ISTANBUL, (HAN) — Turkey has sold $14.6 billion worth of goods to Africa over the past year, highlighting the growing trade ties between the two regions, according to a report released ahead of the Turkey-Africa Trade Forum.
The two-day forum, scheduled for Oct. 16-17, will be inaugurated by Turkish President Recep Tayyip Erdogan. The event will showcase the benefits both sides have gained from trade over the past year and aim to strengthen bilateral cooperation.
Turkey has found new market opportunities in Africa for its locally produced goods, while also importing essential African products to boost mutual trade benefits. African countries reportedly earned $7.7 billion from exports to Turkey, while Ankara benefited from $14.6 billion in sales, reflecting a rapid growth in commercial engagement.
Turkish exports to Africa include machinery, steel, electrical equipment, and food products such as flour, pasta, and cooking oil. In return, Turkey mainly imports agricultural equipment, which supports Turkish businesses. Officials say Ankara intends to expand these partnerships, prompting the organization of the two-day forum.
Countries targeted for expanded trade include Egypt, Morocco, Algeria, and Libya. Organizers say investments next year are expected to exceed current levels.
The forum, focused on economics and trade, is being hosted by President Erdogan, First Lady Emine Erdogan, and other senior officials. More than 4,000 African businesspeople are expected to attend, presenting products for trade and discussing ways to strengthen collaboration.
Turkey first entered Somalia in 2011 with humanitarian aid for drought-affected populations. Since then, bilateral relations have expanded into trade, military cooperation, and education.
