Expectations of Saudi Arabia -Turkey Trade Relationships To Return Soon
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27 Apr 2022

Expectations of Saudi Arabia -Turkey Trade Relationships To Return Soon

The Council of Saudi Chambers of Commerce indicated its expectations of a rise in the country's imports from Turkey in the coming period. Sources in the Council confirmed to Anadolu Agency that the volume of imports of Turkish products will return to normal rapidly as soon as the official announcement of the return of relations between the two countries.

The sources denied an official Saudi decision to ban imports from Turkey. It is worth noting that the volume of imports of Turkish products to the Kingdom has fallen to the lowest level in recent years due to the political crisis between the two countries, caused by the incident of Saudi journalist Jamal Khashoggi at his country's consulate in Istanbul.

The news comes as Turkish President Recep Tayyip Erdogan's upcoming visit to Riyadh, Saudi Arabia, this week will follow the return of good relations between the two countries.

In the same regard, the Kingdom's imports from Turkey increased by 2.8% during January and February this year, with imports in January and February amounting to $19 million compared to $18.5 million in the same period last year.

The kingdom's imports from Turkey in 2020 (before the crisis) reached $2.35 billion, while in 2021 this figure fell to $886 million, a decrease of 62.3%.

Turkey's Exports To Saudi Arabia

 

Edited by Tebadul International Trade

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