Karanfil: Turkish exports to Libya reach $2.5 billion; a 65% increase from 2022

Turkey’s exports to Libya increased by 64.9% in 2021 compared to the previous year and reached 2 billion 443 million dollars. This figure has been recorded as the second highest export figure to Libya. With this figure, it received a share of 1.06 percent from Turkey’s total exports, according to the Chairman of the Foreign Economic Relations Board, Murtaza Karanfil.

Karanfil said while Turkey achieved the second highest export figure to Libya in 2021, the top exporting sectors were chemicals and products with $332 million, followed by furniture, paper and forestry products with $298.1 million, and jewelry with $281.8 million.

Exports in December, on the other hand, reached $238.9 million with an increase of 75% compared to the same period of the previous year. The most chemicals, furniture and jewelry were exported to Libya.

“This sector increased its exports by 31.9 percent on an annual basis. Furniture, paper and forest products with 298.1 million dollars, jewelry with 281.8 million dollars, cereals, pulses, oilseeds and products with 251 million dollars, and products with 246.5 million dollars.” According to Karanfil.

He added that clothing and apparel sectors followed suit, saying that exports to Libya were 170.8 million dollars in electricity and electronics, 146.3 million dollars in steel, 127.5 million dollars in ferrous and non-ferrous metals, 96.9 million dollars in carpets, 86 million in machinery and accessories, 55.6 million dollars in cement, and 54.3 million dollars in the automotive industry.

“Jewelry exports increased by 435%. Our trade volume should be at least 10 billion dollars.” Karanfil stated, saying that the sector with the most remarkable increase in exports last year was jewelry with 435.3%, and added that there was a rapid acceleration in bilateral relations after the maritime jurisdiction areas agreement signed between the two countries.


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