Remarkable Growth of Trade Exchange Between Saudi Arabia and Turkey by 73.7%
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25 Aug 2022

Remarkable Growth of Trade Exchange Between Saudi Arabia and Turkey by 73.7%

The volume of trade exchange between Saudi Arabia and Turkey increased by 73.7% during June 2022, amid improved diplomatic and economic relations between the two countries.

According to data from the General Authority for Statistics (a Saudi government body) issued on Wednesday 24/8/2022, trade exchange between Saudi Arabia and Turkey has risen to $622 million in June 2022, from $358 million in June 2021.

A Significant Rise in Exports Between the Two Countries

In the same context, Saudi Arabia's exports to Turkey increased by 74.4%, recording $608 million in June 2022, compared to $348 million in the same month of 2021.

Turkey's exports to Saudi Arabia rose 47.3% to $14.4 million, from $9.8 million.

The most prominent non-oil exports of Saudi Arabia to Turkey are chemicals and metals, while machinery, automatic devices and electrical equipment lead Turkish exports to Saudi Arabia.

Trade Exchange Between Saudi Arabia and Turkey

 

Edited by Tebadul International Trade

Source: Anadolu Agency

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