Turkey’s exports to Qatar surge 50% to reach $631mn in 2017

Turkey’s exports to the country have increased by $210mn to reach $631mn in 2017, almost 50% higher over 2016 on account of Qatar’s large food imports following the economic blockade last year, according to the Eastern Anatolian Exporters’ Association (DAIB). “The drastic increase in Qatar’s imports from Turkey is thought to be partly a result of the trade blockade imposed by other countries in the Gulf region,” DAIB said in a statement.  “Hence it is safe to say that following the blockade Turkish exporters managed to increase their market share in Qatar and Qatari importers managed to find new suppliers and create alternative trade routes to overcome the negative effects of the blockade,” it continued.
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Some of the Turkish products in supermarket shelves across Qatar. Turkey’s exports to the country have increased by $210mn to reach $631mn in 2017, almost 50% higher over 2016 on account of Qatar’s large food imports following the economic blockade last year, according to the Eastern Anatolian Exporters’ Association.

According to DAIB, Qatar’s imports from Turkey increased “in nearly all product groups” with food topping the list.  “Being a necessity product, it is not surprising to see Turkish products substituting goods originating from other Gulf countries. Hence, while Turkish food producers are expanding their market, Qatar ensures sustainable food supply from a dependable ally,” DAIB said.  To explore potential new business ventures with Qatari importers, Shedu Consulting & International Trade is bringing a trade delegation comprising major Turkish companies, who will be part of the ‘Food Cluster Qatar B2B Meetings’ on May 9 at the St Regis Doha.

Deniz Kutlu, managing partner and consultant at Shedu, told Gulf Times the meeting will gather eight food producers and traders from DAIB that aim to address the increase in demand of Turkish food items in the Qatari market. Representing more than 4,000 members based in Eastern Turkey, DAIB members either produce or trade agricultural and animal products, fresh and/or dried fruits and vegetables.  ‘Food Cluster Qatar’ follows a previous meeting composed of 11 members of the Kayseri Furniture Industrialists Association (Kaymos) who met with 65 representatives from 45 Qatari companies in October 2017. The B2B meetings were aimed at increasing the presence of Kaymos furniture manufacturers who are expecting to increase their presence in the Qatari market, said Kutlu, who noted that Turkey has a 5.8% share in Qatar’s furniture imports.
Figures provided by Kaymos chairman Yakup Deveci during the Doha leg of the ‘Qatar-Kuwait Trade Delegation Visit’ last year, showed that Qatar’s furniture imports from the international market stood at $469mn in 2016 and registered a 2.5% annual increase between 2012 and 2016.
Sources and photo-credits: Gulf Times