Business · Trade · 1 hr ago
Turkey aims to raise trade share with OIC countries to 30% by 2028
Turkey aims to increase trade with OIC countries so they account for 30% of its total trade by 2028, Trade Minister Ömer Bolat said.
The goal concerns Turkey's trade with the 57-member Organisation of Islamic Cooperation, whose members span several regions.
Turkey's trade with OIC members reached about $108 billion in January–September 2026, up 8.2% from the same period a year earlier, according to Bolat.
Exports to those countries were about $55 billion in that period.
OIC members make up about 27% of Turkey's total trade, and the government wants to raise that share to 30%.
Trade among OIC members was about $979 billion in 2025, but represented around one-fifth of their combined external trade.
Bolat says Turkey wants closer trade and investment ties with member countries, including through a preferential trade system; the stated next goal is to reach the 30% share by 2028.
Turkey aims to raise the share of its exports going to member countries of the Organisation of Islamic Cooperation (OIC) from 27% to 30% by 2028.
Trade Minister Ömer Bolat announced the target at an OIC-related summit in Istanbul.
Turkey’s trade volume with OIC countries reached about $108 billion in January–September 2026, up 8.2% from the same period a year earlier, according to Milliyet.
Exports to those countries during the period were reported as $55 billion by Milliyet and $55.2 billion by Sabah.
Bolat said Turkey also wants trade ties with OIC countries to become more balanced, diversified and sustainable.
- Who
- Turkey, represented by Trade Minister Ömer Bolat, and OIC member countries.
- What
- Turkey aims to raise OIC countries’ share of its exports from 27% to 30% by 2028.
- When
- The target was announced on November 1, 2026, according to Sabah.
- Where
- At an OIC-related summit in Istanbul, Turkey.
- Why
- Turkey says it wants to strengthen economic and trade cooperation with OIC members and build more balanced, diversified and sustainable trade ties.
This story does not have two clearly opposing sides.
Turkey’s trade volume with OIC countries was reported at $87.5 billion by Milliyet and $87.6 billion by Sabah.
Turkey’s trade volume with OIC countries reached $119.1 billion, according to Sabah.
Turkey’s trade volume with OIC countries reached $108 billion, according to Milliyet, and $108.2 billion, according to Sabah.
Turkey aims to raise OIC countries’ share of its exports from 27% to 30%.
- Target
- Raise OIC countries’ share of Turkey’s exports from 27% to 30% by 2028
- Trade volume
- $108 billion in January–September 2026, according to Milliyet
- Trade growth
- 8.2% year-on-year in January–September 2026
- Exports
- $55 billion in January–September 2026, according to Milliyet
- Location
- Istanbul, Turkey
2 sources
What people are saying
We aim to raise member countries’ share of our exports to 30% in 2028
Our goal is not only to increase trade volume, but also to establish more balanced, diversified and sustainable trade relations.