Turkey is one of South Africa’s largest trade and investment partner in Central and Eastern Europe. Bilateral trade volume between SA and Turkey increased by 39% and reached to US$ 669 million for the period of Jan-June 2011 which was US$ 482 million for the same period of 2010.
During Jan-June 2011, the top 20 South African export products to Turkey were as follows;
Gold; mineral fuels-mineral oils and product of their distillation; centrifuges; chromium ores and concentrates; Flat-rolled products of stainless steel; organic chemicals; ferro alloys; pig iron and spiegeleisen; residues & waste from the food industries; inorganic chemicals; Steam turbines and other vapour turbine; Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars; Steam or other vapour generating boilers; Wool and other animal hair; Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores; Electrical machinery and equipment; Tanning extracts of vegetable origin; Salt-sulpher-earths & stone; Unmanufactured tobacco; aluminum and articles.
In the first half of 2011, the top 20 products imported by South Africa from Turkey included the following;
Parts and accessories for tractors; Steel and iron bars and rods; carpets and other textile floor coverings; Motor cars and other motor vehicles designed for the transport of persons; Tractors; Dishwashing machines; New pneumatic tyres of rubber; Impregnated and coated fabrics textile articles; Organic surface-active agents; Paper products; Household or laundry type washing machines; Natural stones; Essential oils; Piston engine; Furniture; Electrical machinery; Iron and Steel wire, ropes, cables; Transmission shafts; non-woven special fabrics
In order to boost and facilitate trade and investment the following agreements were signed: