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Türkiye dominates trade with Developing-8 nations as volume nears $130B over 5 years

A 3D motion image shows a freight train transporting containers bearing Türkiye’s national flag, accessed on June 15, 2025. (Adobe Stock Photo)
A 3D motion image shows a freight train transporting containers bearing Türkiye’s national flag, accessed on June 15, 2025. (Adobe Stock Photo)
June 15, 2025 12:41 PM GMT+03:00

Türkiye carried out a total of $126.6 billion in foreign trade with members of the Developing-8 (D-8) Organization during the 2020–2024 period, according to official data.

The D-8 group includes Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and most recently Azerbaijan, which joined the bloc as a full member in 2023.

Established under Türkiye’s leadership in 1997, the D-8 aims to strengthen economic ties among member states with shared historical and cultural backgrounds. The organization has expanded its efforts across various sectors, including trade, industry, technology, and transportation.

Türkiye posts trade surplus with most members

According to the Turkish Statistical Institute, Türkiye exported goods worth $60.7 billion to D-8 countries and imported $65.9 billion between 2020 and 2024. While Türkiye ran an overall trade deficit during these five years, it recorded bilateral trade surpluses with several countries.

Türkiye’s largest export market among D-8 members was Egypt, with outbound shipments totaling $19.7 billion, compared to $14.5 billion in imports. This resulted in a $5.2 billion trade surplus for Türkiye and a total trade volume of $34.3 billion with Egypt.

Surpluses were also registered in Türkiye’s trade with Iran ($2.5 billion), Azerbaijan ($7.6 billion), Pakistan ($1.8 billion), and Nigeria (approximately $3 billion).

In the first 4 months of 2025, Türkiye’s exports to D-8 nations amounted to $4.1 billion, while imports stood at $5.4 billion, resulting in a trade volume of $9.5 billion.

Türkiye dominates trade with Developing-8 nations as volume nears $130B over 5 years
Türkiye dominates trade with Developing-8 nations as volume nears $130B over 5 years

Defense and disaster cooperation with Indonesia

Türkiye and Indonesia have expanded their collaboration through agreements in defense and emergency management. Notably, Türkiye will export 48 domestically produced KAAN fighter jets, developed by Turkish Aerospace Industries (TAI), with plans to involve Indonesian manufacturing capabilities. The two countries also signed a memorandum on joint efforts in disaster response.

In this photo illustration, Turkish flag is displayed on a mobile phone screen in front of the Indonesian flag and Turkish national fighter jet KAAN display in Ankara, Türkiye on July 10, 2024. (AA Photo)
In this photo illustration, Turkish flag is displayed on a mobile phone screen in front of the Indonesian flag and Turkish national fighter jet KAAN display in Ankara, Türkiye on July 10, 2024. (AA Photo)

Broader cooperation between member states

Türkiye continues to strengthen partnerships with other D-8 nations in key sectors. In Egypt, cooperation spans railways, agriculture, energy, and defense, including the joint production of unmanned ground vehicles.

With Iran and Azerbaijan, energy agreements remain central, particularly in natural gas transit and exchange. Türkiye also supports infrastructure projects in Malaysia, Nigeria, and Pakistan by providing construction materials and technology.

June 15, 2025 12:41 PM GMT+03:00
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