Türkiye to increase exports to Russia, Central Asia due to low demand in Europe

Turkish exporters plan to supply their products to Russia, the countries of Central Asia and the Middle East due to the losses they are suffering in Europe, the Turkish business circles’ newspaper Dünya said, reported from TASS.

According to the paper, Europe remains the main market for Türkiye, accounting for about 45% of its exports, but the economic downturn on the continent, caused by global and regional reasons, has recently resulted in losses for Turkish manufacturers of ready-made garments, clothing and textile industries, exceeding 10%.

While developing plans to export to European countries by 2028 as its main market for goods and services, Türkiye is intensifying efforts in other areas, the newspaper cites the opinion of representatives of the country’s business circles.

"Exports of ready-made clothing to the EU countries, which is our main market, decreased from 70% to 59%. We are focused on filling the vacuum caused by the lack of demand in the EU market by supplying to Russia, the Middle East, and the Gulf countries. In particular, we expect exports to Russia to increase in 2024,” noted Ramazan Kaya, Chairman of the Board of the Union of Finished Products Manufacturers of Türkiye.





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