Abstract
References
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- Tepecikliogu, E. E. (2017). Economic Relations between Turkiye and Africa: challenges and prospects. Journal of Sustainable Development Law and Policy (The), 8(1), 1-33.
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Abstract
This article offers a comprehensive analysis of the economic and trade relations between Djibouti and Turkiye from 2003 to 2022, utilizing data from various reputable sources such as the World Bank, World Integrated Trade Solution (WITS), Observatory of Economic Complexity (OEC), and Trading Economics databases. Despite their longstanding economic ties, the partnership between the two countries has gained considerable momentum in recent years. The study examines the upsurge in bilateral trade between Djibouti and Turkiye, with a particular emphasis on the primary products exchanged between the two nations. Our findings demonstrate that Djibouti has consistently experienced a negative trade balance with Turkiye throughout the period under review, which indicates a higher import volume from Turkiye than export. Specifically, the trade deficit was 2022 when Djibouti's imports from Turkiye surpassed its exports by over $548 billion, respectively. Nonetheless, despite the persistent trade deficit, Djibouti's exports to Turkiye have been on the rise in recent years, with a noteworthy increase observed in 2021 and 2022. This suggests that Djibouti may be diversifying its export markets and seeking alternative destinations for its products, including those beyond its traditional trade partners.
Keywords
References
- Ademola, O. T., Bankole, A. S., & Adewuyi, A. O. (2016). China-Africa trade relations: Insights from AERC scoping studies. The power of the Chinese dragon: Implications for African development and economic growth, 69-97.
- Antonucci, D., & Manzocchi, S. (2006). Does Turkiye have a special trade relation with the EU?: A gravity model approach. Economic Systems, 30(2), 157-169.
- Gul, A. (2014). Analyzing Pakistan's Trade Opportunity with Turkiye. The Lahore Journal of Economics, 19, 349.
- Habibi, N. (2012). Turkiye and Iran: Growing economic relations despite western sanctions. Middle East Brief, 62(4).
- Hassan, S. M. (2022). A Causal Analysis on Foreign Trade and Economic Growth: The Case of Somalia. Available at SSRN 4217228.
- Hassan, S. M. (2022). Comparison of Somalia and the East Africa Community in Terms of Economy and Competition. Available at SSRN 4259594.
- Ibraimov, S. (2009, February). China-Central Asia Trade Relations: Economic and Social Patterns. In China & Eurasia Forum Quarterly (Vol. 7, No. 1).
- Kizilarslan, A. G. (2009). Economic Relations Between Turkiye and African Countries. Turkish and African Civil Society Organizations, 19-27.
- Martin, M. F. (2010, May). US-Vietnam Economic and Trade Relations: Issues for the 111th Congress. LIBRARY OF CONGRESS WASHINGTON DC CONGRESSIONAL RESEARCH SERVICE.
- Mastanduno, M. (1985). Strategies of economic containment: US trade relations with the Soviet Union. World Politics, 37(4), 503-531.
- Quilliam, N. (2020). Saudi Arabia, the UAE and Turkiye: The political drivers of ‘stabilisation’. Stabilising the Contemporary Middle East and North Africa: Regional Actors and New Approaches, 139-161.
- Şimşek, N., Şimşek, H. A., & Zhanaltay, Z. (2017). Analysis of bilateral trade relations between Turkiye and Russia Federation. Bilig, (83), 1-26.
- Tepecikliogu, E. E. (2017). Economic Relations between Turkiye and Africa: challenges and prospects. Journal of Sustainable Development Law and Policy (The), 8(1), 1-33.
- Tvalodze, S. (2016). Georgia-Turkiye Trade Relations-Challenges and Opportunities.
- Wang, D. (2010). China's trade relations with the United States in perspective. Journal of Current Chinese Affairs, 39(3), 165-210.
- Yalcin, E., & Felbermayr, G. (2021). The EU-Turkiye Customs Union and trade relations: what options for the future. Policy Department, Directorate-General for External Policies, European Parliament's Committee on International Trade.
Details
| Primary Language | English |
|---|---|
| Journal Section | Research Article |
| Authors | |
| Publication Date | August 1, 2023 |
| Published in Issue | Year 2023 Volume: 10 Issue: 3 |
