Trade relations between Taiwan and Turkey have grown rapidly in recent years. Bilateral trade volume has approximately doubled in the last decade and was valued at around USD 2.5 billion in 2021.
Taiwan is an important trading partner of Turkey and cooperates particularly in the electronics, plastics, metal products, pharmaceuticals and textiles sectors. At the same time, cooperation in the tourism sector between the two countries has also strengthened.
There are many opportunities to support the development of trade relations between Turkey and Taiwan. In particular, Turkey’s energy, agriculture, construction and tourism sectors could attract Taiwan investors. Moreover, the potential for cooperation between Taiwan’s advanced technology and Turkey’s natural resources is high.
In conclusion, trade relations between Taiwan and Turkey are getting stronger day by day and it is believed that cooperation between the two countries will develop further. The increase in bilateral trade volume will contribute to the strengthening of economic and cultural relations between the two countries.