Give Your Brand More Exposure With Turkey Export Data

“Outrank Your Competition With Turkey Export Data” 

Turkey holds a strong strategic position in terms of trading. Turkey is the world's 19th biggest economy in terms of GDP. According to our latest Turkey Export Data of 2021, Turkey’s exports accounted for 225 billion USD. That is 48 billion USD more than Turkey’s total exports in 2020 ($177B).

Turkey's Vehicles, Machinery, Equipment, Raw Iron or Steel, and precious stones are in great demand in the international market. Turkey exports most of its products to Germany (8.57%), the United States (6.47%), and the United Kingdom (6.27%).

Accurate Turkey Export Data Statistics can help you analyze your market. It helps you to discover the latest product demand, track your competitors and lend genuine buyers & suppliers for your product. You must have a better understanding of the global market to achieve success in the import-export business. 

Month Wise Turkey’s Total Export Value Statistics

	Month	Total Export Value(USD)	Share of Total Exports
1	September 2021	20.84 billion	10.17%
2	August 2021	16.78 billion	8.19%
3	July 2021	14.77 billion	7.21%
4	June 2021	18.38 billion	8.97%
5	May 2021	11.29 billion	5.51%
6	April 2021	16.27 billion	7.94%
7	March 2021	16.00 billion	7.81%
8	February 2021	15.11 billion	7.37%
9	December 2021	20.74 billion	10.12%
10	November 2021	19.75 billion	9.64%

 Turkey’s Top 10 Export Partner Countries

 As per our current Turkey Export Data, Germany, the United States and United Kingdom are the major export partners of Turkey. Turkey exported around 43.66 billion USD of goods to these countries. The top 10 Export Partner Countries of Turkey are – Germany ($17.56 B), The United States of America ($13.26 B), United Kingdom ($12.84 B), Italy ($9.88 B), Iraq ($9.14 B), Spain ($9 B), France ($8.23 B), Israel ($6.23 B), Russia ($5.66 B) and Netherlands ($5.54 B).

 Turkey’s Top 15 Export Commodities of 2021

 Turkey’s Top 15 Export Commodities in 2021 along with HS Codes and Total Export Value is mentioned below:

 

	HS Code	Products Description	Total Export Value(USD)	Share of Total Exports
1	870421910000	Mercedes sprinter	3.97 billion	1.94%
2	711319000011	Gold Jewellery (in carrots)	3.62 billion	1.77%
3	870340100000	Subaru forester e-boxer	3.22 billion	1.57%
4	721420000013	Bar and Rods Galvanized	3.19 billion	1.56%
5	570242000000	Carpets and other floor coverings, of man-made textile materials, woven, not tufted or flocked	2.56 billion	1.25%
6	870321101000	Gasoline	2.47 billion	1.21%
7	721049009011	Galvanized Rod Sheet	2.35 billion	1.15%
8	710812000013	Standard Untreamed gold shelf, Refiner	1.71 billion	0.84%
9	610910000000	Hand Knitted Clothes	1.59 billion	0.78%
10	271019210000	Jet Engine	1.38 billion	0.68%
11	271019430011	Diesel 10 ppm	1.33 billion	0.65%
12	080222000000	Natural Hazelnut Kernels	1.28 billion	0.63%
13	852872200000	LCD TV	1.28 billion	0.63%
14	110100150000	Wheat Flour	1.15 billion	0.56%
15	854449950000	Electric Power Cable	1.13 billion	0.55%

 

 Future Of India-Turkey Economy And Trade Relations

India and Turkey hold strong economic and trade relations. Over the past few years, bilateral trade between the two countries has seen a significant rise. It has increased from 6,503 million USD in 2015 to 11,665 million USD in 2019. In 2021, Turkey-India Trade crossed $ 10 billion marks for the first time.

India exported around 7.26 billion USD of goods in 2021. Turkey's exports to India were estimated to be 1.52 billion USD. Vehicles, Precious metals & stones, Mineral oils, and chemicals are the most exported products to India from Turkey. Recently both countries held a conversation regarding bilateral and global issues such as the Russia-Ukraine Crisis and the Indo-Pacific.

What Does Turkey Export Data Include?

Customs Turkey Export Data mainly includes- HS Code, Product Description, Quantity, Value, Buyer Name, Supplier Name, and Port of loading & unloading and shipping information.

 How Turkey Export Data Can Accelerate Your Business?

• Discover your market and your competition

• Identify the latest product demand and market trends

• Avoid Financial Risk and maximise profits

• Monitor your competitors

• Deep Market Insights for better market research

• Uncover your potential business prospects

• Give your brand more visibility in the global market

• Generate more global revenue

• Outrank your competitors with a data-driven strategy

Exim Trade Data offers valuable Trade data from more than 60 countries. If you are looking for reliable data from Turkey Import Export Data Provider, you can opt for Exim Trade Data. We act as a comprehensive guide between your business and the global market. We help you with in-depth insights into the international market so that you can avoid the risks involved and make better decisions.

To learn more benefits of Global Trade Data, you can connect with us at info@eximtradedata.com or call us at +91-9625812393.

Turkey's Exports Achieved a New High Of $17.6 Billion In January, Marking a Strong Start To The Year

 Turkey has had a strong start to 2022, picking up where it left off last year, with exports reaching a new high in January, according to the commerce ministry.

However, energy imports nearly doubled in comparison to a year before, causing the country's trade imbalance to skyrocket, according to figures released by Trade Minister Mehmet Muş.

Muş told a gathering in the capital Ankara to present preliminary estimates that foreign sales increased 17.6% year on year to $17.6 billion (TL 236.82 billion) in January, an all-time quarterly high as per Turkey import-export data. Us stated that the export acceleration attained in 2021 has continued.

However, due to the extremely harsh winter weather and soaring energy prices, imports increased by 55.2 percent to $28 billion last month, according to the ministry.

The research and Turkey trade statistics revealed that energy imports accounted for about $9 billion of this total. Turkey's energy imports, which were $2.6 billion in January last year, started to flourish at the end of last year as demand increased and global energy costs rose. In December, they totaled $7.2 billion.

Turkey import data shows that Turkey is nearly entirely reliant on Russian, Azerbaijani, and Iranian energy imports to satisfy its energy demands. Due to a technical breakdown, Iran curtailed natural gas supplies last month, resulting in restricted electricity and gas production for Turkey's industrial zones.

In January, the country's trade imbalance increased by 240.7 percent year on year to $10.44 billion.

"Compared to the previous year, our international trade volume climbed by 38 percent to $45.6 billion in January," Muş remarked.

The increase in exports was fueled by a 57.8% gain in iron and steel exports, as well as a 2.5 percent increase in equipment and boiler exports and a 1.2 percent increase in automobile exports.

President Recap Tayip Erdogan wants his government's new economic policy, which focuses on low-interest rates, better exports, and credit, to lead to a current account surplus.

Turkey’s market analysis reports and Turkey import-export data reveal that Turkey's imports rose by about 33% year on year in 2021, reaching an all-time high of nearly $225.4 billion.

Imports increased by 23.6 percent to roughly $271.4 billion year over year, while overall international trade volume increased to $496.7 billion.

According to Erdogan, the country's end-of-year export objective has been revised upwards to $250 billion from roughly $230 billion.

Turkey's exports have reached all-time highs in 12 of the previous 13 months, after being battered by the epidemic in 2020, which hampered trade with Ankara's main trading partners.

Turkey Trade Statistics 2021

Based on Turkey Import statistics, Turkey's trade deficit in December 2021 was USD 6.79 billion, the highest since May 2018, as imports outpaced exports as commodity prices rose and the currency fell. Exports increased by 24.9 percent to a new high of USD 22.28 billion, boosted by sales of manufactured goods (25.8%) and agricultural commodities (16.2%), while mining and quarrying exports decreased (-2 percent).

Stats Related	Total Value	Unit	Reference Year
Total Imports of Turkey	$29069.50	USD Million	December-2021
Total Exports of Turkey	$22277.99	USD Million	December-2021
Trade Balance	$-6791.16	USD Million	December-2021
Current Account	$-3841	USD Million	December-2021

Since 1947, Turkey's trade balance has been negative. The trade deficit grew by 36.8% to USD 76.7 billion in 2017, as imports increased by 17.7%, the highest rate since 2011, while exports increased at a slower rate of 10.2% according to Turkey import-export data.