Türkiye’s exports to two major markets, the United States and Germany, which again took the lion’s share in the country’s foreign sales, increased to record levels in 2022.

Exports to the U.S. reached a record level of $14.3 billion last year, meanwhile, sales to Germany increased by 6.9% in 2022 compared to the previous year and reached $18.9 billion, reaching an all-time high, according to an Anadolu Agency (AA) report Tuesday, which cited data by the Turkish Exporters Assembly (TIM).

While Germany is the most important trade partner of Türkiye, which maintains its records in exports, Germany is among the countries with the highest number of foreign companies in the country, with around 7,600 companies.

Germany was followed by the U.S. with $14.3 billion, a historical peak, the United Kingdom with $12.2 billion, Italy with $11.2 billion and Iraq with $10.4 billion.

While Türkiye’s exports increased by 11.8% to the U.S., a 5.3% increase was recorded in exports to Italy and 16.4% to Iraq.

The country’s exports decreased by 7.2% to the United Kingdom.

U.S. exports

While Türkiye remains a center of attraction for world brands, the increase in investment and trade with the U.S. has enabled Türkiye to obtain more effective results in its foreign sales to the country.

The U.S. demand for Turkish products peaked as U.S. companies headquartered in the country and operating in Türkiye expanded their commercial activities.

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