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<\/p>\nT\u00fcrkiye’s bilateral trade with Malaysia increased in the first 10 months of the year, with exports rising 52% year over year to $509.5 million (TL 21.69 billion), driven by efforts to strengthen commercial relations and to focus on developing cooperation in trade and tourism.<\/p>\n
T\u00fcrkiye aims to deepen cooperation with Malaysia, a country included in its “Far Countries Strategy,” in trade, tourism, defense and investment, among other areas.<\/p>\n
The trade volume between T\u00fcrkiye and Malaysia rose 11.6% year over year in the first 10 months of the year to $4.3 billion, according to a recent Anadolu Agency (AA) report citing official data from the Turkish Statistical Institute (TurkStat).<\/p>\n
In 2024, trade between the two countries totaled $4.9 billion.<\/p>\n
Following President Recep Tayyip Erdo\u011fan\u2019s visit to Malaysia on Feb. 10-11, Turkish exports to the country began to trend upward. During his visit, some 11 agreements were signed between the two countries, reflecting positively on trade figures.<\/p>\n
Deals on energy, trade, scientific research and defense exports to Malaysia came to the fore.<\/p>\n
Erdo\u011fan and Malaysian Premier Anwar Ibrahim announced an increase in the bilateral trade target from $5 billion to $10 billion at a joint news conference.<\/p>\n
Erdo\u011fan said technology transfer and joint production projects had created momentum in the Turkish defense industry and would continue, with firms ready to share their know-how and products with Malaysia to benefit both countries.<\/p>\n
Meanwhile, the number of tourists arriving from Malaysia to T\u00fcrkiye rose 11% year over year in October, reaching 82,315, according to data from the Culture and Tourism Ministry.<\/p>\n
The number of tourists from Malaysia is expected to exceed 100,000 by the end of the year, if the upward trend continues.<\/p>\n
<\/p>\n
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