Turkey’s economy is open to foreign trade, which represents 61.4% of its GDP (World Bank, 2019). Automobile (12.1% of total exports including passenger cars, transport vehicles and accessories for vehicles) and oil products (3.9%) were top exports of Turkey in 2019, followed by jewellery, textile and steel products.

What are Turkey’s top 3 exports?

Turkey’s Top 10 Exports

• Iron, steel: $8.2 billion (5.2%)
• Electrical machinery, equipment: $8.1 billion (5.2%)
• Clothing, accessories (not knit or crochet): $6 billion (3.8%)
• Articles of iron or steel: $5.6 billion (3.6%)
• Plastics, plastic articles: $5.5 billion (3.5%)
• Mineral fuels including oil: $4.3 billion (2.8%)

What does Turkey export to us?

The top export categories 2-digit HS) in 2019 were: aircraft ($2.6 billion), iron and steel ($1.1 billion), mineral fuels ($769 million), machinery ($667 million), and cotton ($651 million). U.S. total exports of agricultural products to Turkey totaled $1.3 billion in 2019, our 21st largest agricultural export market.

What is the biggest industry in Turkey?

Manufacturing
Manufacturing is among the leading industries in Turkey, and it is still a growing sector which contributes significantly towards the country’s economy. The public sector dominates the manufacturing industry and accounts for about 40% of the value added in the industry.

What are the top 10 exports of Turkey?

Turkey’s top 10 exports accounted for under three-fifths (57.1%) of the overall value of its global shipments. Fruits and nuts was the fastest-growing among the top 10 export categories, up by 15.6% year over year since 2019. In second place for improving export sales was plastics and items made from plastic: which rose 10.7%.

How is product relatedness related to Turkey’s exports?

Relatedness measures the distance between a country’s current exports and each product. The barchart show only products that Turkey is not specialized in. The product space is a network connecting products that are likely to be co-exported.

What are the top import tariffs for Turkey?

The top product import tariffs by their MFN Ad Valorem value for Turkey are Bovine cuts boneless, fresh or chilled (225%) and Bovine cuts boneless, frozen (225%). Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country. caret-down Neighbors Continent Similar Curr. GDP Similar Curr. GDP PC

How much does Turkey import from the world?

In 2019 Turkey imported $193B, making it the number 26 trade destination in the world. During the last five reported years the imports of Turkey changed by -$25.6B from $218B in 2014 to $193B in 2019.