Turkey has unveiled an ambitious plan to boost exports to Muslim-majority countries, with a particular focus on strengthening trade ties with Gulf states. The “Export Development Strategy with Islamic Countries,” spearheaded by the Ministry of Trade, aims to increase Turkey’s export share to Islamic nations from 26% to 30% in the coming years, according to a report by Turkey Today.
The strategy, outlined in the Ministry’s 2024 Corporate Financial Situation and Prospects Report, examined trade and economic data from 55 member states of the Organisation of Islamic Cooperation (OIC). The report identifies 21 key target markets for the first phase, including Azerbaijan, the UAE, Saudi Arabia, Egypt, and Qatar. These countries present promising growth opportunities, particularly in the agricultural and industrial sectors, where Turkey aims to focus its efforts.
To achieve these goals, the plan includes enhanced promotion and marketing campaigns, as well as initiatives to solidify Turkey’s position within global value chains. This strategy is seen as a cornerstone of Ankara’s foreign trade policy, which seeks to deepen export ties with Muslim-majority countries and contribute to broader economic growth objectives.
Trade Minister Omer Bolat has emphasized that the strategy aims for full implementation by 2028. Turkey’s exports have already seen a notable increase, with a record $22.1 billion in exports last month, marking a 2.4% rise compared to the same period last year.
| GDP (nominal) | Capital | Head of State | Head of Government | GDP (nominal) per capita | GDP (PPP) | GDP (PPP) | GDP (PPP) per capita |
|---|---|---|---|---|---|---|---|
| Turkey | Ankara | Recep Tayyip Erdoğan | Recep Tayyip Erdoğan | 1.154.600 | 13.384 | 3.810.000 | 41.888 |
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