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Turkey’s Export Volume To Qatar Goes Up By 84% Post Crisis

Photo: The Peninsula

Qatar has been relying heavily on Turkey for the food and other essential supplies ever since the crisis broke out, which has in turn boosted Turkey’s export to Doha. The trade volume to Qatar has increased by 84% during the June-August period, compared to the same period in 2016.

Turkish exports to Qatar for the said three months stood at $165 million. The value of Turkish exports to Qatar rose by 75 percent year-on-year and touched $65m, in August.

Food and meat products; electric and electronic products; building materials and furniture make up the major share of Turkish exports to Qatar during the period.

The reports show that Turkey’s exports to Qatar jumped to $52.4m in June, from $36.2m recorded in the pre-blockade month of May 2017.

Qatar and Turkey signed 15 new agreements in August relating to Food and construction sectors and also the pharmaceutical industry. The bilateral trade volume between the countries reached $600m in the first half of this year.

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