Turkey Import Data

Turkey Import Data

Turkey is a major player in the global trade market, with its strategic location between Europe and Asia making it an ideal hub for international trade. As a result, Turkey has consistently been one of the top importers in the world, importing a wide range of products from various countries.

Turkey has been steadily climbing the ranks as one of the top importers in the world, and it is expected to continue this trend in 2023. Turkey is set to become the 9th largest importer globally by 2023. This is a significant jump from its current ranking of being the 14th largest importer.

In line with its increasing import rank, Turkey's total import value is also predicted to see a significant rise in 2023, Turkey's total imports are projected to reach $299 billion by then.The main imports of Turkey include machinery and equipment, fuels and minerals, chemicals and transport equipment. With a strong demand for these goods domestically as well as regionally, we can expect Turkish imports in these sectors to continue on an upward trend.

Turkey has been rapidly growing over the past few years and is projected to continue this trend in 2023. With a thriving industrial sector and a large consumer market, Turkey's GDP is expected to reach $1.5 trillion by 2023. This growth can be attributed to various factors such as government initiatives promoting foreign investment and a skilled workforce.

In 2023, Turkey's top foreign exporters were Russia, China, Germany, United States, and Italy. These five countries accounted for over 40% of Turkey's total imports. One major player is Russia. Despite political tensions between the two countries, Russia has been steadily increasing its exports to Turkey over the past few years. In fact, Turkish imports from Russia reached a record high in 2023.

Turkey Import Customs Trade Data Shows Top 10 Importing Products In 2023 – Analysis By Chapter

  • 8.29% ($30 billion) of HS Code 7108 : In unwrought or semi-manufactured forms, or in powder form, gold (including gold plated with platinum)
  • 5.66% ($20 billion) of HS Code 2710 - Oils derived from bituminous minerals, not crude; preparations containing 70% or more petroleum oils; waste oils
  • 5.02% ($18.1 billion) of HS Code 8703 - Station wagons and racing cars (other than those of heading 87.02) are motor vehicles designed to transport people
  • 2.1% ($7.6 billion) of HS Code 7204 - Scrap iron and steel; remelting scrap ingots of iron and steel)
  • 1.98% ($7.17 billion) HS Code 8708 - Motor vehicle parts and accessories, headings 87.01 to 87.05
  • 1.52% ($5.52 billion) of HS Code 2701 - Solid fuels such as coal, briquettes, ovoids, etc
  • 1.28% ($4.66 billion) of HS Code 8517 - Including cordless telephone sets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.13% ($4.1 billion)of HS Code 7601 - Aluminum in its unwrought state
  • 1.01% ($3.67 billion)Flat-rolled iron or non-alloy steel products with a width of 600 mm or more, unplated, unclad, or uncoated

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

  • Russia dominates with a share of 12.6% (45 billion US dollar)
  • Germany dominates with a share of 7.92% (28 billion US dollar)
  • China dominates with a share of 12.4% (44 billion US dollar)
  • Special categories dominates with a share of 6.78% (24 billion US dollar)
  • USA dominates with a share of 4.36% (15.7 billion US dollar)
  • Italy dominates with a share of 4.14% (14.9 billion US dollar)
  • France dominates with a share of 3.19% (11.5 billion US dollar)
  • UAE dominates with a share of 3.18% (11.5 billion US dollar)
  • Spain dominates with a share of 2.62% (9.48 billion US dollar)
  • Switzerland dominates with a share of 5.5% (19.9 billion US dollar)

Turkey Import Data Sample

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

 

Turkey is a major player in the global import market, with a diverse range of products and industries. With its strategic location between Europe and Asia, Turkey has become an important hub for international trade. As such, keeping track of the country's import data is crucial for businesses looking to enter or expand in the Turkey market.

The IMPORT GLOBALS TURKEY IMPORT CUSTOMS DATA is a comprehensive collection of information that includes valuable insights into the country's import activities. TURKEY IMPORT DATA provided by Import Globals contains detailed records on goods imported into Turkey from foreign countries, including their origin, quantity, value, and more. It also contains essential information about the companies involved in these transactions – both the Turkey importers and foreign exporters, HS Code, product description.

One of the most significant features of this Turkey Import Data is its inclusion of company names of Importers and Exporters. This allows businesses to identify potential partners or competitors in the Turkey market easily. By having access to this information, companies can make more informed decisions when it comes to entering or expanding in Turkey.

Import Globals Turkey import data also includes a detailed description of each product being imported into Turkey. This allows businesses to have a better understanding of what type of products are in demand in the Turkish market and which ones they should consider importing.

The value of the product is another essential piece of information provided in Import Globals Turkey Import Data. This value reflects the worth of each imported item in US dollars, giving businesses an idea of how much money they can potentially earn or save by importing from Turkey. It also helps them determine if a particular product is financially viable for their business.

Furthermore, knowing the quantity of each imported product can provide valuable insights for businesses. It allows them to track trends in demand for certain products over time and adjust their strategies accordingly. For instance, if there is an increase in quantity for a particular item, it may indicate a growing demand for that product in Turkey's market.

In addition to company names, the Import Globals Turkey Customs Data also includes specific details about where these imports originate from and where they depart from before arriving at Turkey ports. The port of loading and departure are essential pieces of information that help businesses plan their logistics accordingly. By understanding which ports are most frequently used for different types of imports, companies can optimize their supply chain process and reduce costs.

Import Globals Turkey Import Data provides businesses with all the essential information needed to make well-informed decisions about importing goods from this country. With the HS code, product description, value, and quantity of each imported item at their disposal, businesses can streamline their operations and achieve success in the highly competitive global market.

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