26-Sep-2024
Key Highlights
With an export value of $255.8 billion in 2023, Turkey achieved an all-time high and is now the 29th largest exporter globally.
Automobiles and their parts ($29.46 billion), boilers, machinery, and mechanical appliances ($22.35 billion), precious stones, metals, pearls, and other precious gems ($13.57 billion), and electrical machinery and equipment ($13.18 billion) will be Turkey's top exports in 2024.
Germany is considered to be Turkey's top trading partner in 2023–24, according to Turkey trade data. With an export value of 21.1 billion USD, Germany is followed by the United States ($16.8 billion), Iraq ($13.7 billion), and the United Kingdom ($13.0 billion).
Did you know? Turkey has a rich architectural and historical legacy and is widely recognized as the bridge connecting Asia and Europe. Despite its beauty, it has abundant natural resources, which contributes to its ranking as the 29th in terms of Turkey export by country in the world. In terms of export, Turkey's top exports include automobiles, auto parts, machinery, boilers, mechanical appliances, and more.
In this blog, we will have an overview of the major exports of Turkey, the Turkey export products list, turkey export data, and more.
Turkey is a significant participant in international trade, especially for its manufactured goods, despite having the 17th largest economy.
The nation boasts a thriving automotive sector that produces a sizable number of cars, trucks, and related parts for export. They provide a vast array of goods to the worldwide market and are a major player in the machinery and appliance industries.Also, Turkey is known for its borates, bitumen, asphalt, marble, travertine, alabaster, and hand-woven carpets.
Firstly, let us examine the statistics on Turkey trade data!
Here are statistics and trends of exports of turkey:
Based on Turkey export data, Turkey's exports reached a record-breaking $255.8 billion in 2023. The main commodities exported from Turkey in the fiscal year 2023 were automobiles and auto parts, which were valued at 29.5 billion US dollars.
Also, Turkey plays a major role in international trade, as evidenced by its ranking as the 29th largest exporter in the world.
However, Turkey's top export destinations are Italy, Germany, the United States, Iraq, and the United Kingdom.
One of the main factors behind emerging Turkey's exports is that its traditional industries, such as agriculture and textiles, continue to thrive, illustrating Turkey's export diversification.
Let us discuss the major export of Turkey in 2024!
Here is the turkey export products list:
|
S.no. |
Top 10 Export Products of Turkey |
Export value (in billions) |
|
1 |
Vehicles and vehicle parts |
$29.46 |
|
2 |
Boilers, machinery, and mechanical appliances |
$22.35 |
|
3 |
Precious stones, pearls, metals, and other precious gems |
$13.57 |
|
4 |
Electrical machinery and equipment |
$13.18 |
|
5 |
Mineral oils, mineral fuels, and products of their distillation |
$10.19 |
|
6 |
Knitted and crocheted articles |
$9.93 |
|
7 |
Articles of iron and steel |
$9.62 |
|
8 |
Plastics, plastic articles |
$9.48 |
|
9 |
Iron and steel |
$8.79 |
|
10 |
Non-knitted and crocheted articles |
$7.48 |
Thus, these represent the top exports of Turkey for 2023–2024. With $29.46 billion in exports, cars, and auto parts were the major export of Turkey. However, the other Turkey export products are boilers, machinery, mechanical appliances; stones, metals, pearls, and other precious gems; electrical machinery and equipment; mineral fuels, mineral oil, and products of their distillation, etc.
Additionally, connect to Exportimportdata.in's data-driven platform to explore Turkey's updated exports if you are looking for the top 10 products for turkey export by country.
Let us find out more about Turkey's top exports.
Turkey's 2023 export statistics show that the country exported $29.46 billion worth of cars and auto parts or 11.51% of all Turkish exports.
Cars, dash cameras, intake air filters, brake and clutch pedals, gearboxes, road wheels, and lead-acid storage batteries are the top categories of vehicles and vehicle parts exported.
However, the United States, Thailand, Japan, Argentina, Indonesia, and Indonesia are the top export markets for automobiles and auto parts from Turkey.
Turkey exported $22.35 billion worth of machinery, boilers, and mechanical appliances. It is the second-biggest major export of turkey, accounting for a sizeable 8.7% of total exports. The top export markets for boilers, machinery, and mechanical appliances are Brazil, the US, Malaysia, Germany, and Hong Kong.
Turkey exported $13.57 billion worth of precious stones, metals, pearls, and other precious gems in 2023, according to Turkey export data. It represents a sizeable portion of 5.3% of all Turkish exports.
South Korea, Singapore, China, Japan, and Malaysia are the main markets for Turkey export by country for precious metals, stones, pearls, and other precious gems.
Turkey exported electrical machinery and equipment valued at $13.18 billion in 2023, according to Turkey trade data. One of Turkey biggest exports, it accounts for a sizeable 5.1% of the total exports of Turkey.
Turkey export products markets for electrical machinery and equipment are Germany, Hong Kong, Malaysia, Brazil, and the United States.
Turkey exported mineral fuels, mineral oil, and products of their distillation worth $10.19 billion in 2023, according to turkey export import data. 4.0% of all Turkish exports are made up of this sizeable portion. Turkey biggest export of mineral fuel is unrefined mineral oil, which has become more and more in demand globally over time.
The top export markets for mineral fuels, mineral oil, and distillation products are Malaysia, Singapore, China, Japan, and South Korea.
According to Turkey export data from 2023, the country exported $9.93 billion worth of knitted and crossed articles, making it one of its top exports and accounting for 3.8% of total exports of Turkey.
The top five countries to which Turkey exports knitted and cross-hatched articles are the US, China, South Korea, Japan, and Germany.
Around $9.62 billion worth of iron and steel articles were exported by Turkey, accounting for 3.76% of all goods exported from the country.
However, Thailand, Japan, Argentina, Indonesia, and the United States are the top export markets for iron and steel articles from Turkey, based on Turkey export import data.
Plastics and plastic articles were among Turkey's top exports in 2023, accounting for $9.48 billion in global exports, or 3.7% of total exports.
Straws, toys, containers, polymers, wrapping paper, and other items are examples of plastics and plastic articles.
Japan, China, the US, and Malaysia are the top markets for Turkey export by country for plastics and plastic articles made in Turkey.
According to Turkey export data, the country exported $8.79 billion worth of iron and steel in 2023. It accounts for 3.43% of Turkey's total exports, which is a sizeable portion.
Iron alloys, silver foil, and unrefined iron are the top exports of Turkey’s iron and steel. China, Singapore, South Korea, Malaysia, and Japan are the Turkey biggest export market for iron and steel.
Turkey's top export in 2023 was $7.48 billion worth of non-knitted and crossed articles, according to turkey trade data. It accounts for 2.92% of Turkey's total export earnings.
Nonetheless, China, Japan, Singapore, India, and Korea are the top markets of exports of Turkey for non-knitted and crossed articles.
Thus, these are the 10 major export of Turkey in 2024. However, you can get in touch with Exportimportdata and look through the insights of Turkey export import data, if you need the most recent list of export companies in Turkey or Turkey export by country.
The top export partners of Turkey are listed below:
|
S.no. |
Turkey's Top Export Destination |
Export values (in billions) |
|
1 |
Germany |
$21.1 |
|
2 |
United States |
$16.8 |
|
3 |
Iraq |
$13.7 |
|
4 |
United Kingdom |
$13.0 |
|
5 |
Italy |
$12.3 |
|
6 |
Russia |
$9.8 |
|
7 |
Spain |
$9.6 |
|
8 |
France |
$9.5 |
|
9 |
Netherlands |
$8.02 |
|
10 |
United Arab Emirates |
$5.2 |
Germany is considered to be Turkey biggest export partner in 2023–24, with an export value of 21.1 billion USD, followed by the United States ($16.8 billion), Iraq ($13.7 billion), and the United Kingdom ($13.0 billion), based on Turkey export data. Along with these major nations, Italy, Russia, Spain, France, and the Netherlands were among the other nations that imported goods from Turkey.
The most reliable source of the most recent Turkey trade data is Exportimportdata.in. We are the leading provider of import-export data, offering a dashboard that allows you to explore turkey export import data in just one subscription.
Additionally, you should first look through our export-import data bank if you require the most recent figures of Turkey export data, the supplier list for Turkey, or the list of the top 10 turkey export products.
In conclusion, a slow but steady recovery of the global economy is predicted for 2024, which will boost export orders and demand and assist export companies in Turkey in meeting their goals. Analyzing the main export of Turkey and trading partners gives us important insights into the country's position on the international market.
Please contact Exportimportdata.in with any questions you may have about the turkey export products list or turkey export data.
With all of their knowledge and experience, our committed specialists will provide you with advice. Schedule a free live demo now. We hope this analysis of the top exports of Turkey was interesting to you.
Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.
The top exports of Turkey include vehicles and vehicle parts, boilers, machinery, and mechanical appliances, precious stones, pearls, metals, and other precious gems, electrical machinery and equipment, mineral oils, mineral fuels, and products of their distillation, and knitted and crocheted articles.
Turkey exports to India include petroleum, automobile spare parts, and textile yarn.
As per Turkey export data, Germany is the biggest trading partner of Turkey. In 2023-24, Turkey exported goods to Germany worth $21.1 billion.
Based on Turkey export data, Turkey's exports reached a record-breaking $255.8 billion in 2023.
Based on export value, the best exports of Turkey are vehicles and vehicle parts, with $29.46 billion in 2023-24.
The major export of Turkey are vehicles and vehicle parts worth $29.46, boilers, machinery, and mechanical appliances worth $22.35, precious stones, pearls, metals, and other precious gems worth $13.57, and electrical machinery and equipment worth $13.18.
