introduction
Turkey global trading power is one of the world’s major economic powers
witnessing remarkable economic growth and strengthening its position as a major business destination in the Middle East and Europe.
Türkiye is global trading power During the past four years, Turkey has witnessed significant development in its import and export sectors
making it one of the most prominent players in global trade
With its diverse economy and multiple sectors, Türkiye has a unique mix of products and services that attract the attention of global markets.
From agricultural goods and food products to technical industries
clothing and textiles, Turkey is a major exporter of a wide range of goods and services
Moreover, Turkey has played an important role in global trade over the last four years
as the value of its exports and imports has increased significantly
Türkiye enjoys an important strategic location on the global trade map
and its position has been strengthened as a base for trade between East and West.
Import and export during the last four years 2020-2023
The picturesque nature of Türkiye, which produces fruits of different colors, shapes, and diverse plants
the lands of Turkey that produce various shapes and types of metals
and the skilled craftsmen of Turkey who can produce the best products of the highest quality have made
Türkiye a more than ideal place for shopping and purchasing from it
Some even depend on the Turkish market for supplies
In terms of goods, quality and Turkish industry are never less than any other industry
On the contrary, they may be much better. Therefore
the Turkish economy was and is still increasing and fruitful thanks to its great and diverse market.
Import and export 2020
The most important services imported by Turkey in 2020 are transportation ($1.07 billion) and miscellaneous commercial
professional, and technical services ($612 million)
Computer and information services ($218 million).
Import and export 2021
Türkiye exported art. Jewelry and parts thereof worth US$6.67 million.
Türkiye exported petroleum and other oils (except crude oil); A setup worth US$6.5 million
and exported bullion materials worth US$4.55 million
and Türkiye exported diesel trucks with a total value not exceeding 4.5 million US dollars
exported other unspecified vehicles, including gas turbine powered vehicles, worth US$3.77 million
Türkiye imported iron waste and scrap, not mentioned, worth US$10.77 million
imported petroleum oils, excluding crude oil; A setup worth US$9.9 million
Türkiye imported raw gold worth US$5.49 million
According to data produced in cooperation with the Turkish Statistical Institute and the Ministry of Trade
in December 2021; Exports amounted to 22 billion 278 million dollars
Import and export 2022
In 2022, Turkey ranked 19th economy in terms of GDP, No. 29 in total exports, and 22nd total imports.
In 2022, Turkey was the world’s largest exporter of iron ore bars ($4.24 billion)
hand-woven carpets ($2.34 billion), cement ($1.76 billion), wheat flour ($1.49 billion), and borates ($669 million).
The most important Turkish exports are refined oil ($12.3 billion), cars ($9.67 billion), jewelry ($8.12 billion), and cars
Parts and accessories (8701 to 8705) ($6.78 billion), and delivery trucks ($5.88 billion)
exported mostly to Germany ($21.9 billion), the United States ($17.1 billion), Iraq ($13.7 billion), and the United Kingdom ($13.7 billion), and Italy ($12.6 billion).
Turkey’s most important imports are gold ($19 billion), refined petroleum ($17 billion)
scrap iron ($8.77 billion), cars ($8.75 billion), and petroleum gas ($8.48 billion)
most of which it imports from China ($38.5 billion). ), and Germany. ($27.6 billion), Russia ($25.3 billion), the United States ($14.6 billion), and Italy ($14.1 billion).
In 2022, Turkey was the world’s largest importer of scrap iron ($8.77 billion) , polycarboxylic acids ($2.08 billion)
Import and export 2023
In December 2023, Turkey exported $20.7 billion and imported $27.3 billion, resulting in a negative trade balance of $6.62 billion
Between December 2022 and December 2023, Turkey’s exports decreased by -$97.4 million (-0.47%) from $20.8 billion to $20.7 billion
while imports decreased by -$3.43 billion (-11.2%) from $30.7 billion to $27.3 billion.
In December 2023, Türkiye’s top exports were cars, tractors, trucks and their parts
($2.86 billion), machinery, mechanical devices and spare parts ($1.9 billion), precious stones, metals and pearls ($1.23 billion)
electrical machinery and electronics ($1.2 billion), and mineral fuels, mineral oils and products ($988 million).
In December 2023 Turkey’s most important imports were mineral fuels, mineral oils and products ($6.06 billion)
machinery, mechanical devices and spare parts ($3.33 billion), cars, tractors, trucks and their parts
In conclusion
Turkey is an important point in the global market and the world of trade because of its abundant and distinguished resources
During the last four years, Turkey has been climbing and rising on the import and export ladder, unlike the last year 2023
Perhaps the market was not successful , but when looking at the political matters and obstacles that occurred in the same year
The numbers obtained by Türkiye are considered only a simple obstacle that it can overcome in the blink of an eye till it gets back to become global trading power again
