• November 28, 2022
turkey import export data 2022

Why Turkey is the next exporting giant

Because of its ideal transcontinental location, Turkey has been a vital trading partner connecting Asia and Europe for many centuries. As a result, the country has a close trading relationship with the United Kingdom. The total value of goods traded between Turkey and the United Kingdom in 2021 will be US$19.2 billion. This represents a significant increase of US$16.8 billion over 2020. Here are some of the reasons why you should consider importing from Turkey.  

What can you import from Turkey

Vehicles other than railway or tramway, electrical machinery & equipment, machinery, mechanical appliances, knitted or crocheted apparel & clothing accessories, pearls and precious stones, articles of iron & steel are the top imports from Turkey into the United Kingdom. Turkey has a preferential trading agreement with the EU offering some great advantages as far as the EU Turkey customs union, making trade in 2022 is look increasingly strong for Turkeys’ exports.

Record Sales to Germany, U.S., U.K.

Exports to the European Union, which account for nearly half of Turkey’s total exports, increased 33% year on year to $93.1 billion, allowing Turkey to post a trade surplus of around $7.7 billion with the bloc. According to the data, sales to the United States increased 44.6% year on year, or $4.54 billion. Exports to the United Kingdom increased by 22% in the first year after Ankara and London signed a post-Brexit free trade agreement in December 2020 to support a $25 billion trade partnership. Now is the time to jump on board with the forecasted increase in Turkish exports. Selling products to an EU country or the UK can provide a high profit margin because product quality is superior for many products, as shown below, and a high selling price can be maintained.  

If you’re looking for some ideas to import from Turkey and sell here’s our largest growth potential growth potential of Turkey products

  1. Knitwear and Fashion Apparel ($16.676 billion in 2021, 23% increase)
  1. Jewelry ($21.51 billion in 2021, 33.7% increase)
  1. Turkish Carpets ($2.605 billion in 2020, 2.8% increase)
  1. Turkish Furniture ($4.28 billion in 2021, 23.9% increase)
  1. Turkish Ceramics ($1.2 billion in 2021)
  1. Turkish Suits

Import Knitwear and Fashion Apparel from Turkey

According to data from the Turkish Statistical Institute and the country’s trade ministry, apparel exports from Turkey increased by 23.02% year on year in the first eleven months of 2021. Turkey exported apparel worth $16.676 billion from January to November 2021, up from $13.555 billion in the same period in 2020. In 2021, Turkish footwear exports increased by 22.9% year on year, surpassing $1 billion for the first time.

Import Jewelry From Turkey

Turkey’s exports increased 33.7% year on year, reaching an all-time high of $21.51 billion in November 2021. Germany was the top export partner, followed by the United Kingdom, the United States, Iraq, and Italy. Turkish jewellery exports increased significantly year on year in 2021. The value of Turkish gold and silver jewellery, gemstone and diamond exports, excluding bullion, was estimated to be up 180% in 2021, compared to 2020, due to rising demand in the United States and the Middle East. Following a very successful performance by Turkish exporters, the United States is set to leapfrog other destinations such as Dubai and become the number one export destination for the Turkish jewellery and gemstone sector in terms of value in 2021.

Import Carpets from Turkey

The Turkish Carpet is gaining popularity around the world. $2.605 billion were exported in 2020, representing a 2.8% increase in the carpet sector and a more than 10% increase year on year. The carpet industry is one in which Turkey is a world leader. Turkey has set an ambitious target of $5 billion per year by expanding the scale, and this can be an extremely profitable product that any importer should consider.

Import Ceramics From Turkey

In terms of the country’s ceramic industry, Turkey’s ceramic exports totalled around $1.2 billion last year. Turkey has one of the world’s oldest and fastest-growing ceramic manufacturing industries. The ceramic tile manufacturing industry is one of Turkey’s most developed industries. The country has risen to become one of the world’s top ten ceramic tile manufacturers. The country’s industry ranks eighth in the world and third in Europe. Turkish ceramics are in high demand in the United States, the United Kingdom, and Germany.

Import Furniture From Turkey

Turkish furniture exports increased by 23.9% to $4.28 billion in 2021. In the furniture sector, Turkey exported mostly to the United States, Germany, England, Iraq, and Israel in 2021. Bedsteads and cradles for children, armchairs, chairs, wooden furniture for dining and living rooms, metal furniture, and sofas that could be converted into beds were the most exported products during this time period.

Import Suits From Turkey

Turkish clothing exports will continue to rise, particularly to EU markets, as high Chinese wages make China less price competitive, and Turkish apparel has a much higher quality image than Chinese apparel. Another factor is the gradual depreciation of the Turkish lira, which provides a price advantage to Turkish exporters.

How to get started importing from Turkey?

Step 1: Start to source for Turkey products

turkey exporters and turkey companies

Using Trade Data Pro, you will be able to see all the products being imported from Turkey. For example, by searching Turkey Export Tshirt, you will be able to see all the companies that are importing from Turkey factories. You will be able to see the importer, exporter, product description, the port of destination, port of loading, value and volume of the shipment. You can use this information to help you decide which product is worth importing.

Step 2: Start to source for Turkey exporters

turkey suppliers exporters of clothing tshirt 

After deciding on the product you would like to import from Turkey, you can use Trade Data Pro to find suppliers for the products. Using Trade Data Pro, you will be able to see the companies currently exporting such products and get their contact information. You will be able to compare suppliers, prices, and verify their trade records. 

Step 3: Start selling your Turkey products

turkey buyers importers of clothing tshirt

After importing from Turkey, you can now start to sell your products. By using Trade Data Pro, you will be able to see all the companies that are interested in “Tshirts”. You will be able to get their contact information and see their transaction history.  

2019 Data from Trade Data Pro  

Top 10 Import Partners

CountryImport US$
Russia23,115,236,226
Germany19,278,825,939
China19,127,997,104
United States11,847,544,776
Italy9,349,566,650
France6,760,062,936
India6,635,225,398
South Korea5,777,022,349
United Kingdom5,638,296,330
Spain4,446,112,450

Top 10 Import Goods

HS CodeImport US$
(27) Oil & Mineral Fuels41,731,206,756
(84) Industrial Machinery22,158,492,038
(85) Electrical Machinery15,445,701,311
(72) Iron & Steel15,049,676,845
(71) Precious Stones & Metals13,366,642,259
(39) Plastics11,800,079,651
(87) Motor Vehicles & Parts10,007,710,868
(29) Organic Chemicals5,965,247,034
(30) Pharmaceuticals4,911,312,180
(90) Precision Instruments4,505,106,856

Top 10 Export Partners

CountryExport US$
Germany16,617,492,227
United Kingdom11,278,995,688
Iraq10,223,404,727
Italy9,753,403,290
United States8,978,403,489
Spain8,139,094,146
France7,952,061,097
Netherlands5,761,792,372
Israel4,463,830,959
Russia4,152,137,036

Top 10 Export Goods

HS CodeExport US$
(87) Motor Vehicles & Parts26,901,185,364
(84) Industrial Machinery17,761,876,908
(72) Iron & Steel10,019,020,583
(85) Electrical Machinery9,748,348,854
(61) Apparel: Knit9,200,636,112
(27) Oil & Mineral Fuels8,447,382,584
(71) Precious Stones & Metals7,333,010,854
(62) Apparel: Non Knit6,871,158,601
(39) Plastics6,804,620,352
(73) Iron & Steel Articles6,689,571,292
To learn more on Turkey, read here on Turkey export hits historical monthly high of $23.4B in June 2022: https://blog.tradedata.pro/turkey-export-hits-historical-monthly-high-of-23-4b-in-june-2022/
 

The most trustable and reliable source for Trade Data.

Trade Data Pro is proudly made in Singapore. Singapore has been one of the world’s most politically stable countries, with an open and trade-driven economy. Trade Data Pro is presented by CIC, a government-linked company in Singapore CIC is a Join Venture of Zall Smartcom, SGX and GeTS.) Since the launch of Trade Data Pro in 2018, Trade Data Pro has received overwhelmingly positive remarks from market. This is because Trade Data Pro has wide coverage, low cost, and fast response. There are many leading companies from different industries that have subscribed to Trade Data Pro . Trade Data Pro was awarded with Singapore Quality Class in 2020 and Stevie Award Gold in 2021.
 
Businesses need information to reveal trends, identify market opportunities, track competitors buyers and suppliers, and better understand supply chain potential. Finding these critical data has traditionally been challenging. But this information do exist, but as part of government import and export filing requirement. The detailed shipment information which are within these filings constructions the core of the global trade. Trade Data Pro has gathered and packaged these information as business intelligence. Our solution helps companies understand the flow of goods across borders and features the world’s largest searchable trade database. We do the heavy lifting for you by reviewing, standardizing, and cleaning data, then delivering in an intuitive format.
 
If you want to learn how to use Trade Data Pro or request an online demo to improve your business, please contact us or email us at: sales@cic-tp.com

One reply on “Why you should be importing from Turkey in 2022”

  • […] Singaporeans will no longer be required to wear masks except on public transportation and in healthcare facilities beginning next Monday (Aug 29). The authorities announced details on Wednesday after Prime Minister Lee Hsien Loong said during his National Day Rally speech that COVID-19 rules on wearing masks will be eased. PUBLIC TRANSPORT Masks will still be required to be worn on public transportation modes such as the MRT, LRT, and public buses, as well as in indoor public transportation facilities such as bus interchanges and MRT platforms. On private modes of transportation such as taxis, school buses, and private bus services, masks will be optional. According to the Ministry of Health (MOH), passengers should check with private operators for additional service requirements. While masks are no longer required, drivers and passengers in taxis and private-hire vehicles are encouraged to continue wearing them, especially if they are feeling ill, according to the Land Transport Authority. Airports, naturally ventilated bus interchanges, and retail areas of bus interchanges, MRT and LRT stations will not require masks. INTERNATIONAL FLIGHTS Director of Medical Services at the Ministry of Health During a press conference, Kenneth Mak stated that when it comes to international flights, the requirement is determined by the rules of the destination of choice as well as the airline. “The carrier may impose requirements based on his country of origin as well,” he explained. “Where there is a mandatory requirement for masks to be worn… the mask must be worn on the flight itself.” However, in some countries, such as the United States, wearing a mask is optional. “In that situation, where countries do not enforce or will not require mask-wearing, flights to those destinations will not require mandated wearing on board the flight as long as the carrier does not have such a requirement as a condition for travel on that particular carrier as well,” Assoc Prof Mak explained. This means that passengers will be required to wear masks on outbound commercial flights and ferries from Singapore to destinations where masks are required. According to the MOH, this also applies to inbound commercial flights and ferries into Singapore from destinations that require mask wear onboard. Outbound commercial flights and ferries from Singapore to destinations that do not require mask-wearing onboard, as well as inbound commercial flights and ferries into Singapore from destinations that do not require mask-wearing onboard, do not require masks. Singapore Airlines announced that beginning on August 29, passengers will not be required to wear masks on flights unless they are travelling to or from destinations that require them. The airline provided a list of destinations that require masks. HEALTHCARE FACILITIES The mask-wearing requirement will continue to apply to healthcare facilities, residential care homes, and ambulances. Welfare and sheltered homes for the elderly, as well as adult disability homes, are examples of these. The same is true for COVID-19 treatment facilities, testing centres, and vaccination clinics. Masks will also be required in retail and food service establishments, as well as common areas within hospital buildings, national specialty centres, and polyclinics. However, masks are not required at physiotherapy and other allied health clinics located outside of hospitals for services such as speech therapy and occupational therapy, according to the MOH. Masks are also not required in facilities that provide non-residential community services such as center-based care, day care, and home care. SCHOOLS While the multi-ministerial task force did not provide information on mask use in schools during its press conference on Wednesday, the Prime Minister stated earlier in his National Day Rally speech that masks should not be worn in school. “The children must be able to see their teachers’ and each other’s facial expressions… “It’s critical for their learning and development,” he explained. RULES FOR FOOD HANDLERS Existing sector requirements for food handlers to wear masks remain in effect, according to a statement issued by the Singapore Food Agency (SFA) on Wednesday. In April 2020, the SFA mandated that all food handlers wear masks or other physical barriers. According to the SFA, this applies to all employees involved in the sale and preparation of food and beverages at retail F&B establishments such as hawker centres, coffee shops, restaurants, supermarkets, trade fairs, and non-retail food establishments such as food processing establishments and slaughterhouses. “All food handlers will still be required to wear a mask or spit guard over his nose and mouth capable of preventing any substance expelled from his mouth or nose from contaminating food,” the SFA stated. Face shields are not permitted because, due to a large gap at the bottom of the shield, they are not considered effective physical barriers. Those delivering plated food to customers, collecting payments, or performing cleaning tasks do not need to wear masks, according to Amy Khor, Senior Minister of State for Sustainability and the Environment. Face mask surplus According to fashion designers and other manufacturers who retooled their factories last year to produce different varieties of face coverings to help slow the spread of the coronavirus, the CDC last week said fully vaccinated individuals no longer need to wear masks in most settings, causing already waning mask sales to plummet. “Mask sales have almost disappeared,” Los Angeles Apparel founder Dov Charney told CBS MoneyWatch. “We did really well with it, and our employees were proud to be a part of it — and now we’re focusing on getting back to business as usual.” Last March, Charney and other apparel manufacturers responded to government requests for local businesses to produce face masks and other personal protective equipment in the midst of a nationwide medical supply shortage during the peak of the COVID-19 outbreak in the United States. According to Charney, when the South Central L.A.-based company was at its peak, more than 1,000 Los Angeles Apparel employees were producing hundreds of thousands of masks per week. “Masks sold extremely well. We were making them before the government told people to wear them, and when the government changed its mind, we had them in stock. It turned into a multimillion-dollar moment in a matter of days because we were in the right place at the right time “According to Charney. Brian Wolin, a chiropractor who entered the mask market when hospitals couldn’t get enough medical-grade PPEr, has also noticed a recent drop in orders. Protective Health Gear, which manufactures disposable NIOSH-approved N95 respirator masks, began tapering production last week as a result of the CDC’s surprise announcement easing requirements, which slowed new mask orders. Protective Health Gear now produces approximately 25,000 masks per day at its New Jersey headquarters, down from more than 100,000 masks per day when demand was highest. If demand does not improve — sales have dropped by about half since the beginning of the year, according to Wolin — he intends to halt production entirely. “We will undoubtedly cease production if we do not receive a government order or a buyer for our inventory. We’ll stop producing until we have an order to fill “Wolin stated. Cheap Chinese mask imports have pushed US manufacturers to the brink of bankruptcy as production has plummeted. According to Nikkei Asia, American manufacturer Premium-PPE has seen its monthly mask production drop nearly 90% from last year’s peak, falling to 4 million to 5 million. According to Taisei Hoyama of Nikkei Asia, its factory in Virginia Beach was filled with equipment and unsold merchandise. Its workforce, which once numbered up to 280 people, has shrunk to around 50. Declining exports Over 70 Vietnamese companies exported medical face masks to countries such as the United States, Europe, Singapore, and South Korea in August, totaling over 135 million units, a 12% decrease from the previous month. Notably, this is the second month in a row that Vietnam’s face mask export has declined, following a 35% month-on-month decrease in July. However, face mask export turnover fell in July as the Covid-19 pandemic was gradually contained in many countries. Domestic demand for face masks has also decreased as locals have become more calm and experienced in dealing with the Covid-19 pandemic. Face mask production is considered a viable solution for garment companies in Vietnam to maintain operations and offset losses from lower demand for garments in the face of the growing effects of the Covid-19 pandemic. 3M cut its full-year profit forecast on Tuesday (April 26) as demand for its disposable N95 masks fell in the face of dwindling Covid cases and the industrial behemoth grappled with rising inflation. The largest US mask manufacturer saw a drop in disposable respirator sales as coronavirus restrictions were lifted. The company’s problems with supply chain constraints, semiconductor shortages, and raw materials were exacerbated by Russia’s invasion of Ukraine. To find out more about accessing a new market, you can check out this article which teaches you how to use Trade Data Pro to access Turkey markets: https://blog.tradedata.pro/why-you-should-be-importing-from-turkey-in-2022/ […]

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