Trade Turkish exports to the UK hit all-time high By Pramod Kumar September 13, 2024, 5:10 AM 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. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
