Homepage / ECONOMY / In all sectors, Turkey shines with great export potential
Olive oil exports breaking records 568 EIB member exporters received green passports New investment incentives approved “Important links established in China” Top business association supports reforms Basic economic problems and solutions American market demands more Turkish seafood Turkish cherry on its way to China “We need to work on organic products in the Japanese market.” Turkish natural stone splendor in Xiamen Turkey’s brand in exportation: Aegean Exporters’ Association Excellence of accommodation at a sanctuary of tranquility: CUNDA HOTEL Baltali’s philosophy: “We produce with maternal sensitivity” A guide to enjoy the life at Nortern Aegean: Ayvalık Akhisar’s rooted company offers high quality and wide range of products:Alhatoğlu Olive Oil Akhisar Commodity Exchange will introduce Turkish olive and olive oil to international markets Turkey’s tourism revenue up nearly 20 percent in 2017 Arab investors’ interest in Torbalı Turkey to support entrepreneurs in clean technology Turkish textile sector made 74 thousand $ per minute export Number of technoparks in Turkey rises to 71 Reform package to boost Turkey’s investment environment Turkish online gaming sector to reach $2 billion by 2020 Turkish Marble Sector gathered in Muğla for environment In all sectors, Turkey shines with great export potential Italian pianist Libetta to perform with Turkish pianist Onay Nearly 330 thousand visitors enjoy balloon ride in Cappadocia Izmir awarded as “eco-friendly” city A giant breakthrough from İzeltaş Global bridal fashion sector met in İzmir Domestic tourism surges 16.1 pct in 2017 Q3 Fiat Egea: Turkey’s most preferred model Turkey’s exports surge in January Export record in January from Aegean companies Tarakçıoğlu: More than 40 Turkish firms will show up at Foodex Japan Getting ready for MODEKO fair, furniture sector exported 120 M$ from Aegean region “Kaya: The Turkish mining sector will continue its upward trend in 2018” “Now the world wıshes to be here” Aegean export champions received awards 10 percent of fresh fruit and vegetable sector exports will carried by air cargo Turkish fishermen are ambitious to enter US market Turkish TV series made 350M $ export 1.5B $ export from leather sector Denizli towels’ new target market: US Turkey’s largest agriculture fair opens in Izmir Zeybekci: Turkey’s growth may be in double-digit in Q3 Vardarcı Makina focusing on R&D operations Turkey’s tourism earnings to reach $30 billion in 2018 Turkey plans direct Treasury transfers to lure more investments A journey of taste from Bulgaria to Ayvalik Turkey’s potential in agro-food sector and export capacity Four Turkish cities among top tourist destinations Turk Eximbank becomes full member of Asian Exim Banks Forum EU raises Turkey’s growth forecast Erdoğan & Elon Musk discuss Tesla cooperation with Turkish firms Özgener: 2018 exportation expected to reach 1B $ Turkey will reach its export target of $ 156.5 billion Seyyar: We expect the rise to continue in 2018 Tarakçıoğlu: Our trading is not affected by regional developments Kaya: We are in a position which we can go beyond the goals of 2023 Galiko: Our export performance is fine despite crises Celep: Exports worth 3 billion dollars is our goal for the year 2023 Kızılgüneşler: We target 1,3B $ export in 2018 Limited production, high quality: CMRT Olive Oil Excellent olive oil from excellent olives Russia agrees to import 50,000 tons of Turkish tomatoes in December Moscow Exchange to start trading Turkish Lira, Japanese yen in 2018 Turkey’s industrial production rises 5.2 percent year-on-year Menkur Tarım picks and processes high quality chestnut and cherry Exportation of cereals, pulses, oil seeds and products in Turkey Aegean fishermen making three thirds of the Turkey’s seafood exportation Olive oil exportation of Turkey breaking records Tobacco and products sector in Turkey Advantages of Turkey as a major food exporter “The most reliable product can be bought from Turkey.” Follow the stands of the Turkish firms for the innovations in the food and beverage sector Demand for Turkish dry fruits increase Baltali’s philosophy: “We produce with maternal sensitivity” Turkey’s advantages for producing fresh fruits Shining star of tourism and agriculture: ÖDEMİŞ Turkey’s exports rose 12 percent in August Turkey’s industrial production up in July The first ship to export dried figs will set sail on October 11 Turkish, Israeli companies engage in big diamond trade “Investments started to recover and foreign demand is strong” Turkish PM indicates $300B investment in 10 years ANFAŞ General Manager Özer’s call for FoodProduct: Don’t be late! 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In all sectors, Turkey shines with great export potential

The country’s foreign trade volume reached $390.84 billion during 2017, marking a 14.56 percent annual increase. Turkey is the world’s largest exporter of woven carpets, construction iron, radiators, women’s suits, blouses and shirts





Turkey continues to realize the highest integration with the global economy and markets in the field of goods trade. With this integration Turkey became the 25th largest exporter of the world in 2017. Turkey continues its efforts to reach the target of 500 billion dollars of export that it has set for year 2023. The 2023 export strategy that has been implemented in this framework constitutes a significant road map for foreign trade.


Turkey’s exports between January and December of 2017 amounted to over $157.05 billion — a 10.2 percent rise compared with the previous year.

The country’s foreign trade volume reached $390.84 billion during 2017, marking a 14.56 percent annual increase, according to provisional data produced by TurkStat and the Ministry of Customs and Trade.

Turkish imports climbed 17.7 percent to $233.79 billion, amounting to a foreign trade deficit of $76.73 billion — rising 36.8 percent — over the same period.

TurkStat said Germany was Turkey’s top export market, at $15.12 billion, or a 9.6 percent share of total exports, while $73.94 billion worth of Turkish exports were delivered to EU28 countries from January to December this year.

In the same period, Turkey imported the most from China ($23.37 billion), Germany ($21.30 billion), and Russia ($19.51 billion).


The manufacturing industry accounted for the biggest share of total exports, at 93.7 percent, followed by agriculture and forestry (3.4 percent), and mining and quarrying (2.2 percent).

High technology products in manufacturing industry exports represented 3.9 percent. Export shares of medium-high and low technology products accounted for 34.6 and 33.3 percent, respectively.

Intermediate goods represented the lion’s share of imports with 73.3 percent, reaching $171.45 billion, followed by capital goods (14.2 percent, $33.11 billion) and consumption goods (12.2 percent, $28.48 billion).

TurkStat data revealed that Turkish imports mostly came from the manufacturing industry (81.6 percent, $190.74 billion), of which $78.43 billion were medium-high tech imports, followed by medium-low tech ($62.14 billion) and high-tech ($28.82 billion).

Among Turkish cities, Istanbul exported the most in 2017 — $81.48 billion — followed by prominent industrial provinces Bursa and Kocaeli.

In December, Turkey’s exports rose 8.6 percent year-on-year to reach $13.87 billion, while imports climbed to $23.08 billion — a 25.4 percent hike. Foreign trade deficit was $9.2 billion.

In 2016, the country’s exports totaled $142.53 billion, imports $198.61 billion and foreign trade deficit stood at $56.09 billion.


Turkey last year became the world’s largest exporter of woven carpets, construction iron, radiators, women’s suits, blouses and shirts. The country ranked third in bus and minibus exports, fourth in dishwashers fifth in washing machines, seventh in television, eighth in the men’s suits and refrigerators, ninth in leather, welt clothing, electric heaters and commercial cargo vehicles, and tenth in engine parts.

In terms of market diversity, Turkey’s furniture sector had the greatest success as it exported products to more than 177 countries. It was followed by the iron and steel with 172 countries, glass sector with 165 countries, refrigerator and ceramic with 159 countries, dishwasher and electrical heaters with 152 countries, shoes with 149 countries and motor parts with 143 export destinations.

Between 2000 and 2017, Turkey has had more than 201,651 exporters who did business for at least over a one year period.


In 2017, Amasya exported flour to Congo, Erzincan exported wall insulation material to Brazil, Kocaeli ship paint to Palau, Malatya shipped bakery equipment to Bangladesh, and Samsun sold sterile surgical products to Laos.

A few Turkish companies leading the global market in different sectors. One company controls almost 72 percent of the global boron market, while another Turkish company holds 22 percent of the market in sodium dichromate. One Turkish company controls 8 percent of the world silk cocoon market and another control 8 percent of the dimethyl terephthalate market. Turkish companies also control 7 percent of the prepared or canned snails market, as well as 5 percent of the battleship exports.

One Turkish company achieved more than $1.2 billion in automobile exports to Italy, one-fifth of the total exports to the country.


Another interesting point is that Turkey’s organic food exports rose 17 percent year-on-year in 2017. The country earned $87 million last year in revenue from organic food exports to 68 countries. Exports also rose by 10 percent on a weight basis compared to the previous year, hitting 21,000 tons.

Turkey exports raisins, dried figs, nuts and dried apricots the most. The actual export volume of organic food is at least fivefold the amount on record.



Foreign Trade Facts File – Turkey

Turkey is the 25th largest export economy in the world. In 2016, Turkey exported $139B and imported $188B, resulting in a negative trade balance of $49.1B. In 2016 the GDP of Turkey was $857B and its GDP per capita was $24.2k.

The top exports of Turkey are Cars($8.32B), Gold ($8.25B), Delivery Trucks ($4.57B), Vehicle Parts($3.81B) and Jewellery ($3.75B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Cars ($9.8B), Unspecified ($9.6B), Refined Petroleum ($7.34B), Gold ($6.45B) and Vehicle Parts ($5.09B).

The top export destinations of Turkey are Germany ($14B), the United Kingdom ($11.7B), Iraq ($7.64B), Italy ($7.58B) and the United States ($6.62B). The top import origins are Germany ($24.9B), China ($16.7B), Russia ($13.7B), Italy ($10.6B) and the United States ($9.4B).

Turkey borders Armenia, Azerbaijan, Georgia, Iran, Iraq, Syria, Bulgaria and Greece by land and Egypt, Cyprus, Romania, Russia and Ukraine by sea.

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