Al-Marsad newspaper – dpa: The Council of Saudi Chambers of Commerce expects the kingdom’s imports from Turkey to rise in the near future, in the latest sign of improving relations between two of the largest Islamic countries.
Today, Wednesday, the Turkish News Agency quoted sources in the Council of Chambers of Commerce that the import of Turkish goods by merchants will return to normal at an accelerated pace, as soon as the official announcement of the return of relations to normal.
The Kingdom’s imports from Turkey rose by 2.8% in the first two months of 2022, according to data from the Saudi General Authority for Statistics.
The value of imports in January and February reached 71.3 million riyals ($19 million), compared to 69.4 million riyals ($18.5 million) in the corresponding period of 2021. This comes after the Kingdom’s imports from Turkey declined in 2021 by 62.3%, to 3.32 billion riyals ($886 million) compared to 8.82 billion riyals ($2.35 billion) in 2020.