Economy Turkey’s exports to Middle East rose 16.1% in January 2023 By Pramod Kumar February 20, 2023, 5:49 AM Reuters/Tatiana Meel Trade minister Mehmet Mus said the majority of the economic impact due to earthquakes was reflected in February and March Turkey’s exports to Middle East countries rose 16.1 percent year-on-year in January 2023 to reach $1.43 billion, according to Turkish Exporters Assembly data. Overall exports in January hit $19.38 billion, a 10.4 percent increase year-on-year, the Daily Sabah newspaper reported, citing the data. Turkey’s exports to the UAE reached $223.1 million, driven by the jewellery sector, which alone contributed $31.3 million. Exports to Saudi Arabia hit $202.8 million. The country’s exports touched $671.2 million to Iraq, $191.7 million to Iran, $54.9 million to Qatar, $45.4 million to Kuwait, $27.6 million to Oman and $14.3 million to Bahrain. Chemicals and products topped the list, with exports worth $2.3 million to Bahrain and $46.8 million to Iran. Other top sectors included grains, pulses, oilseeds and products. In addition, ready-made clothing and apparel exported to Kuwait reached $5.7 million, while the carpet sector saw exports worth $29.3 million to Saudi Arabia. Istanbul was the top exporter to the Gulf countries last month, with exports totaling $522.6 million, the newspaper said.
