Skip to content Skip to Search
Skip navigation

Turkish exports to the UK hit all-time high

By Pramod Kumar
Water, Waterfront, Shipping Container Reuters/Tatiana Meel
The automotive sector led the way, with exports to the UK reaching $2.7 billion

Turkey’s exports to the United Kingdom reached a record high in the first eight months of 2024, according to official data.

Exports rose 11 percent year on year to $8.3 billion between January and August, Anadolu Agency reported, citing data from the Turkish Exporters Assembly.

The automotive sector led the way, with exports reaching $2.7 billion, up $602 million. Electrical products followed, valued at $1.1 billion.

Turkey’s total exports jumped to $171 billion in the first eight months of the year, rising 4 percent annually.

Germany was Ankara’s largest export market at $12 billion, followed by the US ($8.8 billion), the UK ($8.3 billion), Italy ($7.6 billion) and Iraq ($6.8 billion), the report said.

The Netherlands topped in terms of capital investment to Turkey at 20 percent during the first eight months, followed by the US (13 percent), Germany (10 percent), Ireland ( 9 percent), as well as Norway and the UK at 8 percent each.

Latest articles

Gulf airlines, Gulf airlines conflict, Gulf conflict risk, Gulf flights cancelled rerouted

Conflict risk leads Gulf airlines to cancel regional routes

Gulf airlines are among airlines that have cancelled and rerouted flights across the Middle East as the conflict between Iran and Israel escalates. They are avoiding Iranian airspace and many have cancelled routes entirely following a major missile attack by Iran against Israel on Tuesday. Immediately after the attacks about 80 flights operated by carriers […]

Taaleem's schools offer 'exclusive educational experiences' including access to high-tech equipment profits

Dubai school operator Taaleem increases profit by 55%

Dubai school operator Taaleem has reported revenue of AED945.2 million ($257.3 million) for its 2023-24 financial year – a 15.5 percent year-on-year increase. More student enrolments and the opening of new schools helped Taaleem to increase net profit before tax by 55 percent, to AED182 million, in the financial year ending August. Taaleem’s shares were […]

Shein IPO

Mubadala-backed Shein courts investors before London IPO

Chinese fashion retailer Shein, which is backed by the Abu Dhabi sovereign wealth fund Mubadala, is courting European investors before an initial public offering on the London Stock Exchange. Shein is due to hold informal meetings to answer questions and test the investment appetite of major investors in the coming weeks, before its planned IPO […]

Workers stand on a scaffold in Dubai. Building a high rise in the UAE can be as much as two thirds cheaper than in other major cities

Apartments in UAE among cheapest to build in the world

Building a standard residential high-rise in Dubai or Abu Dhabi is up to two-thirds cheaper than in other major global cities, thanks to land, labour and raw materials all costing much less. Land is up to three times cheaper in the UAE compared with the prices paid in New York, London, Hong Kong and Singapore […]