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Turkey's food exports to China increase 86% in first ten months

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Christian Fernsby ▼ | November 8, 2019
Turkey food
Asia   Turkey food

Turkey's food exports to China, one of the country's biggest export markets, saw a considerable jump in the first 10 months of 2019, according to data released the Aegean Exporters' Association (EI.B).

Topics: Turkey food

While food exports from January to October 2018 to the East Asian nation valued $110 million, exports exceeded $205 million in the same period this year, marking an 86% surge year-on-year.

Turkey is expanding its efforts to grab a larger share of this huge target market, particularly in the wake of Beijing's broad pledges to continue to open China's market to Turkish products.

The Turkish business community has been keeping a close eye on China, organizing many business trips to the country in order to boost trade in recent years.

The trade volume between Turkey and China, which stood at $1.1 billion in 2001, reached $23.6 billion as of 2018, according to official data.

Despite the importance of the Chinese market for Turkish commercial efforts, the bilateral trade volume has been more in favor of China, with Turkey's imports standing at over $20 billion, compared to nearly $3 billion in exports in 2018.

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