Updated
Updated · Daily Sabah · Jun 14
Türkiye's Exports to Ukraine Jump $339.6 Million to $656.6 Million in May
Updated
Updated · Daily Sabah · Jun 14

Türkiye's Exports to Ukraine Jump $339.6 Million to $656.6 Million in May

1 articles · Updated · Daily Sabah · Jun 14

Summary

  • $656.6 million in Turkish goods went to Ukraine in May, up $339.6 million from a year earlier and the biggest value increase among Türkiye’s export markets.
  • War damage to Ukraine’s energy and infrastructure systems lifted demand for Turkish industrial, technology and energy equipment, sustaining stronger economic ties despite the Russia-Ukraine war.
  • Chemicals led Türkiye’s May exports to Ukraine at $89.1 million, followed by electrical and electronics at $64.3 million and steel at $52.4 million; electrical and electronics posted the largest sector increase at $19.7 million.
  • Ukraine outpaced Slovakia, Morocco, Norway and Nigeria in export growth, while Germany remained Türkiye’s top overall May destination at $1.5 billion, ahead of the U.S. at $1.2 billion.

Insights

How is Türkiye profiting from both sides of the Russia-Ukraine war?
Are Turkish firms making a risky bet on Ukraine's reconstruction?
Is Türkiye's backdoor trade with Russia rendering Western sanctions ineffective?