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Turkey Import Data

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Turkey Import Data

Turkey considered as an ideal hub for international trade because of its geographical location that relies between Europe and Asia. As a result, Turkey has steadily been one of the top importers in the world and it imports a various products range from various countries.

Turkey rapid growth in the international trade market enables Turkey as one of the top importers in the world. In 2023, Turkey is recorded as the 9the largest importer globally. The significant growth in this year has been recorded from 14th largest importer to the 9th largest importer.

According to Turkey Import Statistics, Turkey's total import value of 2023 is recorded $299 billion with a huge growth rate. Turkey main imports include machinery and equipment, fuels and minerals, chemicals and transport equipment. We assumed the continues upward trend of these goods due to high demand domestically and regionally.

With a booming industrial sector and a largest consumer market, Turkey's GDP has been reached to $1.5 trillion in 2023. This growth is the collective result of multiple aspects such as government initiatives promoting foreign investment and a skilled workforce.

Top five countries that has been accounted for over 40% of total imports of Turkey all together are Russia, China, Germany, United States and Italy.

Despite the political tensions between Russia and Turkey. Russia has been steadily the major  player in 2023. In fact, Turkey and Russia trade reached high in 2023.

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Turkey Import Customs Trade Data Shows Top 10 Importing Products In 2023 – Analysis By Chapter

  • 8.29% ($30 billion) of HS Code 7108 : In unwrought or semi-manufactured forms, or in powder form, gold (including gold plated with platinum)
  • 5.66% ($20 billion) of HS Code 2710 - Oils derived from bituminous minerals, not crude; preparations containing 70% or more petroleum oils; waste oils
  • 5.02% ($18.1 billion) of HS Code 8703 - Station wagons and racing cars (other than those of heading 87.02) are motor vehicles designed to transport people
  • 2.1% ($7.6 billion) of HS Code 7204 - Scrap iron and steel; remelting scrap ingots of iron and steel)
  • 1.98% ($7.17 billion) HS Code 8708 - Motor vehicle parts and accessories, headings 87.01 to 87.05
  • 1.52% ($5.52 billion) of HS Code 2701 - Solid fuels such as coal, briquettes, ovoids, etc
  • 1.28% ($4.66 billion) of HS Code 8517 - Including cordless telephone sets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.13% ($4.1 billion)of HS Code 7601 - Aluminum in its unwrought state
  • 1.01% ($3.67 billion)Flat-rolled iron or non-alloy steel products with a width of 600 mm or more, unplated, unclad, or uncoated

Turkey Import Global Trade Data Shows Top 10
Trading Partners of Turkey

  • Russia dominates with a share of 12.6% (45 billion US dollar)
  • Germany dominates with a share of 7.92% (28 billion US dollar)
  • China dominates with a share of 12.4% (44 billion US dollar)
  • Special categories dominates with a share of 6.78% (24 billion US dollar)
  • USA dominates with a share of 4.36% (15.7 billion US dollar)
  • Italy dominates with a share of 4.14% (14.9 billion US dollar)
  • France dominates with a share of 3.19% (11.5 billion US dollar)
  • UAE dominates with a share of 3.18% (11.5 billion US dollar)
  • Spain dominates with a share of 2.62% (9.48 billion US dollar)
  • Switzerland dominates with a share of 5.5% (19.9 billion US dollar)

Turkey Import Data Sample

WHY TURKEY IMPORT DATA IS CRUCIAL FOR ALL BUSINESS ?

 

Turkey is leading player in the Import market of the world. A significant growth has been seen in the Import Export Trade of Turkey. Turkey Import Custom Data contains key information about Turkey trade with all over the world. It contains detailed records on goods imported into Turkey from other foreign countries, including their origin, quantity, value, weight of product, product description, HS Code, Port of destination, Port of Discharge and more. It also contains most essential information about the companies involved in these transactions – both the Turkey importers and foreign exporters.

Turkey Import Shipment Data provided by Import Globals is the most reliable source of information which is collected from the authenticated Sources such custom shipping bill documents, Invoices, Bill of entries, Bill of lading etc. It provides assurance on its accuracy and reliability. It is essential to gain precise knowledge and information about the market you want to enter and expand your business.  

Turkey Import Trade Data is resourceful information who are looking to expand business globally. With the help of this data, you can reduce the time of manual research for potential buyers, suppliers and particular market of your product. By using Turkey Import Statistics, you can directly reach to potential clients and market of your product. It reduced not only time in researching but also save the intermediary costs. It is crucial for all business to make a strategic decision wisely by using this data you can stay ahead with market trends and competition that ultimately leads to success in the global market.

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