Business · Trade · 19 hrs ago
Türkiye-South Korea trade reached $8.7 billion in the first nine months
Türkiye and South Korea traded $8.7 billion in goods in the first nine months of the year.
Their trade reached $11.4 billion in 2025, and the two countries aim to raise it to $15 billion.
President Recep Tayyip Erdoğan is expected to visit South Korea this month for talks on their relationship.
The planned discussions cover energy, defence, transport, infrastructure, technology, culture and tourism.
A free trade agreement has been in place since 2013, with agreements on services and investment taking effect in 2018.
Türkiye exported $920.3 million in goods to South Korea in the first nine months, led by pharmaceutical products worth $321.8 million.
The talks are intended to strengthen cooperation across several sectors, while 133,604 South Korean visitors travelled to Türkiye during the same nine-month period.
Türkiye and South Korea recorded $8.7 billion in trade during the first nine months of 2026.
Their trade volume was $11.4 billion in 2025, and the two countries aim to raise it to $15 billion.
President Recep Tayyip Erdoğan is expected to visit South Korea in November, with talks set to cover cooperation in several sectors.
Türkiye exported $920.3 million worth of goods to South Korea in the first nine months of 2026, led by pharmaceutical products.
South Korea sent 133,604 tourists to Türkiye from January to September 2026.
- Who
- Türkiye and South Korea.
- What
- Bilateral trade reached $8.7 billion in the first nine months of 2026.
- When
- January to September 2026.
- Where
- Between Türkiye and South Korea.
- Why
- The article reports trade figures amid efforts to develop cooperation between the two countries.
This story does not have two clearly opposing sides.
The framework and goods trade agreements under the Türkiye-South Korea free trade agreement took effect.
The free trade agreement’s services trade and investment agreements took effect.
Bilateral trade was $6.8 billion.
Bilateral trade reached $10.1 billion.
Bilateral trade reached $11.4 billion.
Bilateral trade reached $8.7 billion.
- Trade, January–September 2026
- $8.7 billion
- Trade, 2025
- $11.4 billion
- Trade target
- $15 billion
- Türkiye's exports to South Korea, January–September 2026
- $920.3 million
- Leading export category
- Pharmaceutical products, $321.8 million
- South Korean tourists to Türkiye, January–September 2026
- 133,604