Trade Exchange Between Saudi Arabia and Turkiye Grow 73.7%
The trade volume between Saudi Arabia and Turkiye increased by 73.7% in June 2022, improving diplomatic and economic relations between the two countries.
According to data published by the General Authority for Statistics (Saudi Government Media Organization). Commercial activities between Saudi Arabia and Turkiye increased from $358 million in June 2021 to $622 million in June 2022.
While Saudi Arabia’s exports to Turkiye were 348 million dollars in June 2021. They increased by 74.4 per cent in June 2022 to 608 million dollars.
Turkiye’s exports to Saudi Arabia increased by 47.3%, reaching 14.4 million dollars after 9.8 million dollars.
While chemicals and minerals are Saudi Arabia’s most significant export to Turkiye. besides oil. Turkiye’s largest export to Saudi Arabia includes machines and mechanical devices. And electrical equipment.