The target for Turkey-South Korea trade is 15 billion dollars

It is aimed to develop cooperation with South Korea, which is within the scope of Türkiye's "Distant Countries Strategy", from trade to tourism, from investment to defense industry.

In this context, President Recep Tayyip Erdoğan is planned to visit South Korea.

It is expected that all aspects of bilateral relations will be discussed during the talks to be held within the scope of the visit.

It is expected that steps that will improve cooperation in the fields of energy, defense industry, transportation, infrastructure, high technology, culture and tourism will be discussed during the meetings.

Within the scope of the free trade agreement (FTA) between Turkey and South Korea, framework and goods trade agreements regarding the gradual liberalization of trade in goods entered into force on May 1, 2013, and services trade and investment agreements entered into force on August 1, 2018.

While Türkiye-South Korea trade volume was around 6.9 billion dollars in 2013, it increased to 8.2 billion dollars in 2014. The trade volume in question was recorded as approximately 7.3 billion dollars annually on average in the 2015-2019 period.

The trade volume of the two countries followed a stable course in the 2020-2023 period. In this context, the trade volume, which was 6.8 billion dollars in 2020, increased to 8.6 billion dollars in 2021, 10.1 billion dollars in 2022, and 10.5 billion dollars in 2023.

While the trade volume between the two countries was recorded as 10.2 billion dollars in 2024, it increased to 11.4 billion dollars in 2025.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)