Turkey exports to two major markets, the United States and Germany, which again took the black share in The country’s overseas sales rose to record levels in 2022.
Exports to the United States amounted to a record level of $14.3 billion last yearMeanwhile, sales to Germany increased by 6.9%. in 2022 compared to the previous year year It reached $18.9 billion, marking its highest level ever, according to a report by the Anadolu Agency (AA), on Tuesday, citing data issued by the Turkish Exporters Association (TIM).
While Germany is the most important trade a partner of Turkey, which keeps its records in Exports, Germany is among countries with the highest number of foreign companies in Country, with About 7,600 companies.
Germany was followed by the United States with $14.3 billion, historic peak, UK with $12.2 billion, Italy with 11.2 billion dollars and Iraq with $10.4 billion.
While Turkey’s exports to the United States increased by 11.8%, an increase of 5.3% was recorded in Exports to Italy and 16.4% to Iraq.
The country’s exports decreased by 7.2% to the United Kingdom.
US exports
while turkey remains center of gravity for world brands, increase in investment and trade with The United States enabled Turkey to obtain it more effective results in its foreign sales to the country.
United State demand for Turkish products reached their peak with the presence of American companies in country and operating in Turkey expanded its business activities.
While exports to the United States increased by 11.8%. in 2022 compared to the previous year yearthe share of United State in Turkey’s exports reached 5.6%, which made it second The country to which Turkey was exporting the most last year.
It was the United States also the second country in Turkey’s exports to it increased more than others in terms of the value.
the countries To which Turkey has increased its exports more than others in terms of the value last year It was Russia with $2.3 billion increase, United States with $1.5 billion, Iraq with $1.4 billion, Romania with $1.4 billion and Germany with 1.2 billion.
In this Turkish period made foreign sales of $7.6 billion for Russia, $10.4 billion for Iraq, and $6.3 billion for Romania.
the countries in Which Turkey’s exports fell the most in terms of It was a UK value with $949.1 million decreaseChina with $465.5 million, Belgium with 318 million dollars, Spain with 205.2 million dollars and Singapore with $198.6 million.
Car exports lead
else yearAuto industry made Most exports to Turkey No. 1 exports marketGermany with $4.3 billion.
The ready-made auto industry followed-made clothes and apparel with $3.6 billion in ferrous and non-ferrous metals with $2.1 billion electricity and electronics with $1.3 billion, chemicals and products with $1.3 billion.
Meanwhile, exports of ships, yachts and services amounted to $6.7 million, other industrial products to $8.1 million, plants and ornamental products to $11.7 million, tobacco to $12.2 million, and olive and olive oil to $41 million.
Ferrous and non-ferrous metals sector made the highest more in exports to Germany on value basis with 414.6 million dollars.
This sector was followed by the automotive industry with $224.7 million in ready-made apparel apparel with $172.1 million steel industry with $140.8 million for chemicals and their products with $88.7 million.
The steel industry exported $903.5 million to the country last year.
exports of Hazelnuts and their products to Germany decreased by 44.3 million dollars to 489.6 million dollars, while exports decreased of The Fresh Fruits and Vegetables segment decreased by $44.1 million to $243.6 million.
