Most exports in the first quarter were made to Germany

Turkey's exports by country in the first quarter rose to $54.3 billion, with the highest exports to Germany with $4.9 billion and the United States with $2.97 billion. According to information compiled from the Turkish Exporters Assembly (TIM) data, Turkey's exports increased by 2.5 percent in the first quarter to $61.6 billion. This figure was recorded as the highest exports of all time for the January-March period. Exports to countries also amounted to $54 billion 317 million. The highest exports in the first quarter were to Germany with $4 billion 877 million. Exports to Germany increased by 0.4 percent compared to January-March 2022. Germany was followed by the United States with $2.97 billion, Italy with $2.9 billion, the United Kingdom with $2.76 billion, France and Russia with $2.48 billion, and Spain with $2.43 billion. During the period in question, exports to Iraq were $2.05 billion, to the Netherlands $1.67 billion, and to Israel $1.46 billion. 5 of the top 10 countries with the most exports were in the EU. 13 countries exceeded $1 billion Exports to 13 countries exceeded $1 billion in January-March 2023. The other countries outside the top 10 were Poland, Romania, and the United Arab Emirates. Bulgaria and Belgium's imports from Turkey also approached the $1 billion limit. During the period in question, the number of countries to which exports were made worth $100 million or more was recorded as 76. Notable increases in Saudi Arabia, Mali, and Russia Among the 76 countries to which exports were made worth $100 million or more in the first quarter of the year, the highest increase was recorded in Saudi Arabia. During the period in question, exports to Saudi Arabia increased by 755.1 percent to $611.8 million. Saudi Arabia was followed by Mali ($120.3 million) with 540.9 percent and the Russian Federation ($2.48 billion) with 133.4 percent. The increase rate was 124.1 percent in Malta, 102.6 percent in Kazakhstan, 94.7 percent in Switzerland, 76.8 percent in Belarus, 49 percent in Ukraine and 42.2 percent in Kyrgyzstan. Of the 76 countries to which exports of $100 million or more were made in the first quarter, 23 saw double-digit increases, while countries such as Japan, Mexico, Hong Kong and Djibouti were among the other markets where increases occurred.