Turkey's Export Landscape: the Key Exports to Iraq
- Nov 13, 2024
Turkey's Export Landscape: the Key Exports to Iraq
The strong economic partnerships and the increasing demands of Iraq from the manufacturing authorities of Turkey mainly because of its quality equipped services and better trade infrastructure are the significant reasons behind the positive outgrowth of exports from Turkey. From 2020 onwards Iraq has recorded itself as the second largest export trade destination of Turkey with export revenue of worth 8.7 billion US dollars following Germany. The competitive pricing and primary quality of the products leads to a rapid evolution of economic stability.
The introduction of different AI-equipped machines in the manufacturing sectors and the increasing investment of government authorities in the trade management sector have led to a total export trade value of 16 billion US dollars to Iraq in 2023. Mechanical equipment, vehicles, and some other automotive goods accompanied by textiles are the nation's dominating exports, accounting for almost half of the total export revenue.
What Are the Top 10 Exports of Turkey to Iraq in 2023?
According to the Turkey Export Data, the stable partnership of the trade management authorities of both nations has grown stronger with time which has led to an increasing rank among the global export traders worldwide. The leading ones with the values of export in 2023 are,
1. Machinery and Mechanical Appliances - Export value- 13 billion US dollars
2. Vehicles - Export value- 11 billion US dollars
3. Electrical Machinery - Export value- 9 billion US dollars
4. Iron & Steel Products - Export value- 8 billion US dollars
5. Chemicals - Export value- 7 billion US dollars
6. Textile Yarns & Fabrics - 6 Export value- billion US dollars
7. Food Products - Export value- 5 billion US dollars
8. Ceramics - Export value- 3 billion US dollars
9. Miscellaneous chemical products- Export value- 2.4 billion US dollars
10. Plastics - Export value- 1.5 billion US dollars
Unveil the Crucial Exporting Factors: Top 10 Exporting Companies
According to the Turkey Customs Data, the evolutionary initiatives taken by the government authorities have led to a tremendous growth of Turkey's exports to Iraq, the leading companies with the valuation of exports in 2023 are,
1. Tofas - Valuation of total exports from Tofas of Turkey in 2023 - 15 billion US dollars.
Top 5 Exports
• Fiat Egea
• Fiat Doblo
• Fiat Panda
• Jeep Compass
• Fiat 500X
2. Vestel - Valuation of total exports from Vestel of Turkey in 2023 - 13 billion US dollars.
Top 5 Exports
• Televisions
• Home appliances
• Air conditioners
• Smartphones
• Kitchen Gadgets
3. Turkcell - Valuation of total exports from Turkcell of Turkey in 2023 - 9 billion US dollars.
Top 5 Exports
• Mobile and Internet services
• IT solutions
• Mobile devices
• Digital payment solutions
• Software and application development
4. Eczacibasi Holding - Valuation of total exports from Eczacibasi Holding of Turkey in 2023 - 8 billion US dollars.
Top 5 Exports
• Skincare products
• Pharmaceuticals
• Ceramics
• Industrial goods
• Healthcare essentials
5. OYAK Renault - Valuation of total exports from OYAK Renault of Turkey in 2023 - 6.5 billion US dollars.
Top 5 Exports
• Renault Clio
• Renault Megane
• Renault kangoo
• Renault Talisman
• Renault traffic van
6. Arcelik - Valuation of total exports from Arcelik of Turkey in 2023 - 5.8 billion US dollars.
Top 5 Exports
• Refrigerators
• Washing machines
• Dishwashers
• Air conditioners
• Kitchen Appliances
7. Turk Telekom - Valuation of total exports from Turk Telekom of Turkey in 2023 - 4.8 billion US dollars.
Top 5 Exports
• Data center services
• Software solutions
• Consulting and technical services
• Cybersecurity solutions
• Telecommunication services
8. Mavi Jeans - Valuation of total exports from Mavi Jeans of Turkey in 2023 - 3.5 billion US dollars.
Top 5 Exports
• Denim jeans
• Denim jackets
• T-shirts and tops
• Casual pants
• Shorts and skirts
9. Anadolu Efes - Valuation of total exports from Anadolu Efes of Turkey in 2023 - 3 billion US dollars.
Top 5 Exports
• Beer
• Malt beverages
• Specialty and Craft beers
• Soft drinks
• Alcoholic beverages
10. Eti Maden (Mining Industry) - Valuation of total exports from Eti Maden of Turkey in 2023 - 2 billion US dollars.
Top 5 Exports
• Boron products
• Sodium perborate
• Colemanite
• Ulexite
• Borax Decahydrate
FAQ’s
Que. Who is the top exporting company of Turkey in 2023?
Ans. Tofas is the top exporting company of Turkey in 2023.
Que. What are Turkey's top export products in 2023?
Ans. Mechanical appliances are the top export products of Turkey in 2023.
Que. What is the export trade value of Turkey to Iraq in 2023?
Ans. The export trade value of Turkey to Iraq in 2023 is 16 billion US dollars.
Que. Where can you get the detailed trade analysis of Turkey and Iraq trade in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Turkey and Iraq trade in 2023.
