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 indicates a steady rise in demand for Turkish goods across the Islamic world, spanning multiple sectors including manufacturing and agriculture. Regional economic integration The latest figures are significant for UAE businesses and regional investors as they indicate the scale of Turkish trade flowing…