Import and Export in Turkey

About The Imports and Exports Market In Turkey The annual export of Turkish goods is worth $139 billion, and currently, the country ranks as the 25th world’s largest export economy. Learn more about import and export business, The Turkish market has maintained an incredible comeback over the past years in the import and export industry. This has encouraged the investors and traders to set up their companies in Turkey for participating in this market with a big opportunity for higher profits and returns. Turkey is known as an important destination for imported goods in many major countries such as Germany, Russia, Italy, France, and China. The main destinations of Turkish exports are Germany, UK, Iraq, Italy, and France, where many different products such as refined oil, automobiles, iron ore, car parts, and trucks are exported each year. Turkey’s exports in October 2018 reached the highest monthly level in Turkish history. The value of Turkish exports reached $15,732,000, in the last month, with an increase of 13.1% compared to the same period of 2017, as stated by Turkish Minister of Trade Mrs. Ruhsar Pekcan in a news conference held in the south of Ankara. In the same context, the Ministry of Commerce and the Turkish Statistics Agency pointed out that Turkish exports increased during September by 22.4% as compared with the same month last year. The value of Turkey’s exports during September reached $14.456.000.000. These figures represent a massive leap from the situation of about 15 years ago. This is in the interest of achieving the goal set by the Turkish government to become one of the top ten economies in the world by 2023. Examples of some goods exported by Turkey Metals: copper, iron, mercury, manganese. Agriculture and food: cotton, figs, grapes, olives, wheat flour, barley, tomatoes, apples, vegetables. Industry: textile industry, animal and vegetable oils, plastic materials, raw wood and its products, household tools and accessories of all kinds, sugar, cement, tires, auto parts.