Turkey Import and Export Trade 2023

The Republic of Turkey is a transcontinental region with its borders over the European and Asian continents. Being spread over an area of 783,356 square kilometers it is home to a diverse range of mountain ranges like the Kizilyar, Gurtepe, and Sematepe. The territory shares its borders with different countries like Bulgaria, Greece, Georgia, Armenia, Azerbaijan, Iran and Syria. Turkey has a population of around 80 million among which the majority practices Islam as their culture and Turkish as their official language. The vast population of the nation has recorded itself as the 19th largest economy in the world.

The trade statistics of a nation represent the entire growth of the country including its industrial and agricultural sectors. The ultimate efforts of the government authorities in evolving its economy by limiting consumption rates and increasing the productivity of manufacturing industries cater to economic growth to a great extent. The rapidly growing economy of the nation accounted for a GDP of 1.8 trillion US dollars in 2023 with the largest share of services i.e. 64% and industrial and agricultural sectors with 29% and 7%. The dynamic industrial productivity of the nation continues then in the upcoming years Turkey will emerge as the top global trader in the market.

Top 10 Importing Products of Turkey 2023

Depending upon the consumption rate and the industrial requirements of the nation, each year Turkey used to shift its total import rate to balance the economy. Imports are basically for increasing the productivity of the sectors which contribute to the economic growth. As per the Turkey Import Data, the top 10 imports of the nation with its values are discussed below,

• Mineral fuels (HS code - 27) – Total Import Trade Value of 2023 – 37 billion US dollars.

• Machinery (HS code - 84) – Total Import Trade Value of 2023 –30 billion US dollars.

• Electrical machinery and equipment (HS code - 85) – Total Import Trade Value of 2023 – 28 billion US dollars.

• Vehicles (HS code - 87) – Total Import Trade Value of 2023 – 25 billion US dollars.

• Iron and steel (HS code - 72) – Total Import Trade Value of 2023 – 16 billion US dollars.

• Plastic and its articles (HS code - 39) – Total Import Trade Value of 2023 – 11 billion US dollars.

• Pharmaceutical products (HS code - 30) – Total Import Trade Value of 2023 – 9 billion US dollars.

• Organic chemicals (HS code - 29) – Total Import Trade Value of 2023 – 7 billion US dollars.

• Optical and medical equipment (HS code - 90) – Total Import Trade Value of 2023 – 5 billion US dollars.

• Iron and steel articles (HS code - 73) – Total Import Trade Value of 2023 – 4 billion US dollars.

Top 10 Import Partners of Turkey 2023

The strategic location of Turkey over the continents Europe and Asia helps the nation in importing its domestic needs to cater to the industrial sectors. As per the Turkey Customs Data, the top 10 import partners of the nation with its trade value and share are mentioned below,

• China – Annual Import Trade Revenue of China 2023 – 28 billion US dollars; Total share in trade – 19%

• Germany – Annual Import Trade Revenue of Germany 2023 – 27 billion US dollars; Total share in trade – 18%

• Russia – Annual Import Trade Revenue of Russia 2023 – 21 billion US dollars; Total share in trade – 17%

• United States – Annual Import Trade Revenue of United States 2023 – 16 billion US dollars; Total share in trade – 10%

• Italy – Annual Import Trade Revenue of Italy 2023 – 7 billion US dollars; Total share in trade – 5%

• France – Annual Import Trade Revenue of France 2023 – 6 billion US dollars; Total share in trade – 4%

• South Korea – Annual Import Trade Revenue of South Korea 2023 – 5 billion US dollars; Total share in trade – 3.9%

• United Kingdom – Annual Import Trade Revenue of United Kingdom 2023 – 4 billion US dollars; Total share in trade – 3%

• India  – Annual Import Trade Revenue of  India 2023 – 3 billion US dollars; Total share in trade – 2.5%

• Spain – Annual Import Trade Revenue of Spain 2023 – 2 billion US dollars; Total share in trade – 2%

Top 10 Exporting Products of Turkey 2023

The rapidly growing industries of the nation are increasing its rate of productivity with time to cater the economic growth to a great extent. The exports of the nation contribute heavily to the annual economic revenue says the Turkey Export Data, the top 10 products with a trade value of 2023 are discussed below,

• Vehicles (HS code - 87) – Total Export Trade Value of 2023 – 26 billion US dollars.

• Machinery (HS code - 84) – Total Export Trade Value of 2023 – 17 billion US dollars.

• Textiles (HS code - 59) – Total Export Trade Value of 2023 – 14 billion US dollars.

• Iron and steel products (HS code - 73) – Total Export Trade Value of 2023 – 13 billion US dollars.

• Electrical machinery(HS code - 85) – Total Export Trade Value of 2023 – 11 billion US dollars.

• Plastics (HS code - 95) – Total Export Trade Value of 2023 – 10 billion US dollars.

• Fruits and nuts (HS code - 08) – Total Export Trade Value of 2023 – 9 billion US dollars.

• Jewelry (HS code - 71) – Total Export Trade Value of 2023 – 7 billion US dollars.

• Knitted clothing (HS code - 61) – Total Export Trade Value of 2023 – 6 billion US dollars.

• Cereals (HS code - 11) – Total Export Trade Value of 2023 – 5 billion US dollars.

Top 10 Export Partners of Turkey 2023

The production rate of the industrial sectors of Turkey has increased at an exponential rate in the past few years and promotes the country in extending its reach across the globe. As per the Turkey Customs Data, the top 10 export trade partners of the nation with its values and trade shares are below,

• Germany – Annual Export Trade Revenue of Germany 2023 – 16 billion US dollars; Total share in Trade – 9%

• United Kingdom– Annual Export Trade Revenue of United Kingdom 2023 – 11 billion US dollars; Total share in Trade – 6%

• Italy – Annual Export Trade Revenue of Italy 2023 – 10 billion US dollars; Total share in Trade – 5%

• Iraq – Annual Export Trade Revenue of Iraq 2023 – 9 billion US dollars; Total share in Trade – 5%

• United States – Annual Export Trade Revenue of United States 2023 – 8 billion US dollars; Total share in Trade – 4%

• France – Annual Export Trade Revenue of France 2023 – 7 billion US dollars; Total share in Trade – 4%

• Spain – Annual Export Trade Revenue of Spain 2023 – 6 billion US dollars; Total share in Trade – 3%

• Israel – Annual Export Trade Revenue of Israel 2023 – 5 billion US dollars; Total share in Trade – 3%

• Netherlands – Annual Export Trade Revenue of Netherlands 2023 – 4 billion US dollars; Total share in Trade – 2%

• Saudi Arabia – Annual Export Trade Revenue of Saudi Arabia 2023 – 4 billion US dollars; Total share in Trade – 2%

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