K
27 September 2024
Kunal
Was this review helpful?
Yes (0)
No (0)
Report Abuse
Key Indicators
- 96,142,414
- 766,050
- Export Trading Partners222
- 60,681,514
- 487,110
- Import Trading Partners230
Overview
Turkey: Bridging Continents in Trade
Turkey, at the crossroads of Europe and Asia, plays a pivotal role in global commerce. Ranking 2024 in GDP globally in (), the nation leverages its unique geographical location for trade advantages.
Introduction:
Turkey's import market is critical for sustaining its diverse economic sectors, including automotive, textiles, and electronics. These sectors depend on a variety of imported raw materials and components, making Turkey a significant market for global exporters.
Economic Overview:
Turkey's economy is among the largest in the region, characterized by its strategic location bridging Europe and Asia. Major industries include automotive, agriculture, and textiles, with substantial contributions from tourism. Despite recent economic fluctuations, imports remain a significant part of the GDP, particularly for energy and industrial inputs. Efforts towards economic diversification are gradually increasing the demand for high-tech products.
Political and Regulatory Environment:
Turkey's political landscape has profound implications on its trade policies and economic stability. Recent years have seen shifts in regulatory frameworks aimed at enhancing local production, impacting import dynamics. Turkey's customs union with the EU facilitates trade, although political tensions sometimes pose challenges.
Opportunities and Challenges for Exporters:
Opportunities abound in supplying Turkey's key sectors like automotive and textiles, which require quality inputs. However, exporters face challenges such as complex regulatory requirements and political fluctuations that can affect trade conditions.
Positives:
1. Strategic Crossroads: Turkey's position as a bridge between Europe and Asia offers a gateway for trade, fostering economic links between diverse markets.
2. Infrastructure Development: Investments in modern transportation, including ports and highways, enhance Turkey's logistics capabilities, facilitating efficient trade operations.
3. Customs Union Membership: Turkey's participation in the EU Customs Union expands market access, promoting economic integration and trade facilitation.
Negatives:
1. Geopolitical Challenges: Proximity to conflict zones and geopolitical tensions can impact regional stability, affecting trade dynamics.
2. Economic Volatility: Currency fluctuations and periodic economic challenges may pose risks to businesses operating in Turkey.
3. Regulatory Complexity: Navigating bureaucratic processes and regulatory frameworks can present challenges for businesses seeking to operate in the Turkish market.
Turkey import export data, including buyer and supplier names, is available on the Volza Platform.
Turkey import export data, including buyer and supplier names, is available on the Volza Platform.
Imports:
In October 2023, Turkey ranked 11th in global imports, with imports valued at 304.02 billion, representing a 100% growth from October 2022.From October 2023 to October 2024, the country's imports amounted to US$269.1 billion, showing a 23% growth from the preceding year.
In 2024, imports totaled 304.02 billion, marking a 100% YOY growth from 2023. Sources of these imports were China, Russian Federation, Germany, Special Categories, Switzerland, USA, Italy, France, United Arab. Imported products were Mineral fuels and oils, Machinery and equipment, Precious Stones and Metals other than railway or tramway. Suppliers were HYUNDAIASSAN OTOMOTIV SANAYITIC, SAME DEUTZ FAHR TRAKTOR SAN, and T GARANTI BANKASI A S UGUR MOTORLU ARACLAR. Importers in Turkey were China: 12.6%, Russian Federation: 12.5%, and Germany: 7.8%.
Top 10 Import Products:
- Crude Oil (HS code: 2709) - Main energy source.
- Gold (HS code: 7108) - Used in trade and jewelry.
- Automobiles (HS code: 8703) - For local sales and assembly.
- Gas (HS code: 2711) - Essential for energy and heating.
- Iron and Steel (HS code: 7204) - Fundamental for construction and manufacturing.
- Medicaments (HS code: 3004) - Healthcare sector needs.
- Electronic Equipment (HS code: 8517) - For tech industries.
- Plastics (HS code: 3901) - Widely used in manufacturing.
- Cotton (HS code: 5201) - Base for the textile industry.
- Machinery (HS code: 8479) - Critical for various industries.
Top Buyers from Turkey:
HME WORKING MACHINARY SPARE PARTS SERVICE INDUSTRY AND TRADE LIMITED COMPANY, Golden Goose Turkey Magazacilik Joint Stock Company, Baytur Motor Vehtilar Ticaret A.S
Solution for Global Exporters:
Global exporters are encouraged to utilize Volza’s online import data to explore the Turkish market effectively. Volza provides comprehensive data and analytics that help navigate the complexities of Turkey’s import sector, identifying profitable opportunities and optimizing market strategies. Visit Volza to access detailed insights and facilitate successful trade initiatives.
Import Database - Factsheet
Data Source- Detailed data
- Data Available From
- 01, Jan, 2020
Data Coverage- 100%
Last Shipment- 31, Jul, 2024
Source : Volza Import Data
Turkey
Import Data
Import Data
60,681,514 Bill of Ladings, 487,110 Buyers & 766,050 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
4.9/5
Rated by 25,000+ Satisfied Customers
100% Money Back Guarantee
"
Volza's Solution gives you 100x return in Six Months !
"
Search Import Export Data
Reach out to the Turkey Import market Identify verified and active business partners in Turkey
Turkey Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
FERROUS FUMARATE B P | 30-04-2024 | ||
CUMINUM CYMUM POWDER EXTRACT 101 | 30-04-2024 | ||
A9R50440 - ACTI9 IID K 4P 40A 30MA AC RC | 30-04-2024 | ||
400440STBY KVA G1R355SB ALT SAE1/14/6. | 30-04-2024 | ||
625688STBY KVA G1R355MA ALTSAE1/14/2.0 | 30-04-2024 | ||
A9R50440 - ACTI9 IID K 4P 40A 30MA AC RC | 30-04-2024 |
Top 10 Importers
Turkey Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Turkey. To assist you in identifying the leading importers in Turkey, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Turkey are companies like HYUNDAIASSAN OTOMOTIV SANAYITIC, SAME DEUTZ FAHR TRAKTOR SAN , and T GARANTI BANKASI A S UGUR MOTORLU ARACLAR. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Turkey Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 362,801 | |
2 | 143,685 | |
3 | 88,858 | |
4 | 73,736 | |
5 | 68,473 | |
6 | 53,015 | |
7 | 47,326 | |
8 | 42,635 | |
9 | 32,950 | |
10 | 28,649 |
Data Source : Volza Import Data
Top 10 Import Products
Turkey Top 10 Import Products
As the Turkey import data reveals, the nation's top import products for 2024 were prominently characterized by:- Round Cut Diamond: 24.65%
- Automobile Component: 20.61%
- Polyester Filament Yarn: 17.38%
- Presenter Box: 11.44%
- Wheelers Component: 10.72%
- Disc Brake: 8.54%
- Lamp Component: 4.91%
- Electrical Module: 1.54%
- Power Steering Gear: 0.11%
- Pto Gear: 0.10%
Turkey Top 10 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | Round Cut Diamond | 4,915,650 |
2 | Automobile Component | 4,108,511 |
3 | POLYESTER FILAMENT YARN | 3,465,750 |
4 | PRESENTER BOX | 2,280,631 |
5 | WHEELERS COMPONENT | 2,137,048 |
6 | Disc Brake | 1,703,297 |
7 | LAMP COMPONENT | 978,231 |
8 | ELECTRICAL MODULE | 307,608 |
9 | POWER STEERING GEAR | 21,701 |
10 | PTO Gear | 20,497 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Turkey
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Turkey Top 1 Import Trading Partners
Turkey trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 3,494,229).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Turkey had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Turkey import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Turkey’s major imports from India include PRESENTER BOX, Automobile Component, WHEELERS COMPONENT, ELECTRICAL MODULE, POLYESTER FILAMENT YARN, Disc Brake, Round Cut Diamond, POWER STEERING GEAR, PTO Gear, LAMP COMPONENT, products. The provided chart below breaks down the values in percentile of Turkey’s top 1 import partners for 2024.
Turkey Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Turkey Import Data Sample record
Turkey import data covers all important shipping details that are essential for businesses to find importers in Turkey, analyze market trends and identify potential industries. Turkey trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Turkey import data sample with complete number of fields available in data.
Turkey Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 29171940
- Quantity:
- 100
- Quantity Unit:
- KGS
- Value FC:
- 1,675
- Value:
- HS Descirption:
- Polycarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives
- Exporter:
- CELL LIFE THERAPEUTICS PVT LTD
- Importer:
- VEFA ILAC SAN VE TIC LTD STI
Data Source : Volza Import Data
Turkey Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Turkey Top 10 Import Ports
Turkey's global import trade operates through over 10 ports. Istanbul stands as the predominant port, handling 1,278,571 import shipments, which constitutes a 39.96% market share. Izmit follows with an 16.62% share, accounting for 531,864 shipments, while Ambarli contributes a 11.29% market share with its 361,271 shipments. For detailed import trade statistics of each port in Turkey, refer to the provided links below. Collectively, these ports underscore the integrated nature of Turkey's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Turkey.
Turkey Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Turkey
- 60,681,514
- Date
- 30-04-2024
- Shipper Name
- VEFA ILAC SAN VE TIC LTD STI
- Consignee Name
- CELL LIFE THERAPEUTICS PVT LTD
- Weight Unit
- KGS
- Quantity
- 100
- Shipment Origin
- India
- Port of origin
- Bombay Air