Hottest Products to Import From Türkiye (Turkey) for 2022
The following are the top exports from Türkiye (Turkey) that have significant development potential:
- Knitwear and Fashion Apparel ($16.676 billion in 2021, 23% increase)
- Jewellery ($21.51 billion in 2021, 33.7% increase)
- Turkish Carpets ($2.605 billion in 2020, 2.8% increase)
- Turkish Furniture ($4.28 billion in 2021, 23.9% increase)
- Turkish Ceramics ($1.2 billion in 2021)
- Turkish Suits
Imports from Türkiye (Turkey) should unquestionably be taken into account when choosing which nations to source goods from. As a result of Türkiye (Turkey)’s a preferential trade deal with the EU, which provides significant benefits for the customs union between the EU and Türkiye (Turkey), exports from Türkiye (Turkey) are expected to grow significantly in 2022.
Türkiye (Turkey)’s Exports Leapt to Record of Nearly $225.4B in 2021
In 2021, Türkiye (Turkey)’s exports soared to a new high of around $225.4 billion. The moment is now to take advantage of Türkiye (Turkey)’s recent surge in corporate confidence.
The 2021 year-over-year increase in foreign sales of 32.9% necessitated a much-welcomed increase in the 2022 export objective to $250 billion. Exports have increased significantly since they were only $36 billion, or about 19 years ago.
Although Ankara’s largest trading partners suffered as a result of the epidemic, exports from Türkiye (Turkey) have not only rebounded but have also reached record highs in 11 of the past 12 months.
Another first for Türkiye (Turkey), the nation’s proportion of global exports had topped 1% by October 2021, marking a more than sixfold increase over the previous 20 years.
By the end of 2021, there were 101,386 exporting businesses, up from just 33,523 in 2002. More than 32,000 new companies joined the list only last year.
Record Sales to Germany, U.S., U.K.
Turkish exports, which account for about half of the country’s total exports, increased 33% year over year to $93.1 billion, resulting in a $7.7 billion trade surplus with the EU.
According to the report, sales to the US increased by $4.54 billion, or 44.6%, from the previous year.
After Ankara and London agreed to a post-Brexit free trade agreement in December 2020 to support a trading cooperation worth over $25 billion, exports to the U.K. increased by 22% in the first year.
It’s time to support the further export boom predicted for Türkiye (Turkey). Due to the improved product quality for many products, as shown below, plus the ability to retain a high selling price, exporting goods to the EU or the UK can result in substantial profit margins.
Here are our top 6 suggestions for 2022 if you’re seeking products to import from Türkiye (Turkey) and sell:
Import Knitwear and Fashion Apparel from Türkiye (Turkey)
According to figures from the Turkish Statistical Institute and the nation’s ministry of trade, apparel exports from Türkiye (Turkey) climbed by 23.02% year over year in the first eleven months of 2021. Türkiye (Turkey) exported clothes worth $16.676 billion from January to November 2021 as opposed to $13.555 billion during the same period in 2020.
In 2021, Turkish footwear exports increased by 22.9% year over year and for the first time reached $1 billion.
Import Jewelry From Türkiye (Turkey)
In November 2021, Türkiye (Turkey)’s exports reached an all-time high of $21.51 billion, up 33.7% from the previous year. Germany was the top export partner, followed by the UK, the US, Iraq, and Italy.
Turkish jewellery exports grew significantly in 2021 over the previous year. The value of all Turkish exports of gold and silver jewellery, gemstones, and diamonds, excluding bullion, was predicted to increase by 180% in 2021 compared to 2020, driven by soaring demand in the U.S. and Middle Eastern markets.
After a very strong showing by Turkish exporters at the JCK exhibition in Las Vegas this year, the U.S. is poised to surpass other locations like Dubai and take the top spot among export destinations for the country’s jewellery and gemstone industry in value terms in 2021.
Import Carpets from Türkiye (Turkey)
The Turkish carpet is becoming more and more popular around the world. With a 2.8% growth in the carpet sector and a year-over-year increase of more than 10%, exports of $2.605 billion were made in 2020. Turkish companies are world leaders in the carpet industry.
Türkiye (Turkey)’s ambitious goal of $5 billion per year by expanding its size makes it worthwhile for any importer to give it some thought.
Import Ceramics From Türkiye (Turkey)
Regarding the nation’s ceramic industry, he claimed that Türkiye (Turkey)’s exports of ceramics amounted to over $1.2 billion in 2017.
One of the oldest and fastest-growing ceramic manufacturing sectors in the world is found in Türkiye (Turkey). One of Türkiye (Turkey)’s most advanced industries is the production of ceramic tiles. One of the top 10 ceramic tile producers in the world is now located in this nation. The nation’s industry ranks third in Europe and eighth worldwide. The US, UK, and Germany have the highest levels of demand for Turkish ceramics.
Import Furniture From Türkiye (Turkey)
Turkish furniture exports increase by 23.9% in 2021 to $4.28 billion.
In the furniture sector, Türkiye (Turkey)’s top export destinations in 2021 were the United States, Germany, England, Iraq, and Israel. Bedsteads and cradles for children, armchairs, chairs, hardwood furniture for dining and living rooms, metal furniture, and sofas that could be converted into beds were the most exported goods at this time.
Import Suits From Türkiye (Turkey)
Turkish clothing exports, particularly to EU markets, will keep rising since Turkish clothing has a far higher reputation for quality than Chinese clothing and Chinese clothing is less price competitive due to high Chinese salaries. The continuous weakening of the Turkish currency, which favours Turkish exporters in terms of pricing, is another issue.
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