27 April 2022•Update: 27 April 2022
RIYADH, Saudi Arabia
Saudi imports from Turkiye are expected to increase in the upcoming period amid improving ties between the two Islamic nations, according to Saudi sources.
Sources with the Council of Saudi Chambers said Turkish exports to the kingdom will acceleratory return to normal as soon as the two countries announce the restoration of their relations.
The sources confirmed that there is no Saudi ban on imports from Turkiye.
“The Turkish products have a good reputation in Saudi Arabia, the largest Arab market,” the sources said. “Turkish goods are still available in the local market."
According to data of the Saudi General Authority for Statistics, the kingdom’s imports from Turkiye rose by 2.8% in the first two months of 2022.
Data show that Saudi imports from Turkiye in January and February hit 71.3 million riyals ($19 million) compared to 69.4 million riyals ($18.5 million) in the corresponding period of 2021.
In 2021, the kingdom's imports from Turkiye dropped by 62.3% to 3.32 billion riyals ($886 million), down from 8.82 billion riyals ($2.35 billion) in 2020.
* Writing by Bassel Barakat in Ankara
