Ankara targets 30% export share for Islamic nations as trade volume climbs

Türkiye’s exports to the 57 member states of the Organisation of Islamic Cooperation (OIC) reached $41.5 billion during the first seven months of 2026, according to data released by the Ministry of Trade on Tuesday, 25 August. The figure represents a year-on-year increase of $345.7 million compared to the same period in 2025. Total foreign trade volume between Türkiye and OIC nations grew by 2.2% during the January–July window, totaling $69.2 billion. The growth follows the implementation of Ankara’s specific strategy for OIC market expansion, which is a core component of the government's 2026–2028 Medium Term Programme. Trade targets and export share The Ministry of Trade confirmed that OIC member states currently account for 27% of Türkiye’s total global exports. Under the current economic framework, the government aims to increase this share to 30% by the end of 2028. This targeted growth relies on the Strategy for Developing Exports with OIC Members, which focuses on deepening commercial ties with regional partners. The trade balance remains a key focus for Ankara as it seeks to diversify its export destinations amidst shifting global economic conditions. The 2026 data…