Imports from Turkey Rocket

Turkey almost tripled its exports to Libya last year, reports Libya Herald.

$2.1 billion of Turkish food, clothing and industrial supplies were sent to Libya, up 186 percent from the $747 million in 2011, according to the Turkish Statistical Institute, making Libya one of the top countries for Turkish business.

In December alone, the value of imports was $248 million, up 96 percent from the same month in 2011.

Before the revolution, the main imports from Turkey were industrial products, including machinery, tools, and semi-finished products, along with consumer goods and foodstuffs, according to Turkey’s Ministry of Foreign Affairs.

Oil accounts for almost all Libyan exports to Turkey. Ankara has a deal to buy a million tonnes of Libyan oil a year. However, because international sanctions have forced it to reduce its purchases of Iranian oil, it has been looking to Libya to make up the shortfall.

(Source: Libya Herald)

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