Turkish exports to Saudi Arabia have experienced a remarkable surge following the normalization of relations between the two countries. According to data from the Turkish Exporters Assembly (TIM), exports to Saudi Arabia have increased by over 600% during the January-April period, reaching a total of $780.5 million. In comparison, exports to Saudi Arabia in the same period last year amounted to $107.4 million.
Saudi Arabia ranks 22nd among Turkey's top export destinations, accounting for approximately 1% of the country's total exports over the four-month period. The leading countries for Turkish exports in the same timeframe were Germany ($6.3 billion), the USA ($3.9 billion), Italy ($3.8 billion), the United Kingdom ($3.6 billion), and Spain ($3.2 billion).
Saudi Arabia's significant growth in exports was only surpassed by the Russian Federation, with an increase of $1.7 billion, making it the top destination for Turkish exports in terms of value during the period.
The carpet industry emerged as the leading sector in Turkish exports to Saudi Arabia, with exports amounting to $109.5 million. Other prominent sectors included cereals, pulses, oilseeds, and related products ($81.3 million), chemicals and products ($77.9 million), ready-made clothing and apparel ($66.9 million), and electrical and electronics sectors ($56.7 million).
The main Turkish cities contributing to these exports were Istanbul ($336.2 million), Gaziantep ($120.8 million), Ankara ($48.4 million), Hatay ($44.7 million), and Bursa ($28.6 million).
Overall, the remarkable growth in Turkish exports to Saudi Arabia reflects the positive outcome of the improved relations between the two countries.