Commercial and Economic Relations between Turkey and Czech Republic

In 2018, bilateral trade between Turkey and the Czech Republic amounted to 3.65 billion USD (Turkish exports: 1.001 billion USD; imports: 2.65 billion USD). The common target for the bilateral trade volume has been set as 5 billion USD.

Main items of Turkey’s exports to the Czech Republic consist of motor cars, parts and accessories for motor vehicles, jewellery articles and food preparations, while main items of Turkey’s imports from the Czech Republic include motor vehicles, parts and accessories for motor vehicles, centrifuges and live bovine animals.

Turkey’s total amount of foreign direct investments in the Czech Republic reached 18 million USD between 2002 and 2018, whereas the Czech foreign direct investments in Turkey during the same period was 623 million USD.

Energy plays the role of a locomotive in our bilateral investment relations. Czech companies are primarily interested in the energy sector; hence, Czech investments in Turkey are predominantly focused on this area. There are also Czech firms in the pharmaceutical sector.

Last session of the Joint Economic Commission between the two countries took place in Ankara in April 2015.

Over 228 thousand Czech tourists visited Turkey in 2018, an increase by 181 % compared to the previous year.