Germany largest export market for Türkiye in Q1

ISTANBUL

Türkiye’s exports surged 54.3% on a country basis in the first quarter of this year, with the largest outbound shipments being to Germany with a worth of $4.9 billion.

Germany was followed by the US with $2.97 billion worth of Turkish exports in January-March, according to data compiled by Anadolu from the Turkish Exporters Assembly (TIM).

The third largest export destination was Italy with $2.9 billion, followed by the UK with $2.76 billion, France and Russia both with $2.48 billion, and Spain with $2.43 billion.

Türkiye’s exports amounted to $61.6 billion in January-March, a rise of 2.5% from the same period last year.

Exports to 13 countries exceeded $1 billion in the first quarter.

Turkish exports to Saudi Arabia skyrocketed by 755% year-on-year, hitting $611.8 million in the three months to March.

• Export market