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Home » Europe » Who is Turkey’s biggest trading partner?

Who is Turkey’s biggest trading partner?

December 14, 2021 by Bo Lang

Turkey trade balance, exports and imports by country In 2019, Turkey major trading partner countries for exports were Germany, United Kingdom, Iraq, Italy and United States and for imports they were Russian Federation, Germany, China, Unspecified and United States.

Contents

What is Turkey’s main export?

Turkey’s biggest export products by value in 2020 were cars, automotive parts or accessories, trucks, refined petroleum oils and jewelry. In aggregate, those major exports account for 15% of overall exports sales from Turkey. That percentage suggests a relatively diversified range of exported goods.

What are Turkey’s biggest imports?

Turkey’s Top Imports

  • Refined petroleum – $12.4 billion.
  • Gold – $11.3 billion.
  • Scrap iron – $6.47 billion.
  • Petroleum gas – $3.72 billion.
  • Coal briquettes – $3.53 billion.

Which countries export the most Turkey?

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Turkey Exports By Country Value Year
United States $10.18B 2020
Iraq $9.14B 2020
Italy $8.08B 2020
France $7.20B 2020

What are Turkey’s major imports and exports?

Leading 20 import commodities of Turkey in 2020, by import value (in billion U.S. dollars)

Characteristic Import value in billion U.S. dollars
Precious stones, precious metals, pearls and articles thereof 25.03
Boilers, machineries and mechanical appliances, parts thereof 24.17

What is the biggest industry in Turkey?

Economy of Turkey

Statistics
Main industries machinery tourism textile electronics construction shipbuilding autos mining steel iron copper boron defence petroleum food processing cotton
Ease-of-doing-business rank 33rd (very easy, 2020)
External
Exports $166.9 billion (26th) (2020)

What cars are built in Turkey?

Other global automotive manufacturers such as Toyota, Honda, Opel, Hyundai, Mercedes-Benz and MAN Truck & Bus produce automobiles, vans, buses and trucks in their Turkish factories. There are also a number of Turkish bus and truck brands, such as BMC, Otokar and TEMSA.

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What is the countries import from Turkey?

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Turkey Imports By Country Value Year
China $23.04B 2020
Germany $21.73B 2020
Russia $17.83B 2020
United States $11.53B 2020

Where does Turkey import gold from?

the United Arab Emirates
Turkey imports gold the most from the United Arab Emirates, which shared 31.5% value to total gold imports recorded in 2019. As per Turkey import statistics of gold, other top suppliers of gold to Turkey are Iraq, Switzerland, Germany and United Kingdom.

What Pakistan exports to Turkey?

Pakistan Exports to Turkey Value Year
Cotton $141.58M 2020
Electrical, electronic equipment $92.55M 2020
Other made textile articles, sets, worn clothing $20.40M 2020
Manmade staple fibers $11.88M 2020

Does Turkey trade with Israel?

In 1996, Turkey and Israel signed a free-trade agreement.Turkey is Israel’s sixth-largest export destination. Chemicals and oil distillates are the primary exports.

What does India import from Turkey?

The main commodities imported by India from Turkey are Marble, travertine, products of automotive and textile industry, copper and copper ore, iron, steel, gold, coal, chrome, poppy and cumin seeds. Import certification, procedures and formalities to import goods to a country is almost same in all countries worldwide.

What is Turkey famous for?

Famous Things in Turkey

  • 1: Istanbul: Most Famous City in Turkey.
  • 2: Hot Air Balloon Rides in Cappadocia.
  • 3: Traditional Gulet Boat and Sailing.
  • 4: Ephesus Ancient City.
  • 5: Pamukkale and Hierapolis in Turkey.
  • 6: The Famous Lycian Way Tombs.
  • 7: Turkish Cuisine and Beverages.
  • 8: The Tulip.
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Which country is bigger USA or Turkey?

United States is about 13 times bigger than Turkey.
Turkey is approximately 783,562 sq km, while United States is approximately 9,833,517 sq km, making United States 1,155% larger than Turkey. Meanwhile, the population of Turkey is ~82.0 million people (250.6 million more people live in United States).

What is Turkey main source of income?

Turkey’s largely free-market and diversified economy is driven by its industrial and service sectors, but traditional agriculture still accounts for about 25 percent of employment.

Is Turkey a rich or poor country?

Turkey is far from poor but it isn’t especially rich. The country is classified an emerging market economy with a GDP per capita of around $11,000 (£7,700), which is more or less the global average but lower than the majority of European countries.

Is Turkey richer than India?

India vs Turkey: Economic Indicators Comparison
India with a GDP of $2.7T ranked the 7th largest economy in the world, while Turkey ranked 19th with $771.4B. By GDP 5-years average growth and GDP per capita, India and Turkey ranked 6th vs 36th and 150th vs 78th, respectively.

What city is the capital of Turkey?

Ankara

What are the top 5 imports of Turkey?

Imports The top imports of Turkey are Gold ($11.5B), Refined Petroleum ($9.92B), Crude Petroleum ($6.55B), Vehicle Parts ($5.72B), and Scrap Iron ($5.19B), importing mostly from Germany ($21.2B), China ($18.2B), Russia ($16.4B), United States ($10.4B), and Italy ($9.4B).

What is the best selling car in Turkey?

Fiat’s passenger car, light commercial vehicle sales reach over 137,000, industry group data shows. Fiat was the best-selling passenger car and light commercial vehicle brand in Turkey in 2020, an industry group said on Friday.

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What is the most popular car in Turkey?

Renault was the leading vehicle brand in Turkey in 2018 with car and light commercial vehicle sales of about 85,840 units, meaning that Renault had a market share of almost 14 percent. Overall,some 956,200 cars and light commercial vehicles were sold to Turkish customers in 2018.

Filed Under: Europe

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About Bo Lang

Bo Lang loves exploring the world. A self-proclaimed "adventurer," Bo has spent his life traveling to new and exciting places. He's climbed mountains, explored jungles, and sailed across the ocean. He's even eaten the beating heart of a king cobra!

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