#turkey biggest export

[seairexim]

Understanding Top Exports of Turkey in 2024: Key Insights

Turkey’s export industry plays a significant role in its economy, making it one of the leading countries in global trade. In 2024, Turkey continues to thrive as a vital exporter of goods across diverse sectors, from automotive products to textiles, machinery, and agricultural commodities. As Turkey’s position in international markets strengthens, understanding the top exports of Turkey, its key trade partners, and Turkey export data offers a detailed picture of how its global trade landscape is evolving.

Top Exports of Turkey in 2024

Turkey’s exports are dominated by several key sectors, including automotive, textiles, electronics, and agriculture. The top exports of Turkey include:

Automotive Products: The automotive industry remains Turkey’s largest and most valuable export sector. In 2024, Turkey continues to be a leading producer and exporter of cars, buses, trucks, and automotive parts, primarily to European countries. The automotive sector contributes significantly to the country’s GDP and export revenues, cementing its position as the Turkey biggest export.

Textiles and Apparel: Turkey is globally recognized for its high-quality textiles and garments, which have been central to its export economy. Turkish-made clothing, fabrics, and home textiles are in high demand in European and North American markets. The strong emphasis on innovation and sustainability in textile production has allowed Turkey to remain competitive in this industry.

Machinery and Electronics: Turkey is a significant exporter of machinery and electronic equipment. These include industrial machinery, electrical appliances, and consumer electronics. Turkish machinery, known for its durability and innovation, is widely exported to both developing and developed nations.

Agricultural Products: The agricultural sector remains a cornerstone of Turkey’s economy, contributing significantly to its exports. Turkey exports a wide range of agricultural products, including fruits, vegetables, cereals, and processed foods. Olive oil, nuts, and grains are some of the top agricultural exports that have helped Turkey establish itself as a major player in global agricultural trade.

Chemicals and Petrochemicals: In 2024, the demand for Turkish chemical products, including plastics, rubber, and pharmaceuticals, continues to rise. Turkey’s export of petrochemical products to European and Middle Eastern countries has increased, driven by regional demand for industrial materials.

Turkey’s Biggest Export Categories

The Turkey biggest export categories reflect the country’s industrial strength and strategic capabilities. Here’s a breakdown of the key categories dominating Turkey’s export economy in 2024:

Vehicles and automotive parts: This sector contributes over 20% of Turkey’s total exports.

Machinery and mechanical appliances: This sector, which includes heavy machinery and electrical equipment, is crucial to the country's manufacturing and export capacity.

Textile products: Turkey is among the world’s leading exporters of textiles and garments, particularly in fast fashion.

Iron and steel products: Turkey’s robust steel industry supplies raw materials and processed goods to countries across the globe.

Agriculture and food products: Turkish olive oil, dried fruits, nuts, and cereals remain highly sought after in international markets.

Turkey Export Products in 2024

The variety of Turkey export products highlights the diversity of its economy and its ability to meet global market demands. Turkey’s top exports span various sectors and reflect its industrial strengths:

Automobiles and components: Turkish automakers continue to produce vehicles and components for leading car brands in Europe and beyond.

Apparel and textiles: Turkey's textile industry has evolved, with sustainable and eco-friendly products gaining traction in international markets.

Food and beverages: Turkish agricultural products, such as tea, olives, and nuts, are widely exported to neighboring regions and beyond.

Electronic equipment: Turkey’s production of household appliances and industrial electronics has grown, leading to increased exports of electronic goods.

Furniture and home decor: Turkish furniture and interior decor products are becoming increasingly popular, especially in the Middle East and Europe.

Turkey Export by Country: Key Trade Partners

Turkey’s geographical location between Europe and Asia makes it an essential trade partner for numerous countries. In 2024, the data for Turkey export by country shows strong trading relationships with the following nations:

Germany: Germany remains Turkey’s largest export partner. Turkey’s automotive, textile, and machinery products are in high demand in the German market. This long-standing trade relationship has only strengthened over the years.

United States: The U.S. continues to be a significant market for Turkish products, particularly textiles, electronics, and machinery. Turkey’s exports to the U.S. are projected to grow further as both countries explore deeper trade ties.

United Kingdom: Post-Brexit, Turkey and the UK have maintained a strong trade relationship, especially in sectors like textiles, machinery, and automotive. The two countries benefit from trade agreements that streamline the export process.

Italy and Spain: These two southern European countries are major consumers of Turkish textiles, machinery, and agricultural products. Turkey’s trade with these nations is expected to grow as demand for Turkish goods remains strong.

Iraq and the Middle East: Turkey’s proximity to Middle Eastern countries, particularly Iraq, Iran, and the UAE, makes it a critical trade partner in the region. The agricultural and construction industries dominate Turkey’s exports to these countries.

Russia: Despite political challenges, Russia remains a significant importer of Turkish agricultural products, textiles, and machinery. Trade relations between the two countries are expected to continue despite global uncertainties.

France: Turkey’s trade with France revolves around automotive and textile exports. The demand for Turkish-made vehicles and clothing in the French market has shown consistent growth over the years.

Turkey Export Data for 2024

According to Turkey export data, the country’s export volumes have increased in 2024 despite global economic challenges. Turkey’s total exports in 2024 are projected to exceed the previous year by around 7-9%, supported by increased demand for Turkish goods in Europe, Asia, and North America. The automotive, textile, and electronics sectors are expected to drive the bulk of this growth.

The Turkish government has implemented several policies to support exporters, including financial incentives and digital platforms that simplify trade processes. These measures have helped Turkish businesses access global markets more easily. Additionally, Turkey’s focus on renewable energy and green technologies is opening new opportunities for export growth in the energy sector.

Challenges and Opportunities in 2024

While Turkey’s export economy continues to grow, it faces challenges such as global inflation, rising energy costs, and supply chain disruptions. However, Turkey’s competitive pricing, driven by the devaluation of the Turkish lira, has made its products more attractive to international buyers.

New free trade agreements with African and Asian nations are also set to expand Turkey’s market access. Investments in renewable energy, particularly solar and wind power, are expected to create new export opportunities in the coming years. Furthermore, Turkey’s efforts to reduce carbon emissions in its manufacturing processes will enhance its global competitiveness.

Conclusion

Turkey’s export sector in 2024 is a testament to the country’s resilience and adaptability in the face of global challenges. With strong performances in automotive, textiles, electronics, and agriculture, Turkey has maintained its position as a vital player in the global market. By diversifying its Turkey export products, strengthening trade ties with key countries, and adapting to new global trends, Turkey’s export landscape is set for further growth in the coming years. However if you need import export data connect with ExportImportData.in.

Also Read: The Surge of Mobile Exports from India in 2024

[zvaigzdelasas]

Afghanistan’s Taliban has signed seven mining contracts that would bring roughly $6.5 billion in investments to the ruling government, the Associated Press reported on Thursday. This figure, AP says, represents the biggest round of deals made by Taliban since seizing power two years ago. According to AP, the contracts are with locally based companies, many of whom have foreign partners in countries including China, Iran and Turkey. They include the extraction and processing of iron ore, lead, zinc, gold and copper in four provinces: Herat, Ghor, Logar and Takhar.[...]

In an official statement, Dilawar said that the agreement with a Chinese company for gold extraction in Takhar would bring the Taliban government a 65% share of the earnings over five years. He added that other contracts involving Turkish, Iranian and British investments related to mining and processing iron ore in Herat would earn the government a 13% share over 30 years. “It will eventually turn Afghanistan into an exporter of iron,” he said.[...]

Tamim Asey, a former official with the Afghan ministry of mines and petroleum, is more skeptical of the Taliban’s new dealings, calling the announcement “mere propaganda.”

31 Aug 23

[hasufin]

Scale of the problem

I'm currently reading this book, Combat-Ready Kitchen. See, food preservation is one of my little fascinations - I love making food in general, and preserving it is a fun thing besides. One of my most popular posts was about hardtack; I do pressure canning on the regular; and I make my own turkey jerky - just to mention a few things.

So, obviously this is a topic of interest for me. Now, I have some issues with the book - basically I mildly-to-strongly disagree with most of the characterization of history prior to 1900, which does make me a little wary: if you're pushing a poorly-supported theory on sedentism, can I really trust you about K-rations?

That said, the book brings up an important, and horrifying point. See, the gist of the book is that the US military has played an enormous role in food science of the 20th and 21st centuries. Many processed food we eat today use techniques which were developed to create fieldable rations for soldiers.

And this leakage of military technology into the civilian sphere is very, very intentional. See, the idea is that if the USA were to, oh, decide to field an army of 20 million people, they would need only call up Frito-Lay, ConAgra, &c, and say "You need to start making food for the military now, the bill will pass Congress within the week" and that's a thing which can happen. Because the process which is used to make Cheetos is also the process to make "Corn-based snack food, cheese-flavored". The granola bars you take with you on road trips are the granola bars they put in MREs. It's the same technology, just with advertising.

And I'm realizing, from my time working for the US government - it's that way all around. You assume the emphasis on COTS (Commercial Off The Shelf) products is meant to save money - and it is - but it's also meant to assure that at any given time the USA has a manufacturing capacity which can be almost instantly be turned into cranking out America's biggest export: war.

USA policy, from the end of WWII until the 80s, was focused on assuring that America had the industrial capacity to manufacture the largest war machine in history. Since the 80s that has been vastly reduced - apparently the plutocrats felt that breaking unions was more important than killing people - but the technology transfer and supply chains still exist.

All it would take is an act of Congress to turn the entire USA into a military.

[allthebrazilianpolitics]

Turkey, Brazil are main buyers of Russian seaborne diesel after EU embargo

Turkey and Brazil have been the main importers of Russian seaborne diesel and gasoil since the European Union banned the import of Russian oil products, data from market sources and finance company LSEG showed.

Before the full EU embargo went into effect in February 2023, Europe was the biggest buyer of Russian diesel.

According to the LSEG data, Russia shipped about 1.07 million metric tons of low-sulphur diesel and gasoil to Turkey in September after shipping 1.04 million tons the previous month.

Diesel exports from the Russian ports to Brazil increased last month to 0.78 million tons versus 0.58 million tons in August, shipping data shows.

Continue reading.

[viratsteelspecial-blog]

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[whywouldyouaskthatpod]

Silphium was a North African herb that came from the area around modern Libya that the Roman's really loved for a few reason, not least of which because it was supposedly a great form of birth control. Not just birth control, this cool little plant had some amazing resin that was used as a cure-all for nausea, fevers, chills, and more! People outside of Libya enjoyed it's contraceptive properties so much that the area exported so much Silphium that the city became one of the biggest economic powers at the time. That's how it ended up on this coin pictured above.

They used it so often, in fact, that the plant went extinct before the fall of the Roman Empire. However, it might not be extinct after all! According to a report from National Geographic, Mahmut Miski first discovered — or perhaps rediscovered — a blooming yellow plant in regions of Turkey back in 1983. If you're interested, read about the discovery here and find out the fate of the amazing plant!

You can hear us talk about it on this week's episode Heartfelt History: Symbol of Love!

Screen Reader text is in the image description.

[trustednewstribune]

Saudi Arabia dives into Ukraine war peace push with Jeddah talks

India has also confirmed its attendance in Jeddah, describing the move as in line "with our longstanding position" that "dialogue and diplomacy is the way forward."

RIYADH: Saudi Arabia was set to host talks on the Ukraine war on Saturday in the latest flexing of its diplomatic muscle, though expectations are mild for what the gathering might achieve.

The meeting of national security advisers and other officials in the Red Sea coastal city of Jeddah underscores Riyadh's "readiness to exert its good offices to contribute to reaching a solution that will result in permanent peace," the official Saudi Press Agency said Friday.

Invitations were sent to around 30 countries, Russia not among them, according to diplomats familiar with the preparations. The SPA report said only that "a number of countries" would attend.

It follows Ukraine-organised talks in Copenhagen in June that were designed to be informal and did not yield an official statement.

Instead, diplomats said the sessions were intended to engage a range of countries in debates about a path towards peace, notably members of the BRICS bloc with Russia that have adopted a more neutral stance on the war in contrast to Western powers.

Speaking on Friday, Ukrainian President Volodymyr Zelensky welcomed the wide range of countries represented in the Jeddah talks, including developing countries that have been hit hard by the surge in food prices triggered by the war.

"This is very important because, on issues such as food security, the fate of millions of people in Africa, Asia, and other parts of the world directly depends on how fast the world moves to implement the peace formula," he said.

Saudi Arabia, the world's biggest crude exporter which works closely with Russia on oil policy, has touted its ties to both sides and positioned itself as a possible mediator in the war, now nearly a year and a half old.

"In hosting the summit, Saudi Arabia wants to reinforce its bid to become a global middle power with the ability to mediate conflicts while asking us to forget some of its failed strategies and actions of the past, like its Yemen intervention or the murder of Jamal Khashoggi," said Joost Hiltermann, Middle East programme director for the International Crisis Group.

The 2018 slaying of Khashoggi, a Saudi columnist for The Washington Post, by Saudi agents in Turkey once threatened to isolate Crown Prince Mohammed bin Salman, the kingdom's de facto ruler. But the energy crisis produced by the Ukraine war elevated Saudi Arabia's global importance, helping to facilitate his rehabilitation.

Moving forward Riyadh "wants to be in the company of an India or a Brazil, because only as a club can these middle powers hope to have an impact on the world stage," Hiltermann added.

"Whether they will be able to agree on all things, such as the Ukraine war, is a big question."

'Balancing'

Russia invaded Ukraine on February 24, 2022, failing in its attempt to take Kyiv but seizing swathes of territory that Western-backed Ukrainian troops are fighting to recapture.

Beijing, which says it is a neutral party in the conflict but has been criticised by Western capitals for refusing to condemn Moscow, announced on Friday it would participate in the Jeddah talks. "China is willing to work with the international community to continue to play a constructive role in promoting a political settlement of the Ukraine crisis," said foreign ministry spokesperson Wang Wenbin.

India has also confirmed its attendance in Jeddah, describing the move as in line "with our longstanding position" that "dialogue and diplomacy is the way forward."

South Africa said it too will take part.

Saudi Arabia has backed UN Security Council resolutions denouncing Russia's invasion as well as its unilateral annexation of territory in eastern Ukraine.

Yet last year, Washington criticised oil production cuts approved in October, saying they amounted to "aligning with Russia" in the war.

This May, the kingdom hosted Zelensky at an Arab summit in Jeddah, where he accused some Arab leaders of turning "a blind eye" to the horrors of Russia's invasion.

In sum, Riyadh has adopted a "classic balancing strategy" that could soften Russia's response to this weekend's summit, said Umar Karim, an expert on Saudi politics at the University of Birmingham.

"They're working with the Russians on several files, so I guess Russia will deem such an initiative if not totally favourable then not unacceptable as well."

[news365timesindia]

[ad_1] 5 min read Last Updated : Oct 11 2024 | 6:00 PM IST By Bloomberg News Russian exporters are facing mounting liquidity challenges amid delays in receiving payments from foreign banks fearful of falling foul of US sanctions.   Click here to connect with us on WhatsApp While companies aren’t missing payrolls and other obligations, daily spending is increasingly difficult to plan because of unpredictable cash flows, according to executives at five major commodities producers, speaking on condition of anonymity as the information is sensitive. That’s adding to pressures on their cash reserves, the people said, particularly as overnight borrowing costs on domestic and foreign currencies have surged above 20% and there’s little or no availability of the yuan, the main foreign-exchange currency in Russia now.  Managing payments has become a time-consuming and manual process, with teams of employees calling international banks daily to explain why transactions aren’t in breach of sanctions, the executives said. Even so, payments sometimes take more than a month to process amid a constant risk of rejection, they said. The US measures imposed in June sought to ramp up pressure on the Kremlin’s ability to fund its war in Ukraine by putting local banks in countries that trade with Russia at a higher risk of so-called secondary sanctions. That has delayed and disrupted payments to and from places like China and Turkey that have become key trading partners for Russia since the US and its Group of Seven allies imposed sweeping restrictions in response to the war.   The rising level of pain in Russia’s economy has caught the attention of President Vladimir Putin. The cross-border payment problem “is one of the serious challenges for us,” he told an Oct. 4 meeting of Russia’s Security Council.  “Payment problems have long been affecting the economy through increased transaction costs and increased ruble exchange rate volatility, which affects inflation expectations and inflation itself,” said Dmitry Polevoy, the investment director at Moscow-based Astra Asset Management. “Initially, importers had more problems, which supported the ruble, but difficulties for exporters threaten to increase pressure on the exchange rate.”  The Bank of Russia has hiked its key interest rate to 19% and warned of a possible further increase this month, amid a weakening ruble and persistent inflation that’s more than double its 4% target. The currency is slipping toward 100 per dollar after declining about 8% against the greenback so far this year. “High transaction costs associated with restrictions on cross-border payments, as well as restrictions on export infrastructure” are among key challenges for Russia’s economy, Alexey Mordashov, billionaire owner of steelmaker Severstal, told a meeting of government and business officials this week. “The issue is very acute and restrictions are growing,” Mordashov said. “I would like to ask the government to pay close attention to it.” Other top exporters have acknowledged payment difficulties in financial statements. MMC Norilsk Nickel PJSC, Russia’s biggest miner, said its trade and other accounts receivable, the amount owed by customers, increased by more than $300 million in the first half of the year as a result of problems in trans-border payments. United Co. Rusal International PJSC, Russia’s top aluminum producer, reported that accounts receivable from third parties jumped 25%, or $307 million, in the same period.  The companies declined to comment on the situation for this story.  Some Russian companies have responded to the US restrictions by transferring deal settlements, including in yuan, to banks in neighboring countries such as Kazakhstan. Others have turned to cryptocurrency or even barter agreements to get paid.  As a result, top Russian exporters cut currency sales in Russia by 30% in September to just $8.3 billion as the

ruble gained a larger role in settlements, according to central bank data published on Tuesday. That’s contributed to a shortage of foreign currency liquidity inside Russia including in the yuan, which the central bank views as the main “friendly” currency in contrast to the “toxic” dollar and euro.  Russia has also switched much of its foreign trade into the ruble, which now accounts for 40% of its international operations, Putin said last month. The government is working to develop a payment system for use within the BRICS group of nations that may be presented when Putin hosts a summit of member states in Kazan this month.  What Bloomberg Economics Says...   “What we see with payments for exporters is a painful period of adjustment, but if nothing else happens, the situation should not get much worse. In 2023, we saw delays in payments for oil companies, but it has been resolved.” Alex Isakov, Russia Economist The difficulties with payments may impact investment activity in Russia, which increased by 9% in 2023 and is expected to grow by another 5% this year, said Oleg Kuzmin, an economist at Renaissance Capital in Moscow. “Next year, we expect investment growth rates to slow to 1.5%,” he said.  There’s no quick fix on the horizon. Exporters and importers will probably have to continue to look for payment options outside Russia, keeping part of their earnings abroad even as they’ll have to repatriate some of the money to comply with government requirements, Polevoy said. © 2024 Bloomberg L.P. First Published: Oct 11 2024 | 6:00 PM IST [ad_2] Source link

[news365times]

[ad_1] 5 min read Last Updated : Oct 11 2024 | 6:00 PM IST By Bloomberg News Russian exporters are facing mounting liquidity challenges amid delays in receiving payments from foreign banks fearful of falling foul of US sanctions.   Click here to connect with us on WhatsApp While companies aren’t missing payrolls and other obligations, daily spending is increasingly difficult to plan because of unpredictable cash flows, according to executives at five major commodities producers, speaking on condition of anonymity as the information is sensitive. That’s adding to pressures on their cash reserves, the people said, particularly as overnight borrowing costs on domestic and foreign currencies have surged above 20% and there’s little or no availability of the yuan, the main foreign-exchange currency in Russia now.  Managing payments has become a time-consuming and manual process, with teams of employees calling international banks daily to explain why transactions aren’t in breach of sanctions, the executives said. Even so, payments sometimes take more than a month to process amid a constant risk of rejection, they said. The US measures imposed in June sought to ramp up pressure on the Kremlin’s ability to fund its war in Ukraine by putting local banks in countries that trade with Russia at a higher risk of so-called secondary sanctions. That has delayed and disrupted payments to and from places like China and Turkey that have become key trading partners for Russia since the US and its Group of Seven allies imposed sweeping restrictions in response to the war.   The rising level of pain in Russia’s economy has caught the attention of President Vladimir Putin. The cross-border payment problem “is one of the serious challenges for us,” he told an Oct. 4 meeting of Russia’s Security Council.  “Payment problems have long been affecting the economy through increased transaction costs and increased ruble exchange rate volatility, which affects inflation expectations and inflation itself,” said Dmitry Polevoy, the investment director at Moscow-based Astra Asset Management. “Initially, importers had more problems, which supported the ruble, but difficulties for exporters threaten to increase pressure on the exchange rate.”  The Bank of Russia has hiked its key interest rate to 19% and warned of a possible further increase this month, amid a weakening ruble and persistent inflation that’s more than double its 4% target. The currency is slipping toward 100 per dollar after declining about 8% against the greenback so far this year. “High transaction costs associated with restrictions on cross-border payments, as well as restrictions on export infrastructure” are among key challenges for Russia’s economy, Alexey Mordashov, billionaire owner of steelmaker Severstal, told a meeting of government and business officials this week. “The issue is very acute and restrictions are growing,” Mordashov said. “I would like to ask the government to pay close attention to it.” Other top exporters have acknowledged payment difficulties in financial statements. MMC Norilsk Nickel PJSC, Russia’s biggest miner, said its trade and other accounts receivable, the amount owed by customers, increased by more than $300 million in the first half of the year as a result of problems in trans-border payments. United Co. Rusal International PJSC, Russia’s top aluminum producer, reported that accounts receivable from third parties jumped 25%, or $307 million, in the same period.  The companies declined to comment on the situation for this story.  Some Russian companies have responded to the US restrictions by transferring deal settlements, including in yuan, to banks in neighboring countries such as Kazakhstan. Others have turned to cryptocurrency or even barter agreements to get paid.  As a result, top Russian exporters cut currency sales in Russia by 30% in September to just $8.3 billion as the

ruble gained a larger role in settlements, according to central bank data published on Tuesday. That’s contributed to a shortage of foreign currency liquidity inside Russia including in the yuan, which the central bank views as the main “friendly” currency in contrast to the “toxic” dollar and euro.  Russia has also switched much of its foreign trade into the ruble, which now accounts for 40% of its international operations, Putin said last month. The government is working to develop a payment system for use within the BRICS group of nations that may be presented when Putin hosts a summit of member states in Kazan this month.  What Bloomberg Economics Says...   “What we see with payments for exporters is a painful period of adjustment, but if nothing else happens, the situation should not get much worse. In 2023, we saw delays in payments for oil companies, but it has been resolved.” Alex Isakov, Russia Economist The difficulties with payments may impact investment activity in Russia, which increased by 9% in 2023 and is expected to grow by another 5% this year, said Oleg Kuzmin, an economist at Renaissance Capital in Moscow. “Next year, we expect investment growth rates to slow to 1.5%,” he said.  There’s no quick fix on the horizon. Exporters and importers will probably have to continue to look for payment options outside Russia, keeping part of their earnings abroad even as they’ll have to repatriate some of the money to comply with government requirements, Polevoy said. © 2024 Bloomberg L.P. First Published: Oct 11 2024 | 6:00 PM IST [ad_2] Source link

[seairexim]

The Essential Guide to the Exports of Turkey

Turkey's export sector is an integral pillar of its economy, demonstrating both diversity and resilience. The nation's strategic location, bridging Europe and Asia, has endowed it with a unique advantage, allowing swift access to various markets. Over the decades, Turkey has honed its export capabilities through technological advancements, enhanced production efficiency, and strategic international partnerships. This amalgamation of factors has not only spurred robust growth in its export sector but has also positioned Turkey as a formidable player in the global trade landscape. From automotive products and textiles to agricultural goods and high-tech equipment, Turkey’s export portfolio is extensive and varied, ensuring its economic stability and adaptability in a competitive international market. This guide delves deep into the historical growth, key factors, statistical insights, exports of Turkey, and contributions of various sectors that underscore Turkey’s significant presence in global exports.

Historical Perspective: Growth of Turkey's Export Sector

The history of Turkey's export sector is marked by a series of transformative milestones. In the early 1980s, the country adopted an export-oriented industrialization strategy, which significantly boosted its export capabilities. Since then, Turkey has continuously expanded and diversified its export portfolio. The establishment of customs unions with the European Union and free trade agreements with multiple countries has further accelerated Turkey's export growth, making it a competitive player in global trade.

Factors Contributing to the Strength of Turkey's Export

Several factors have contributed to the strength and resilience of Turkey's export sector. First and foremost, Turkey’s geographical position offers a significant advantage, allowing easy access to European, Asian, and Middle Eastern markets. Additionally, a skilled workforce, advanced manufacturing infrastructure, and government policies promoting export activities have played critical roles. Furthermore, major export of Turkey range from high-value automobiles to essential textiles, ensuring its economic stability and growth in the competitive global marketplace.

Analyzing Turkey’s Export Data Over the Years

The examination of Turkey export data reveals a positive trajectory over the years. The country has shown impressive growth in both the volume and value of its exports, indicating a robust and dynamic export sector. By analyzing data from various years, trends and patterns emerge, highlighting the nation's ability to adapt to global market demands and geopolitical changes. Such data not only underscores Turkey's export achievements but also provides insights into future opportunities and challenges.

Key Statistical Insights and Trends in Turkey’s Exports

A closer look at the statistical insights and trends in Turkey’s exports reveals several critical points. Key commodities such as automotive products, machinery, and textiles consistently rank high in export volumes and values. Additionally, the data indicates a steady expansion into new markets, particularly in regions like Africa and Latin America. The trend of increasing exports of high-tech products also suggests Turkey's shift towards more sophisticated and value-added goods, enhancing its competitive edge.

A Comprehensive List of Turkey's Export Products

The top exports of Turkey are diverse, ranging from industrial goods to agricultural produce. Key export items include:

Automotive products

Machinery and equipment

Textiles and clothing

Iron and steel

Electronics and home appliances

Agricultural products

Chemical products

Minerals and metals

Categorical Breakdown of Turkey's Export Products

Further breaking down Turkey export products list categorically, the country’s exports can be grouped into industrial, agricultural, and high-tech goods. Industrial exports mainly include:

Automobiles and automotive parts

Machinery and mechanical appliances

Iron and steel products

Agricultural exports cover a wide range of products, such as:

Fresh fruits and vegetables

Grains and pulses

Nuts and dried fruits

High-tech goods primarily involve:

Electronics and electrical machinery

Medical devices and equipment

Automotive Industry: A Keystone in Turkey's Export Market

The Turkey biggest export in the market is automobiles and automotive parts, automotive industry is a cornerstone of Turkey’s export sector, with a vast array of vehicles and automotive parts being shipped worldwide. Turkey is known for its high-quality production in the automotive sector, catering to demands from Europe, the Middle East, and beyond. Major international brands have established manufacturing plants in Turkey, boosting the country’s output and export capacity. This sector's success is attributed to its cutting-edge technology, efficient production processes, and skilled workforce.

The Pivotal Role of Textiles and Apparels in Turkish Exports

Textiles and apparel constitute a significant portion of Turkey's export market. Renowned for high-quality fabrics and innovative designs, Turkish textile exports have gained substantial popularity in international markets. The sector benefits from a long-standing tradition of textile production, coupled with modern techniques and sustainable practices. This blend of heritage and innovation has cemented Turkey's position as a leading exporter in the global textile industry.

Understanding the Export Influence of Turkey's Agriculture Sector

Agriculture holds a fundamental place in Turkey's export portfolio, with a variety of fruits, vegetables, grains, and processed agricultural products making a vital contribution to the country’s export revenues. The country’s favourable climate and fertile land support the cultivation of numerous crops. Additionally, Turkey’s agricultural exports meet international quality standards, ensuring the country's competitive stance in the global agricultural market.

Highlighting Turkey’s Most Significant Export Commodities

Among Turkey’s myriad export commodities, some hold particular significance due to their volume and value. These include automotive products, which are a major revenue generator. Iron and steel products also play a crucial role, given their use in various industrial applications globally. Furthermore, textiles and apparel remain a staple in Turkey's export mix, driven by quality and global demand. Each of these commodities reflects Turkey's strategic strengths in specific sectors.

Investigating Turkey's Leading Export Products by Volume and Value

Examining Turkey’s leading export products by both volume and value provides a comprehensive view of the country’s export economy. Automotive products top the list, followed by machinery, textiles, and iron and steel. Notably, agricultural products such as fruits and nuts also feature prominently, highlighting the diversity of Turkey’s export base. This analysis underscores the multifaceted nature of Turkey's exports and the country's ability to leverage various sectors for economic growth.

Top Export Markets for Turkish Goods

Turkey exports its goods to a wide array of international markets, with the European Union being one of the largest recipients. Germany, Italy, and the United Kingdom are significant destinations for Turkish exports, reflecting strong trade relations within Europe. Additionally, the Middle East, North Africa, and Asia also represent important markets, showcasing Turkey’s global reach. Each region presents unique opportunities and challenges that Turkey adeptly navigates to maintain its export growth.

Conclusion

In conclusion, Turkey's export sector exemplifies a dynamic and multifaceted engine of economic growth. The nation's strategic geographic position, coupled with its robust manufacturing infrastructure and skilled workforce, has facilitated its overall export success. Turkey’s diverse range of export products, from high-value automotive components to high-quality textiles and agricultural goods, ensures economic resilience and adaptability in the global market. Historical milestones, such as the adoption of export-oriented industrialization in the 1980s and the establishment of various trade agreements, have significantly boosted Turkey’s export capacity. As the nation continues to expand into new markets and shift towards more sophisticated, value-added goods, the future of Turkey's export sector remains promising. By analyzing past trends and understanding the contributions of various sectors, Turkey can continue to navigate international trade challenges and seize global opportunities, thereby sustaining its growth and competitiveness on the world stage.

Frequently Asked Questions (FAQs)

Q1. What are the main products exported by Turkey?

 Turkey’s top exports include automotive products, machinery, textiles, iron and steel, electronics, agricultural products, chemical products, and minerals and metals. Each of these categories plays a significant role in contributing to the nation's economic stability and growth.  

Q2. Which regions are the primary destinations for Turkish exports?

Turkey exports to a diverse range of international markets, with the European Union being the largest recipient. Key countries include Germany, Italy, and the United Kingdom. Additionally, notable markets in the Middle East, North Africa, and Asia have been expanding, reflecting Turkey’s global trade reach.

Q3. How does Turkey's strategic location benefit its export sector?  

Turkey's geographical position, bridging Europe and Asia, offers a significant advantage by facilitating easy access to various markets. This strategic location enables efficient transportation and logistics, enhancing Turkey's ability to meet global demand rapidly.  

Q4. What factors have contributed to the growth of Turkey’s export sector?  

Several factors contribute to the strength of Turkey’s export sector, including its strategic location, a skilled workforce, advanced manufacturing infrastructure, and supportive government policies. Additionally, partnerships through customs unions and free trade agreements have played crucial roles in bolstering export activities.  

Q5. How has Turkey’s export sector evolved over time?  

Turkey adopted an export-oriented industrialization strategy in the early 1980s, which significantly boosted its export capabilities. Since then, the country has diversified its export portfolio and expanded its reach, aided by strategic international collaborations and continuous improvements in production efficiency. 

Q6. What role does the automotive industry play in Turkey’s exports? 

The automotive industry is a cornerstone of Turkey's export sector, known for its high-quality production and significant contribution to export revenues. Major international brands have established manufacturing plants in Turkey, highlighting the country’s capacity and expertise in this sector. 

Q7. Why are textiles and apparel significant in Turkey’s export market?

Textiles and apparel hold a prominent place due to Turkey's long-standing tradition of high-quality textile production and innovative designs. The blend of heritage and modern techniques, along with sustainable practices, has cemented Turkey’s position as a leading exporter in the global textile industry. 

Q8. What are the future opportunities and challenges for Turkey's export sector?  

While Turkey’s export sector shows a positive trajectory, future opportunities lie in expanding into emerging markets and enhancing high-tech product exports. However, the sector must navigate challenges such as geopolitical changes and global market fluctuations to sustain its competitive edge.  

[zvaigzdelasas]

[Cyprus Mail is Greek-Cypriot Media]

in 1960 [the] strong friendship between Archbishop Makarios and President Nasser created the climate which has nourished the sincere friendship and understanding between our two peoples ever since.

The two countries have developed a network of cooperation in a variety of fields. First and foremost comes energy which has acted as a catalyst. The newly discovered gasfields in the Cypriot EEZ have recently acquired major importance, in view of the consequences of the war in Ukraine, which Europe had to face. It is, therefore, imperative that the Cypriot energy potential be linked to that of Egypt before being re-exported to Europe. It augers well that an agreement has been signed between Cyprus and Egypt to connect “Aphrodite”, the biggest Cyprus gasfield, with Egyptian liquefaction plants.

Moreover, the signing of the memorandum between Cyprus, Egypt and Greece for an electricity connection project holds great potential for connecting the electricity grids not only of the three signatories, but also of both continents together, thus diversifying their energy mix, and enhancing Europe’s energy independence. Extremely useful is also the fact that in 2019 Egypt partnered with regional countries (Cyprus, Egypt, France, Greece, Italy, Jordan and Palestine) the Eastern Mediterranean Gas Forum (EMGF) with headquarters in Cairo. This forum brings together governments the private sector and financial institutions to discuss the formation of a competitive regional gas market.[...]

[There is also] the trilateral cooperation agreement of Cyprus, Greece and Egypt and the two other agreements signed between Greece and Egypt. The first, the maritime treaty creating an exclusive economic zone for oil and gas drilling rights in the Mediterranean sea, was signed in Cairo on August 6, 2020, as a response to the illegal Libya (GNA)–Turkey maritime deal.

Moreover, [egyptian] Foreign Minister Sameh Shoukry in a statement to Al Arabiya on October 30 confirmed that dialogue between Egypt and Turkey to normalise their ties has come to an end as Turkish practices in the conflict-torn Libya remain unchanged.

11 Dec 22

[palmoilnews]

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[exim-pedia]

Top Export from Russia: A Comprehensive Guide

Russia, formally known as the Russian Federation, is the world's largest country, encompassing about one-tenth of the planet's surface. It is renowned for its vibrant culture, customs, literature, dance, and music. Despite its vastness, Russia is a superpower due to its abundance of minerals, oils, and other natural resources. The country has been a major producer and exporter of various agricultural and natural products for centuries.

In this blog, we will delve into the main exports of Russia, its primary export partners, detailed export data, and more. Let's begin by discussing the trade relationship between India and Russia.

Trade Between India and Russia

Russia and India have close trade ties. The bilateral trade between the two countries during 2022–2023 amounted to US $49.36 billion, with exports to Russia from India amounting to US $3.14 billion, and exports from Russia to India amounting to US $46.21 billion. As India’s rival, China’s relations with Russia grow closer, with Putin describing them as “the best in history,” it raises concerns for India. To strengthen ties, Modi’s first visit after winning the 2024 election is to Moscow, aiding in rebuffing Western efforts to cast Putin as a pariah and boosting relations with its key oil trade partner.

Export from Russia: Facts and Figures

In 2022, Russia was ranked 12th globally in terms of exports, with total exports worth $486 billion. Over five years, from 2017 to 2021, exports from Russia surged from $126 billion to $486 billion. Oil and petroleum products dominate Russia’s export landscape, with approximately 30% of the country's GDP derived from exports. Russia exports globally, totaling around 42,000 shipments, including natural gas, oil, cereals, metals, and fertilizers.

Major Exports of Russia

Here is a list of Russia's major exports:

Minerals, fuels, oils, etc.: US $348.35 billion

Iron and steel: US $21.49 billion

Fertilizers: US $17.36 billion

Pearls, stones, precious metals: US $16.85 billion

Aluminum and aluminum articles: US $9.96 billion

Wood and wood articles: US $8.56 billion

Fish, crustaceans, mollusks, etc.: US $7.78 billion

Cereals: US $7.24 billion

Copper and copper articles: US $7.15 billion

Inorganic chemicals: US $5.8 billion

Top Export Partners of Russia

Here are the top export destinations of Russia:

China: US $101 billion

India: US $40.4 billion

Germany: US $27.7 billion

Turkey: US $25.3 billion

Italy: US $25.1 billion

Around 55% of Russia’s total exports are shipped to these countries. Check out the Eximpedia.app dashboard and our Russia export data to find out more about Russia's export partners.

Top Ten Exports from Russia in Detail

1. Minerals, Fuels, and Oils

Minerals, fuels, and oils are Russia's biggest export products. In 2022, Russia exported these goods worth US $348.35 billion, comprising around 71.6% of total export products. Major exports include crude petroleum, refined petroleum, petroleum gas, coal briquettes, electricity, coal tar oil, petroleum coke, petroleum jelly, and lignite. The primary destinations for these exports are China, India, Italy, Germany, and the Netherlands.

2. Iron and Steel

Iron and steel are the second-largest export commodities in Russia. In 2022, Russia exported iron and steel worth US $21.49 billion, accounting for 4.3% of total exports. Key exports include wrought iron, cast iron, martensitic alloys, weathering steel, pig iron, and manganese. The main destinations are China, Italy, Kazakhstan, and Germany.

3. Fertilizers

Russia is the largest exporter of fertilizers, exporting 38 billion metric tonnes in 2022. This export was valued at US $17.36 billion, constituting 3.5% of total exports. Major exports include potassium chloride, diammonium phosphate, phosphate rock, and triple superphosphate. Leading destinations are Brazil, India, the United States, China, and Indonesia.

4. Pearls, Stones, and Precious Metals

Russia is the second-largest exporter of pearls, stones, and precious metals. In 2022, these exports were valued at US $16.85 billion, constituting 3.46% of total exports. Key exports include platinum, vanadium, gold, industrial diamonds, and cobalt, along with gemstones like demantoid garnet and Alexandrite. Major destinations are the United Arab Emirates, Switzerland, the United Kingdom, the United States, and Hong Kong.

5. Aluminum and Aluminum Articles

In 2022, Russia exported aluminum and aluminum articles worth US $9.96 billion, constituting 2.04% of total exports. Major exports include raw aluminum, airplane parts, window frames, radiators, foil, and air conditioning units. Key destinations are China, Japan, Turkey, Germany, and the United States.

6. Wood and Wood Articles

Russia is a competitive exporter of wood used for fuel and furniture manufacturing. In 2022, wood exports were valued at US $8.56 billion, holding a significant share of 31.76% of total exports. Major exports include beams, planks, fitches, boards, laths, fagots, twigs, and rough sticks. Key destinations are China, Uzbekistan, Japan, Kazakhstan, and the United States.

7. Fish, Crustaceans, Mollusks, etc.

Russia is the 7th largest exporter of fish, crustaceans, mollusks, and other seafood, valued at US $7.78 billion in 2022. Leading destinations are Norway, Portugal, the United Kingdom, Spain, and Germany.

8. Cereals

Russia is the 6th largest exporter of cereals, exporting 48 million metric tonnes in 2022. These exports were valued at US $7.24 billion. Major exports include corn, rice, barley, and rye. Leading destinations are Turkey, Egypt, Azerbaijan, Kazakhstan, and Pakistan.

9. Copper and Copper Articles

In 2022, Russia exported copper and copper articles worth US $7.15 billion, holding a 1.47% share of total exports. Key exports include copper alloys, copper foil, and unrefined copper. Major destinations are China, Germany, Turkey, the Netherlands, and Chinese Taipei.

10. Inorganic Chemicals

Russia is a significant exporter of inorganic chemicals, valued at US $5.8 billion in 2022. Major exports include aluminum oxide, aluminum hydroxide, synthetic rubber, filaments, sodium, fluorine, and caustic soda. Key destinations are China, Brazil, Belarus, India, and Kazakhstan.

How to Find Buyers from Russia?

To find the best buyers in Russia, visit Eximpedia.app. This platform provides detailed data on Russia's export by country, export data, buyer data, product-specific data, and more.

Conclusion

In this blog, we explored how Russia's main exports contribute to its GDP and overall economic welfare. As one of the world's largest economies, trading with Russia benefits both importers and exporters. Accessing accurate Russian import and export data is crucial for making informed trade decisions. Eximpedia.app provides comprehensive Russian trade data, helping traders navigate international trade more effectively.

For more detailed information, visit Eximpedia.app and enhance your international trade journey.

[head-post]

Reverse effect of Zelensky’s Swiss peace summit

Volodymyr Zelensky’s Global Peace Summit in Switzerland was supposed to show the world’s support for Kyiv and emphasise Russia’s isolation, but it turned out the other way round, The Spectator reports.

Russia was not invited. China did not send a delegation. Other major countries, including Brazil, India, Saudi Arabia, South Africa and the UAE, refused to sign the truncated final communiqué.

According to a former senior official in Zelensky’s administration, the Ukrainian leader “hoped the conference would be a new point of international support…. [but] it only showed how much support we have lost in the Global South.”

For almost all countries and global blocs, economic and strategic interests took precedence over principles. The EU took the lead in imposing sanctions but did not ban Russian oil, only capping the price at $60 a barrel rather than $73 for Urals crude. Europe has never imposed sanctions on Russian gas. It continues to import 15 per cent of its natural gas, of which 8 per cent comes from Russia via Ukraine and Slovakia. Last year, Gazprom paid Ukraine $850 million for transit, about 0.46 per cent of Kyiv’s GDP, making the Kremlin one of Ukraine’s biggest taxpayers. Only 8 per cent of EU companies have completely divested themselves of Russian assets.

Zelensky is the greatest salesman, Trump says

Senior US diplomats continue to forbid Ukraine from using long-range weapons on Russian territory (except for missile launch pads). Kyiv was recently advised to stop attacking Russian oil refineries for fear of causing an oil crisis. Donald Trump, meanwhile, recently said he would veto additional aid to Ukraine. He added:

“Zelensky is probably the greatest salesman of all living politicians. Whenever he comes to our country, he leaves it with $60 billion …. And then he comes back and says he needs another $60 billion.”

The Global South wants to keep importing Ukrainian grain and cheap Russian oil. India’s economy has grown thanks to vastly increased imports of Russian oil, much of which is re-exported back to Europe in the form of refined petrol. Turkey imports Russian gas and re-exports it to southern Europe, and has an extensive trade in agricultural and consumer products. The UAE has become a banking centre for Russia, which is under sanctions. China has nearly doubled its trade with Russia to more than $200 billion a year.

Sanctions have no power

The West’s reluctance to cut energy exports has allowed Russia to ignore sanctions. Russia’s GDP will grow more this year than any G7 country. Life in Moscow is almost normal thanks to parallel imports through neighbouring countries. Only 0.4 per cent of Moscow residents of military age have served in the army, compared with about 9 per cent in other regions such as Tuva and Buryatia.

The world seems to be engaged in “pre-peace” positioning. German Chancellor Olaf Scholz recently predicted that the war would end at the “next” peace summit – and that Russia should be invited to it.

Meanwhile, the conference in Switzerland on Ukraine was not a peace negotiation; it requires Russia’s participation, Linda Thomas-Greenfield, US Permanent Representative to the United Nations, said. She added at the UN meeting:

“This summit was not a formal negotiation. At the end of the day, a negotiated end to the war will require both Russia and Ukraine to sit down at the negotiating table in good faith.”

Read more HERE

[tsasocial]

ITM Istanbul with strong VDMA participation

ITM, to be held in Istanbul at the beginning of June, will once again see a strong participation of VDMA member companies. Almost 90 exhibitors from Germany will exhibit at the trade fair, most of whom are members of the VDMA. In addition to the VDMA member companies exhibiting with their own booth, numerous VDMA members will be represented in Istanbul via agents. They cover nearly all different machinery chapters with a focus on spinning, nonwoven, weaving, knitting, warp knitting, and finishing.

In Istanbul, the VDMA members will show their latest innovations. In technological terms, significant trends are digitalization and automation. These themes have been present for some time but will continue to play a central role in meeting the challenges for many years to come. Another trend that has also been around for a while is sustainability. Today it is much more than a buzzword: Efficiency in energy, raw materials or water as well as recycling are not feel-good issues but have a real economic and social background.

For the textile machinery manufacturers organized in the VDMA, Turkey is a major trading partner. In 2023, textile machinery and accessories worth approximately 350 million euros were exported from Germany to Turkey, which made Turkey the second biggest sales market for German companies. After three years in which China was the most important supplier of textile machinery to Turkey, Germany has now regained this top position.

Turkey is at the doorstep of Europe, which gives Turkish textile producers a powerful geographic advantage over Asian sourcing destinations. The textile companies in the region have deep experience and know-how in making the highest quality textile and apparel for leading markets of Europe and employ a young, dynamic, and well-educated workforce.

But ITM is not just a place for visitors from Turkey, as Dr. Harald Weber, Managing Director of the VDMA Textile Machinery Association explains: “It should not be forgotten that ITM not only attracts visitors from Turkey but also from the Middle East, Central Asia and North Africa. Turkey’s proximity to the European Union and its fully integrated textile value chain also makes it interesting in terms of the EU’s strategy for sustainable and circular textiles and the increasing importance of recycling in the future.”