Turkish companies' exports to 18 countries, including the US, China, Japan, Pakistan and Australia, within the scope of the "Far Countries Strategy" increased by 9.2 percent on an annual basis in the January-September period of this year, reaching 20.1 billion dollars.
Within the scope of the “Far Countries Strategy”, Turkish companies’ exports to 18 countries, including the USA, China, Japan, Pakistan, India and Australia, increased by 9.2 percent on an annual basis in the January-September period of this year, reaching 20.1 billion dollars.
The Russia-Ukraine War, which has been going on for nearly three years in the north, Israel's attack on Palestine in the south, the possibility of this situation spreading to the entire Middle East, and the economic recession in Europe have directed Turkish exporters to new markets.
In this context, the “Far Countries Strategy”, which was implemented by the Ministry of Trade in order to obtain a greater share from the imports of 18 countries that constitute more than half of the world economy, has become even more important for Turkish exporters, and exporters have established closer contacts with the countries in question within the framework of this strategy. These steps by Turkey were also reflected in export figures.
Exports to 18 countries exceeded 20 billion dollars
According to a compilation by AA correspondent from data from the Ministry of Trade and the Turkish Exporters Assembly (TIM), exports to 18 countries, including distant countries such as the US, China, Japan, Pakistan, India and Australia, increased by 9.2 percent on an annual basis in the January-September period of this year, reaching 20 billion 293 million 325 thousand dollars. In the same period last year, exports to these countries were worth 18 billion 578 million 826 thousand dollars.
USA ranks first in exports
While the USA ranked first with exports of 9 billion 798 million 724 thousand dollars, exports to this country constituted 48 percent of exports to 18 countries.
The USA was followed by China with 2 billion 302 million 562 thousand dollars, Canada with 1 billion 115 million 180 thousand dollars, Mexico with 933 million 931 thousand dollars and India with 914 million 300 thousand dollars.
The country with the highest increase in exports in the first nine months of the year was Pakistan with 76.1 percent. This country was followed by Brazil with 26.9 percent, Australia with 24.5 percent, Mexico with 21 percent and Chile with 16.1 percent.
Most chemicals were sold to the USA
When we look at the sub-items of exports to the US in the January-September period of this year, we see that the “chemical substances and products” sector ranked first with $1.2 billion. This sector was followed by the “automotive industry” with $885 million 979 thousand and the “ready-made clothing and apparel” sector with $644 million 580 thousand.
When we look at the sub-items of exports to China, the top three sectors were "mining products" with 1.3 billion dollars, "chemical substances and products" with 421 million dollars and "iron and non-ferrous metals" with 118 million dollars.
When the sub-items of exports to Canada, which was the third country with the highest exports in the January-September period, were examined, the “steel” sector ranked first with 322 million 817 thousand dollars. This sector was followed by “chemicals and products” with 99 million 584 thousand dollars and “furniture, paper and forest products” with 77 million 147 thousand dollars.
The Remote Countries Strategy, implemented by the Ministry of Commerce in 2022, covers the USA, Australia, Brazil, China, Indonesia, the Philippines, South Africa, South Korea, India, Japan, Canada, Malaysia, Mexico, Nigeria, Pakistan, Chile, Taiwan and Vietnam.