Analysis of Foreign Trade Between Turkey and Libya
Serkan DİLEK Nagmi M. Moftah Aimer Mustafa Khalifa Thawadi El
AbstractAlthough Libya which has rich oil and natural resources, State has problems in solving economic problems. Libya can’t use its potential in foreign trade and this affects wealth of citizens negatively. Also Turkey is a developing country which performs better performance especially after 2002 The exports and imports of Turkey have increased for last 15 years. The aim of this research is to investigate foreign trade between these two countries. To this aim we searched TUIK data about foreign trade of these two countries. It is revealed that the most important export items of Turkey are jewellery and parts, furnitures and poultry meat. The most important import items are gold, copper and petroleum gasses. Foreign trade between these two countries developed and reached maximum volume in 2013 However, conflicts in Libya affected foreign trade between them and decreased volume. Two countries can be in wealthier conditions by evaluating foreign trade opportunities between two countries. Turkish brands can use potentials and evaluate opportunities in Libya.