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 exporters in the world and it exports a various products range to the various countries.
With a continues upward trend in Turkey Exports empowers Turkey as one of the top exporters in the world. In 2023, Turkey became the top 27th the largest exporter globally. The significant growth rate of over 5% each year in Turkey Exports has been recorded.
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.
According to Turkey Export Trade Statistics, Turkey's total Exports value of 2023 is recorded $177 billion with a remarkable growth rate. Turkey top exports include machinery and mechanical appliances, textiles and clothing, vehicles and transportation equipment, iron and steel products, electrical machinery and appliances, others. We assumed the continues upward trend of these goods due to high demand domestically and regionally.
Turkey's top exports destination of 2023 are Germany, Iraq and United Kingdom. Germany embarks the Turkey’s biggest trading partner followed by Iraq and United Kingdom in the recent years. However, a significant growth of trade between China and Turkey has been recorded in the recent years and it also became China as the top trading partners for Turkish goods.