Turkey in Africa – Issue 14

0
378

TURKEY-AFRICA: $179 Billion in Trade Over the Past 10 Years

Over the 2009-2018 period, Turkey exported $121 billion to African countries, while it imported $58 billion.

The volume of trade between Turkey and the African continent reached $179 billion over the period 2009-2018.

According to information crossed by the Anadolu Agency (AA) correspondent, since 2005 and the announcement of Turkey’s new policy towards Africa, economic exchanges with the
continent’s countries have accelerated sharply.

The increase in the number of destinations served by the Turkish national airline Turkish Airlines (THY) and the installation of new embassies on the continent have contributed significantly to this growth in trade.

According to figures from the Turkish Statistical Institute (TUIK), trade between Turkey and the African continent reached $179 billion over the period 2009-2018.

A significant portion of this trade, or $117.5 billion (66%), is with North African countries.

Over the same period, Turkey exported $121 billion to Africa, while it imported $58 billion from the countries of the container.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



Photo Source