of the two countries.
According to the Turkish exporters (TIM) assembly, Turkish export in the UAE, according to the results of the first quarter of this year, increased by 262 million $ 262 million and reached $ 23 million compared to January-March 2022. P>
Export to Saudi Arabia also increased by $ 906 thousand $ 541 million to 611 million 816 thousand dollars.
Saudi Arabia occupies the second, and the UAE – fourth place in terms of growth in the supply of Turkish products abroad in price terms. And in terms of exports of the UAE, it is located at 13, Saudi Arabia – to 21 positions.
The share of the UAE in the export basket of Turkey was 1.7 percent, Saudi Arabia – 1 percent.