Kyiv and Ankara are interested in expanding bilateral trade and aim to increase mutual trade by more than 1.5 times – from $6.2 billion in 2024 to $10 billion, First Vice Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko said after a meeting with Turkish Trade Minister Omer Bolat.
“Last year, imports from Ukraine to Turkey amounted to $2 billion, and the total trade volume between our countries reached $6.2 billion. The overall goal is to increase this figure to $10 billion, in particular, by expanding the already significant trade in agricultural products, as well as other sectors,” Svyrydenko wrote on social network X from Ankara.
“There was an exchange of ideas with our contractors on projects in the priority areas of Ukraine’s reconstruction. Our development of relations with Ukraine in every sphere will also be a driving force for us in rebuilding the country,” Bolat said in turn.
According to Svyrydenko, the two sides also discussed how Turkish companies can access financial instruments to support Ukraine’s reconstruction efforts.
She also thanked the minister for his decision to ensure maximum access for Ukrainian vessels to Turkish ports.
“In March, we expect a Turkish delegation to visit Ukraine to further deepen cooperation between our private sectors in rebuilding our country,” the First Deputy Prime Minister concluded.
According to the State Statistics Service, in 2024, exports from Ukraine to Turkey decreased by 6.8% compared to 2023, to $2.21 billion, while imports from Turkey decreased by 10.2%, to $4.24 billion. Turkey’s share in Ukraine’s exports of goods last year was 5.3%, and in imports – 6.0%. Only China, Poland, and Germany had a larger share.
The main items of Ukrainian exports to Turkey in 11 months of 2014 are cereals ($0.65 billion, +12.7% compared to 11 months of 2013), fats and oils – $0.35 billion (-56.1%), oilseeds – $0.22 billion (-31.8%), ferrous metals – $0.16 billion (+84.5%).
Over 11 months of 2014, Ukraine imported the most from Turkey: oil and mineral fuels – $0.55 billion (-7.7%), ferrous metals – $0.46 billion (+28.6%), electrical machinery – $0.23 billion (-9.3%), edible fruits and nuts – $0.20 billion (+17.7%), boilers, machinery – $0.20 billion (+3.3%).
