• Export Gateway To Africa
  • 2-4 December 2021
Time Left

News

Why the African market?

Organized by CNR Holding subsidiary, Istanbul Trade Fairs, and carrying the Turkish economy forward in the international market, the exhibition will take place at CNR Expo Istanbul Expo Center between April 8-11, 2021.  
 
 
 
Why does CNR Holding prefer the African market? Here are the reasons point by point:
 
• Turkey’s export to Africa in 2019: 15.8 billion dollars
 
• The volume of Turkey’s export to Africa has increased more than 4 billion dollars in the last 3 years. 
 
• With the world’s youngest and fastest-growing population of 1.3 billion, Africa offers reciprocal investment opportunities. 
 
• Turkey is ranked among the top 10 countries in UDEAC with its 11.6-billion-dollar import. UDEAC (Economic Community of Central African States), Central African Republic, Cameroon, Congo,  Chan, Equatorial Guinea, Eastern African Community are the countries with the highest percentage growth. 
 
• Turkey’s export to COMESA in 2019: 6.4 billion dollars
 
• Despite the shrinkage in the world, the Eastern African Community is the region with the highest percentage growth. 
 
• Turkey is ranked among the top 10 countries in COMESA with its 164.9 billion-dollar import. 
 
• 4.8% GDP growth in the region in the last 2 years 
• African Continental Free Trade Agreement (AfCFTA) creates more opportunities for new market penetration. 
 
• With the world’s youngest and fastest-growing population of 1.3 billion, Africa offers reciprocal investment opportunities. 
 
• Africa’s direct investments to Turkey in the last 15 years exceed 391 million dollars. 
 
• GDP growth rates of COMESA, UDEAC, ECOWAS, EAC per capita is over 3%.