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Turkish Exports to BRICS Countries Reach $18.2 Billion

Accra:Turkish exports to BRICS member countries totaled $18.2 billion in the first nine months of the year, as reported by the Turkish Exporters' Assembly (TIM).

According to Anadolu Agency, Russia emerged as the largest destination for Turkish exports among the BRICS nations, receiving $4.1 billion worth of goods despite a 2.5% decrease from the previous year. The BRICS group consists of Brazil, Russia, India, China, South Africa, and the newly joined Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates.

Following Russia, the UAE was the second-largest importer of Turkish goods within the BRICS countries, with imports valued at $3.3 billion, although this marked a 4.12% drop in volume. Egypt saw a significant increase in imports from Turkey, rising 28.6% to $3.1 billion. China also experienced a substantial surge, with Turkish exports climbing 40.8% to $3 billion. Iran was the fifth-largest destination, accounting for $1.8 billion in Turkish exports.

Remarkably, Turkish exports increased in eight out of the ten BRICS countries, with Ethiopia witnessing the highest growth rate of 79.6%.

The chemicals and chemical products sector led Turkish exports to the BRICS countries, generating $3.5 billion. The mining sector saw a 33.5% increase, reaching $2.1 billion, while jewelry exports decreased by 45% to $1.3 billion. Textiles and raw materials exports rose by 8.7% to $1.2 billion.

Turkey's top five exporting provinces—Istanbul, Ankara, Izmir, Kocaeli, and Bursa—contributed a combined total of $12.5 billion to the BRICS exports. Istanbul was the largest contributor, with $8.2 billion, followed by Ankara at $1.9 billion, Izmir at $1 billion, Kocaeli at $703 million, and Bursa at $658 million.