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Turkey Export Data

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Turkey Export Data

Turkey, a transcontinental country located at the crossroads of Europe and Asia, has been experiencing significant economic growth in recent years.

In the year 2023, Turkey is expected to continue its upward trend in exports and maintain its position as one of the top exporters in the world. Currently, Turkey ranks as the 27th largest exporter globally, with a total export value of $177 billion in 2021. With a steady growth rate of over 5% each year, it is estimated that by 2023, Turkey's export rank will climb up to at least within the top 20 countries.

The gross domestic product (GDP) is used as a measure of economic growth in any given country. It represents the market value of all final goods produced within a country in a given period. For Turkey,the GDP has been increasing steadily since early 2000s when it was only $231 billion; by end this year it’ll be around $1 trillion dollars according to World Bank data. By year end-2022, Turkey's GDP is expected to continue its upward trend and reach approximately $1.5 trillion by 2023.

Turkey's total export value in 2018 was $168 billion. This number is projected to reach $250 billion by 2023, representing a substantial growth of nearly 50%

Turkey's top exports include machinery and mechanical appliances, textiles and clothing, vehicles and transportation equipment, iron and steel products, electrical machinery and appliances, among others. In terms of destination countries for these exports, Germany remains Turkey’s biggest trading partner followed by Iraq and United Kingdom. However,in recent years there has been a significant rise in trade between China and Turkey making China one of the top trading partners for Turkish goods.

Istanbul, the country's largest city, is also the top business hub in Turkey. It serves as an important trade gateway for Europe and the Middle East, making it a prime location for businesses to thrive. Other major business cities in Turkey include Ankara, Izmir, Bursa, Gaziantep, Kocaeli and Antalya. These cities are known for their industrial strength and play a significant role in driving Turkey's economy forward. With a growing population and increasing investments, these cities are poised to become even more prominent business centers in the coming years.

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Turkey Export Customs Trade Data Shows Top 10 Importing Products In 2019 – Analysis By Chapter

  • 10.5% - Vehicles with a value of US$ 26.8 billion
  • 5.38% ($13.7 billion) are in HS CODE - 2710:Oils from bituminous minerals, not crude; NEC preparations containing at least 70% petroleum oils or oils from bituminous minerals
  • 4.51% ($11.5 billion) market for HS CODE - 8703:Other motor vehicles designed primarily for personal transportation (other than those of heading 87.02), including station wagons and racing cars
  • 3.27% ($8.38 billion) market for HS CODE - 7113:Jewellery made from precious metals or metals clad with precious metals
  • 2.82 % ($7.23 billion) market for HS CODE- 8708:Parts and accessories for motor vehicles of HS CODES 87.01 to 87.05
  • 2.19 % ($5.61 billion) market for HS CODE -8704:Transport vehicles for goods
  • 1.69% ($4.32 billion) market for HS Code -7108:Unwrought, semi-manufactured, or powdered gold (including gold plated with platinum)
  • 1.4% ($3.68 billion) is allocated to 8544 HS CODE - Insulated electric conductors (including enameled or anodised wires, cables, coaxial cables and other insulated electric conductors, regardless of whether they have connectors attached; optical fibre cab
  • 1.4 percent ($3.59 billion): HS CODE - 6204 - Suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib overalls, breeches, and shorts (other than swimwear)
  • 1.05% ($2.68 billion): HS CODE - 6109:T-shirts, singlets, and vests knitted or crocheted

Turkey Export Global Trade Data Shows Top 10
Trading Partners of Turkey

  • A share of 8.24% (21 billion US dollar) comes from Germany
  • A share of 5.79% (14.8 billion US dollar) comes from USA
  • A share of 4.99% (12.7 billion US dollar) comes from Iraqi
  • A share of 4.87% (12.4 billion US dollar) comes from United Kingdom
  • A share of 4.84% (12.3 billion US dollar) comes from Italy
  • A share of 4.26% (10.9 billion US dollar) comes from Russia
  • A share of 4.02% (10.2 billion US dollar) comes from France
  • A share of 3.82% (9.77 billion US dollar) comes from Spain
  • A share of 3.35% (8.59 billion US dollar) comes from United Arab Emirates
  • A share of 3.07% (7.87 billion US dollar) comes from The Netherlands

Turkey Export Data Sample

THE POWER OF TURKEY EXPORT DATA: HOW IMPORT GLOBALS PROVIDES VALUABLE INFORMATION FOR BUSINESSES

 

The Turkey Export Data provided by Import Globals contains a wealth of information for both Turkey exporters and foreign importers. One important aspect of this data is the company names involved in the export transaction. This includes the name of the Turkish exporting company as well as the foreign importing company, providing important identification for both parties.

In addition to company names, the Turkey Shipments data provided by Import Globals also includes a detailed HS code description for each exported product. The Harmonized System (HS) code is an internationally recognized system used to classify traded goods. It provides a standardized way of identifying products and their corresponding duties and taxes, making it essential for international trade.

The Product Description section of the Turkey Export Trade Data provides further details about each exported product, including its characteristics and intended use. This information can be crucial for foreign importers who need to understand what they are purchasing from Turkey exporters.

Another vital aspect included in the Turkey Export Custom Data of Import Globals is the destination country of goods. This provides insight into which countries are importing goods from Turkey and in what quantities. For Turkey exporters looking to expand their market reach, this information can be invaluable.

Similarly, the origin country of goods is also listed in this Turkey Statistics data, giving an overview of where products originate from before being exported from Turkey. This can help foreign importers ensure that they are receiving authentic products and can also provide valuable insights into global trade patterns.

Product value and quantity are two key pieces of information that highlight the economic impact of exports on both countries involved in a transaction. Knowing how much each product is worth and how many units were exported allows for better analysis and decision-making when it comes to international trade partnerships.

Import Globals confirms another crucial element found in this Turkey Data is the port of loading where goods were shipped out from Turkey along with port of destination, where goods were reached. This helps track logistics movements and allows both parties to monitor shipping times accurately.

Import Globals comprehensive Turkey Export Data offers an extensive range of critical information necessary for analyzing trade trends between Turkey and foreign countries. With detailed company names, HS code descriptions, product details, destination and origin countries, product value and quantity, and ports of loading, port of discharged etc.. listed for each export transaction, this data is an essential tool for businesses involved in global trade.

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