TOP COMMODITIES EXPORTS FROM THE PHILIPPINES TO TURKEY

 Diplomatic relations were first held between the Philippines and Turkey way back on 13th June 1949. Since then, there is no turning back and year after year, the trade relations between countries are getting stronger and long-lasting. Many ceremonies and conferences are held between the nations to celebrate different events and benchmarks achieved by both countries due to their efforts. Recently a defense pact is signed by both nations to make the trade of defense items easier and smoother which mainly includes weapons, ammunition, machinery, and missiles.





WHAT WAS EXPORTED FROM THE PHILIPPINES TO TURKEY IN 2023?

Based on the details obtained from the Philippines Export Data of some past years, it is very well known that exports from the Philippines to Turkey in the year 2019, 2020, and 2021 were USD 54.03 million, USD 52.39 million, and USD 47.07 million respectively. Although the total exports are declining from the Philippines to Turkey, but at the same time, these exports included many crucial and necessary items and goods. Some of the major items that contributed the most to the Philippines Export Data to Turkey in the year 2021 were:

·        Eatables like fruits, nuts, and melons (USD 11.3 million)

·        Electric machines and their spare parts (USD 7.08 million)

·        Clocks and watches (USD 3.7 million)

·        Plastic items (USD 3.03 million)

·        Air and spacecraft along with their spare                                                                                   parts (USD 2.06 million)

On comparing these values with those of values of 2020, we get to know that exports of a majority of items have increased. For instance, in 2020, the exports of Edible fruits and nuts from the Philippines to Turkey went up by almost 38% (USD 8.2 million to USD 11.32 million). Additionally, to this, the Turkey Import Data also observed a massive increment in imports of plastic items by almost 376% from 2020 to 2021.

Although as per the Philippines Trade Data of recent years, the major export partners of the nation are as follows:

·        The United States (USD 118 million)

·        China (USD 115 million)

·        Japan (USD 107 million)

·        Hong Kong (99 million)

·        Singapore (41 million)

Turkey is also not behind in the list and hence, the trade relations between the two nations are growing and ready to touch new benchmarks and set records for other bilateral trade relations also.

CONCLUSION

Indeed, the bilateral trade between the Philippines and Turkey is very amazing and touching new heights. As observed, the trade went down a little during the pandemic years but now it is fueled up and ready to launch and grow. It is expected that exports from the Philippines to Turkey would take a major leap and grow with rapid speed in the coming years. So, it is the right opportunity for all those traders who belong to the Philippines and going to target the Turkish market in the near future.

FOR MORE SUCH ANALYTICAL REPORTS

If you want further analysis and the best advice about the Philippines Export Data or Import Export Data or Global Trade Data of any country, then get in touch with TradeImeX® Info Solution Pvt Ltd. We are the market leaders who provide accurate and reliable trade data from more than 70 countries like the Turkey Trade Data and also sell customized databases to our customers that are highly designed as per each customer’s needs and preferences.

For More info-

Philippines Import Data

Turkey Export Data

 

 

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