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The most important Turkish exports during the past years
Have you come across the word (Made in Turkey) frequently on several products? Have you ever wonder what is the most important Turkish exports?
The Turkish economy is one of the most important in the world and the most rapidly growing and thriving, as the Turkish government is always taking care of everything that leads to economic progress and prosperity, whether from industrial, agricultural or investment perspective. We can find that turkey has a list of top exports in the past years, and it always strive for the progress of production and the grow of foreign its exports, it also has a very powerful and creative labor force from different categories especially the youth capabilities, besides the natural attractions of Turkey’s land that has been granted by god, so it has never been lacking too much to start its pursuit to economic growth and to have top export lists in the past years.
We will review in this article turkey’s production capacity and the course of economic evolution in terms of its exports.
An overview of the evolution of turkey’s exports in the past years:
Turkey is the link between Europe and Asia, bordered by many important countries like Syria, Iran, Iraq, Georgia, and Armenia, and many seas like The Mediterranean Sea, the Aegean Sea and the Black Sea, It’s an ancient country that was built according to Ottoman Empire foundations, vast and with a huge population and cultures.
In addition to turkey’s amazing climate and tremendous natural wealth. Turkey is famous for several industries and products like the high level textile industry, clothing industries of all kinds and materials, high quality food industries, leather industries, building materials and automotive industries.
In addition to metal industries as Turkey is one of the rich countries with mineral natural resources like iron, copper, silver and chromium.
Agricultural products also come at top of Turkey’s most important exports. It produces the finest cotton crops and it’s one of the largest countries in producing hazelnut, in addition to citrus, grape, olive and many from what cultivated in the Turkish land which makes Turkey has the most important exports.
The Turkish economy has also moved towards the global renaissance through developing the infrastructure and encouraging investments at many important fields, which reflected on the Turkish economy with further progress and revival.
Most important exports values in the past years:
Turkey has witnesses a significant exports progress in the past years, it has reached its highest levels in 2018, reaching 168 billion and 23 million dollars with an increase of 7% compared to 2017, on the other hand it also witnessing a decrease in the amount of imports year after year, it also has come so close to absorb the deficit of the foreign trade.
And here comes the Turkish Statistical Institute report to clarify some important rates that demonstrate the most important Turkish exports in 2018, as the amount of progress in this field was very significant that year.
Many countries are importing from Turkey with significant values, we can find that the Turkish exports to Germany have a large share, followed by exports from Turkey to England, Turkish exports to Iraq, America, France, Netherlands Spain and Belgium.
As for the Arab countries, we can find the most important Turkish exports in the past years clear in the Arab countries, and we may find many Turkish products in the Arab markets, and the most important countries receiving exports from Turkey, United Arab Emirates, Egypt and Saudi Arabia which receives Turkish exports with almost the same value as Egypt. And of course Iran, Greece and Bulgaria are receiving Turkish exports where they can find quality and proficiency and profit in their markets.
Logistic services infrastructure had played a great role in facilitating shipping and importing from turkey to the world.
The most important Turkish products which top the list of Turkish exports:
- Cars representing 13.9% of Turkish exports.
- Machinery and electronics representing 9% of Turkish exports.
- Clothing and textiles representing 6.2% of Turkish exports.
- Minerals and precious stones representing 8.5% of Turkish exports.
- Iron and heavy metals representing 4.3% of Turkish exports.
- Fruits, crops and nuts representing 2.7% of Turkish exports.
- Electrical appliances and plastics representing 9% of the total important Turkish exports over the past years.