ISTANBUL, Jun 25 (APP): The growing relations between Türkiye and Italy were reflected positively in Turkish exports to the EU country despite ongoing uncertainties in the global economy over trade protectionism and tensions in the Middle East.
The 4th Italy-Türkiye Intergovernmental Summit was held in Rome on April 29 with the participation of Turkish President Recep Tayyip Erdogan and Italian Prime Minister Giorgia Meloni, during Erdogan’s visit to Italy.
The Turkish president said at the summit that the two countries’ cooperation in the defense field has made significant progress, as they become strong allies.
Turkish exports to Italy rose 7.5% year-on-year in January-May to $5.3 billion, while exports in May climbed 8% on an annual basis to $1.1 billion, according to the Turkish Exporters’ Assembly (TIM).
Turkish exports to Italy accounted for 4.8% of the country’s total exports in the first six months of the year, while Türkiye’s total exports rose 3.5% year-on-year to $110.9 billion and 2.7% in May to $834.1 million.
The auto industry made up the largest portion of Turkish exports to Italy, accounting for $1.3 billion in January-May, followed by chemical products and chemical goods with $777 million, ferrous and non-ferrous metals with $472.5 million, steel with $456.1 million, and textiles and raw materials with $327 million.
Auto exports fell 5.6% and textiles and raw materials 1.8% during the same period, while chemical products and chemical goods rose 14.6%, ferrous and non-ferrous metals 37.4%, and steel 9.4%.
The highest exports from Türkiye to Italy originated from Istanbul, making up $1.8 billion, followed by the northwestern provinces of Kocaeli and Bursa with $727.4 million and $514.6 million, respectively, Izmir with $327.2 million, and Ankara with $208.2 million.
