Turkey Trade Data

THE DEFENCE INDUSTRY OF TURKEY IS A BOOMING INDUSTRY IN THE NATION INTRODUCTION TO THE DEFENSE INDUSTRY Defense includes a range of activities which includes manufacturing and production of various defense systems which are capable to provide protection to a country from all forms of danger. Multiple types of equipment are made in order to target enemies in air, land, or water. Other support and surveillance equipment such as radars, sonars, and satellites also come under defense equipment. A dedicated report is formed in every country with the name of ‘Defense Research Report’ where everything related to the trade of defense personnel is recorded. Details such as statistics related to the defense market, market size, share of each region, competitors’ analysis, new opportunities, etc. are available in this detailed Defense research report. Based on the Global Trade Data of the previous year, the global market of defense grew by almost 8%, i.e., from USD 535 billion to USD 577...

  After globalization became effective in the year 1991, in countries all over the planet, different hindrances connected with overseas sales have reached a conclusion. When contrasted with past times, advertisers, and brokers of almost all nations get an ever-increasing number of chances to get related with trading and perform global exchange at any scale they need. Only because of this freedom, advertisers and merchants of various nations perform continuous import and export exercises. Because of this, every nation keeps up with its Import Export Data where it records and notices all the global transactions alongside every exchange that occurred in a particular financial year. We have shared an outline of Vietnam export Data and Turkey Export Data later in this blog to make things clearer and more obvious to learn and understand. For any marketer who is planning to export or import any good or service to and from the international market, it is advisable that he goes thr...

                                  MARKET SCENARIO OF TURKEY – 2022 According to  Turkey trade Data  for the year 2022, the country’s trade deficit rose by 160% yearly and reached USD 11.2 billion in the month of August 2022. The reason behind this surge is the growth in total imports of the country. The imports of the nation grew by 40% in the year 2022 as per the reports released by the statistical institute of Turkey.   As per the Turkey Trade Data of the same year, the trade deficit of the country grew by approximately 146% and reached USD 73.45 billion in only the initial 8 months of the year 2022. The total imports grew and reached USD 32.5 billion, whereas the exports rose and touched a mark of USD 21.3 billion. As per the economic program of the previous year, 2021, the aim of Turkey was to shift to a current account surplus through powerful and effective exports while reduc...

  BRIEF SUMMARY – ECONOMIC RELATIONS & BILATERAL TRADE The trade relations between the countries are strong since the very beginning. The economic ties and bonds between the nations are very strong and they are strengthening even more as the years are passing. Germany’s major exports to Turkey as mentioned in Turkey Import Data are machinery, electrical goods, and motor vehicles. On the other hand, according to Turkey Export Data the nation exports goods like textiles, food items, and motor vehicles. Moreover, businessmen from Turkey who are close to 2 lakhs, are employed in Germany-based companies. You would be surprised to know that close to 4000 German companies are functional in Turkey. Both nations are considered to be the best partners in terms of foreign trade and technical and financial cooperation. In the year 2020, the bilateral trade between the two nations was USD 38 billion. The biggest investment made by German companies was 25 billion euros in the energy se...

  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. Som...

  ABOUT THE INDUSTRY – MINERAL PRODUCTS Mineral fuels, oil, waxes, and bituminous substances have a very big market at the global level. In the world, it is considered the 3 rd largest traded product which amounts to USD 1.5 trillion. Roughly, 8.8% of the total trade market is occupied by the export and import of Mineral products. If we talk about the rank of this product category with regard to (Product Complexity Index) PCI, then it is close to the 95 th position. In the year 2020, the largest exporters of mineral products were Russia, The United States, Saudi Arabia, the UAE, and Canada. Whereas, the major importing nations were China, the United States, India, Japan, and South Korea. TURKEY TRADE DATA – MARKET IDEA The market of mineral-based products such as mineral oils, distillation products, bituminous minerals, and mineral-based waxes is one of the emerging markets of Turkey. In the year 2020, Turkey imported these types of goods worth USD 17.56 billion. Whereas it expor...

  TURKEY AND ITS CONTRIBUTION TO GLOBAL TRADE DATA DEMOGRAPHIC PROFILE AND TRADING TRENDS OF TURKEY Turkey is yet another Muslim country which is located partly in Western Asia and partly in Southeast Europe. Turkey shares its boundary with many nations like Armenia, Iraq, Syria, etc. The land area which is dedicated to Turkey is close to 7,83,400km^2. The population of Turkey is 8.36 crores and around 98% population belongs to the Muslim religion. The capital of the nation is Ankara and the currency used here is called the Turkish Lira. Turkey plays a very important role in Global Trade Data and has a considerable amount of stake in the total imports and exports. In the year 2021, as per Turkey Import Data the nation imported goods worth USD 271 billion whereas, the total exports as per Turkey Export Data were USD 225 billion. Roughly, the ranks of the nation with regard to total imports and exports in 2021 were 22 nd and 27 th respectively. CONTRIBUTION OF TURKEY EXP...