The most exported Turkish products in the first 10 months of 2022

The most exported Turkish products in the first 10 months of 2022

The most exported Turkish products in the first 10 months of 2022

Despite escalating global economic crises, high international inflation rates and falling local Turkish lira prices, Turkey has maintained record export and production rates since early 2022. Last April, Turkey reached its highest monthly export rate of 23.4 billion dollars, a rise of 24.6% compared to the same month a year earlier. The value of exports reached 188 billion dollars during the first nine months of the year. This increase is part of the Turkish government's efforts to raise its exports to $300 billion by the end of 2022 by opening new markets and increasing agricultural, industrial and military production.

The agricultural sector received most of Turkey's exports this year, with exports increasing by 17% between January and September 2022. Turkey hit a record high in this sector in the first nine months of this year, amounting to USD 24.5 billion. Iraq led the importing countries of Turkish crops, with a value of 1.7 billion dollars, followed by Germany, with a value of 138.8 million dollars.


In the industrial sector, in particular the garment industry, a sector for which Turkey has been famous in recent years due to its quality and competitive prices. The ready-made garment industry reached 14 billion and 248 million dollars this year, a record 13.1% over the previous year. Turkish factories export their ready-made clothes to 212 markets around the world.


Turkey's share of exports in various sectors continues to increase. The Machinery Exporters Association of Turkey reported 12.5 billion dollars in export revenues, 7.9% higher than last year's exports in this industry.

Concerning the value of Turkish car exports, the value of Turkish passenger car exports amounted to 4 billion and 590 million dollars in the first half of this year, a 2% increase in the sector's exports, according to the country's Automotive Manufacturers Association (OSD). It also reported that Turkey produced about 650 thousand cars in the current year; a large number of them have been sold to 97 countries and free zones worldwide.


Turkey's furniture exports also recorded a remarkable increase of 22.6% in the first nine months of this year, achieving revenues of 6.2 billion dollars, the highest value recorded for exports in the sector.


As for imports, Iraq topped the list of neighbouring countries most imported from Turkey this year, while Bulgaria came in second place, then Greece, Iran, and Georgia in fifth place.

It was remarkable this year that the percentage of Turkish exports to the Balkans increased, reaching around 14 billion dollars in the first eight months of this year, 28.7% more than the same period last year. Romania led the list of importers, while Turkish goods and products were distributed to Albania, Bosnia and Herzegovina, Croatia and other countries. According to the statement of the Turkish Exporters Assembly, these countries have recently imported significant quantities of chemicals, cars, metals and electrical equipment from Turkey.

Talking about the record numbers of Turkish exports, we need to emphasize the percentage of Turkish exports to Egypt, as it achieved a record level of 2.8 billion dollars until August 2022. During the mentioned period, chemicals ranked first among the most exported Turkish products to Egypt, with 586 million dollars.

Economists suggest the reasons behind the rise in Turkish exports to the quality of its products and its acceptable prices in various markets and countries, particularly since the significant decline in the value of the local currency against the dollar has given Turkish goods a competitive advantage over competitors' products. Economic researchers also believe that the challenges facing global shipping supply lines have a significant positive impact on Turkey in terms of the distribution of its exports due to its geographical location in the middle of the continents of Asia and Europe.

We at Visionlar company are proud of our solid relations that extend into the Turkish market and of having sufficient and distinguished knowledge of the decision makers within companies, which gave us a differential advantage in offering the best prices to our customers and the ability to manufacture in record time.