Turkey's exports to OPEC countries see sharp increase in 2012
Turkey's exports to OPEC countries increased by 74 percent in 2012 when compared with the previous year and reached nearly $38 billion. (Photo: Cihan)
Turkey's exports to Organization of the Petroleum Exporting Countries (OPEC) nations increased by 74 percent in 2012 when compared with the previous year and reached nearly $38 billion, according to data from Turkey's statistics authority.
Exports to the 12 OPEC nations accounted for 25 percent of Turkey's overall sales abroad as the country ran a surplus of $17.6 billion, which marked a fivefold increase over 2011, the Anatolia news agency reported on Saturday, citing statistics from the Turkish Statistics Institute (TurkStat).
Among OPEC countries Iraq claimed the biggest share from Turkish exports with $10.8 billion in goods and services, which was followed by Iran with $9.9 billion and by United Arab Emirates with $8.1 billion.