Trade Policy
08-11-2023
Turkey's imports of goods in 2022 totaled $363 billion.
The latest Tendata iTrader data shows that the top 10 Turkish imports, based on the 2-digit HS code, are:
- 27: Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (26%, 96 billion US$)
- 84: Nuclear reactors, boilers, machinery and mechanical appliances (9.5%, 34 billion USD)
- 72: Iron and steel (7.79%, 28 billion US$)
- 71: Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (6.44%, 28 billion US$) jewelry; coin (6.44%, 23 billion US$)
- 85: Electrical machinery and equipment and parts (5.92%, 21 billion US$)
- 39: Plastics and articles (5.21%, 18.9 billion US$)
- 87: Vehicles (4.86%, 17.6 billion US$)
- 29: Organic chemicals (3.05%, 11.1 billion US$)
- 76: Aluminum and articles (2.11%, 7.68 billion US$)
- 74: Copper and articles (1.51%, 5.51 billion US$)
When you need to analyze the market for the Turkey industry, you can find the latest Turkey Import Data in Tendata's Import/Export database by product name or 2-digit HS code, a sample of which is shown below (data as of October 2023) for your search:
According to Tendata iTrader's more granular 4-digit HS codes, Turkey's top 10 imports (sub-categorized) are:
- 7108: Gold (5.61%, $20 billion)
- 2710: Petroleum oils and oils from bituminous minerals (5.13%, $18.6 billion)
- 7204: Ferrous waste and scrap; remelting scrap ingots of iron or steel (2.67%, $9.71 billion)
- 2701: Coal (2.24%, $8.16 billion)
- 8703: Motor cars and other motor vehicles (2.19%, $7.98 billion)
- 8708: Parts and accessories of the motor vehicles of headings 87.01 to 87.05 (1.68%, $6.12 billion)
- 7601: Unwrought aluminum (1.43%, $5.23 billion)
- 7208: Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated (1.17%, $4.25 billion)
- 3902: Polymers of propylene or of other olefins, in primary forms (1.02%, $3.73 billion)
When you need to check the Turkish prospects for your product, you can find the latest Turkey Import Data in Tendata's Import/Export database by following the 4-digit HS code.The following is a sample of what is available for you (data as of October 2023):
The latest Tendata iTrader data shows that Turkey's main import partners are:
1.Russia (16.1%, 58 billion US$)
2. China (11.3%, 41 billion US$)
3. Special Categories (9.47%, 34 billion US$)
4. Germany (6.6%, 24 billion US$)
5. Switzerland (4.21%, 15.3 billion US$)
6. USA (4.18%, 15.2 billion US$)
7. Italy (3.87%, 14 billion US$)
8. India (2.94%, 10.6 billion US$)
9. France (2.59%, 9.42 billion US$)
10. Korea (2.47%, 9 billion US$)
When you want to know if your country cooperates with Turkey, you can find the latest Turkey Import Data in Tendata's Import/Export Database by country name, and here is a sample of what we have found for you (data as of October 2023):
People who know current affairs know that customs data plays a very important role in the import and export industry, such as determining the target market, looking for overseas quality customers, avoiding transaction risks and so on are inseparable from customs data.
The following is a detailed description of these cases:
1. Determine The Target Market
When a company wants to sell its products abroad, accurate target market determination is key. The consequences of spending time and energy on developing a country where there is no need or very little demand for one's products can be serious. At this time, you can query the product through Tendata I-Discovery, analyze the import and export situation of the product in different regions of the world, and visually view the growth trend of import and export, so that you can know which countries in the world need the product the most, and then the target market can be basically determined. (>>Click to Get FREE DEMO)
2. Looking For Global Quality Buyers/Suppliers
Here to introduce you to a use of customs data to find foreign customers skills. Take the United States as an example: now use Tendata I-Discovery, in the query goods description at the same time, in the conditions of origin, enter CHINA, you can be exported to the United States of all the transaction records of the goods extracted. And then based on Tendata I-Discovery analysis report, the procurement volume of large U.S. companies extracted, which is a potential high-quality U.S. buyers.(>>Click to Get FREE DEMO)
3. Formulate Production Plan to Avoid Trade Risks
For a production enterprise, the development of its own production plan is related to the future trend of the enterprise for a period of time, Tendata I-Discovery allows you to see the real transaction records of each enterprise, as well as detailed information about the enterprise, to avoid the risk of being cheated in trade.(>>Click to Get FREE DEMO)
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