site.btaEconomy Minister: Turkiye Ranks Among Leading Markets for Bulgarian Goods

Exports to Turkiye accounted for 6.7% of Bulgaria's total exports in 2024, making the country one of the leading export markets for Bulgarian goods. These data confirm the significant growth potential that exists in the trade cooperation between Bulgaria and Turkiye, Minister of Economy and Industry Petar Dilov said on Tuesday during the first event in Bulgaria organized by the Turkiye Exporters Assembly (TIM), in cooperation with the Bulgarian Chamber of Commerce and Industry (BCCI) and the Bulgarian-Turkish Chamber of Commerce and Industry (BULTISAD) and with the support and coordination of the Commercial Counselor of the Turkish Embassy in Sofia.

According to Dilov, Turkiye is one of the leading and key foreign trade partners of Bulgaria. "The two countries have very good neighbourly and partnership relations. The geographical proximity and the potential of the Turkish economy and market predetermine the high economic activity between the business representatives," Dilov said. He backed up his words with statistics, according to which in 2024 bilateral trade reached a kind of peak and amounted to a record high of EUR 7.7 billion, registering an increase of 15% compared to 2023.

The minister expressed his belief that there is much more to be done to deepen the economic relationship and for companies from both sides to build new partnerships.

Investments of Turkish companies in Bulgaria are in all sectors of the economy and are related to the construction of transport and energy infrastructure, construction of housing, commercial and office buildings, glass industry, production of parts and components for the automotive industry, production of aluminum products, food, textile and chemical industries, Dilov noted.