TURKEY'S EXPORT & IMPORT

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EXPORT AND IMPORT

In order for Turkey to reach the growth and export figures it targets in the perspective of 2023

and to get out of the "middle income trap" it has been in for the last 10 years, it should be a

priority to develop, produce and export high-tech, in other words, high value-added products

in selected and priority sectors. This is the exact reason why the country is eager to make

things convenient for investors from all over the world.

Turkey can compete with quality, technological level and qualified after-sales service rather

than competing with cost and price advantages in the world markets.Comparing Turkey's

competitiveness with other regional countries (Czech Republic, Hungary, Poland, Romania,

Slovak Republic and Slovenia) in which Turkey competes in the world markets, as of 2016,

tobacco products, textile products, clothing, leather goods and leather goods are among the

low-tech sectors. It is seen that it has the highest competitiveness index in sectors such as

furniture. In the same way, relative superiority has been achieved in the world market in the

middle-low technology intermediate goods sectors.

While Turkey is being added to global value chains more and more over time, the rate of

foreign added value in almost all exported products, including low and medium low

technology products, is increasing. The use of imported inputs is increasing in all exports,

including the export of low and medium-low technology products.

In 2020 figures, Turkey's exports are 169.5 billion dollars, imports are 219 billion dollars, the

ratio of exports to imports is 77.3%, and the foreign trade deficit is 50 billion dollars.

According to 2017 figures, Turkey is the 32nd country with the highest exports and the 24th

with the highest imports.The most important export products of Turkey are automotive,

ready-made clothing and textiles, white goods, agricultural and food products, the most

important import products natural gas and petroleum, automotive and electronic devices.

EXPORTS

Turkey's 2018 figures yielded 167.9 million dollars. It is the 32nd country with the highest

export, according to Turkey, 2017 figures. Export products to automotive, apparel and

textiles, as well as white goods, agriculture, and general purpose automotive, are among

Turkey's many export products. Turkey's "countries with the largest share" includes Germany,

United Kingdom, Talya, Iraq, and USA, among others.

Turkey's top exports include cars ($10.1 billion), motor vehicles, parts, and accessories (8701

to 8705), delivery trucks ($4.34 billion), gold ($3.97 billion), and refined petroleum ($3.51

billion), with the majority of its exports going to Germany ($16.3 billion), the UK ($12.7

billion), the United States ($10.3 billion), Iraq ($9.14 billion), and Italy ($8.23 billion).

The largest exporter of raw iron bars ($2.6 billion), hand-woven rugs ($2.22 billion), wheat

flours ($949 million), marble, travertine, and alabaster ($679 million), and stranded copper

wire ($349 million) in 2020 was Turkey.

IMPORTS

Turkey's import is 223 billion dollars in 2018 figures. According to 2017 figures, Turkey is

the 24th country with the highest imports. Turkey mostly imports natural gas and petroleum,

automotive and electronic equipment. The countries with the highest share in Turkey's

imports are, respectively; Russia with 9.9%, China with 9.3%, Germany with 9.1% and the

USA with 5.5%.

The top five imports into Turkey are refined petroleum ($6.13 billion), scrap iron ($6.01

billion), cars ($8.17 billion), and motor vehicles; parts and accessories (8701 to 8705) ($5.84

billion). Turkey imports these goods primarily from Germany ($24 billion), China ($22.1

billion), Russia ($13.1 billion), the United States ($10.7 billion), and Italy ($8.94 billion).

The largest importer of scrap iron ($6.01 billion), non-retail synthetic filament yarn ($1.21

billion), sunflower seeds ($560 million), unprocessed artificial staple fibers ($409 million),

and looms ($334 million) in 2020 was Turkey.