turkey Trade Data

 

MOTOR SPARE PARTS PRODUCTION

The spare parts production Industries in Turkey have established industries and produce every type of spare part. The manufacturing of spare parts takes place for domestic as well as export purposes too. The component sector of the nation is very strong and capable enough to produce spare parts for nearly all the automobile brands that are available so far like GM, Mercedes, BMW, Fiat, Ford, and Toyota. The potential of the spare parts industry of Turkey is very high and is not limited to only domestic production, but also capable of exports also. This is the reason why Turkey trade Data  has a designated place for mentioning the exports of motor spare parts.

Due to this high export potential of the Turkish motor spare parts industry, various big investors and market leaders are getting attracted to it. As of now, the total number of investors in this industry is close to 200 which is estimated to increase in the near future. Some of the prominent motor spare parts that are produced in Turkey are:

·        Engine and its parts

·        Batteries, seats, and plastic parts

·        Breaking and radiator components

·        Suspensions

·        Electrical and rubberized parts, etc.



CONTRIBUTION OF TURKEY TO MOTOR SPARE PARTS EXPORTS GLOBALLY

As per the statistics released through Turkey Export Data for the year 2020, the nation exported motor spare parts worth USD 4.6 billion which makes Turkey the 19th biggest motor spare parts exporter across the globe. During the same time frame, motor spare parts became the 2nd most favorite commodity of Turkey to export. The biggest export partners of Turkey as mentioned in the Turkey Export Data were:

·        Germany (USD 920 million)

·        The United Kingdom (USD 395 million)

·        France (USD 350 million)

·        Italy (USD 300 million)

·        The United States (USD 290 million)

The trade of motor spare parts grew rapidly with nations like the United Kingdom, the United Arab Emirates, and Azerbaijan.

CONTRIBUTION OF TURKEY TO MOTOR SPARE PARTS IMPORTS GLOBALLY

As per the statistics released through Turkey Import Data for the year 2020, the nation imported motor spare parts worth USD 5.85 billion which makes Turkey the 16th biggest motor spare parts importer across the globe. During the same time frame, motor spare parts became the 5th most favorite commodity of Turkey to import. The biggest import partners of Turkey as mentioned in the Turkey Import Data were:

·        Germany (USD 1.21 billion)

·        Hungary (USD 661 million)

·        France (USD 550 million)

·        Italy (USD 540 million)

·        Japan (USD 400 million)

The import trade of motor spare parts grew rapidly with nations like France, China, and India.

OUR VERDICT

As seen, according to the latest statistics for the year 2020, Turkey was at one of the topmost levels in total imports and exports of motor spare parts. From this, we can state that the demand for spare parts is still there in the world, especially in Turkey.

By seeing this trend, we can clearly say that Turkey Import Data and turkey export data are dominated by imports and exports of motor spare parts by a considerable amount. Also, the Import Export Data of Turkey also depicted big numbers of motor spare parts trade.

 

 

STAY IN TOUCH

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