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Turkey

Turkey Statistics

Turkey, one of the world’s newly industrialized countries, has an emerging market economy. The industries include textiles, food processing, automotive, electronics, tourism, mining of coal, chromate, copper and boron, steel, petroleum, construction, lumber, and paper.
Turkey is an important emerging economy with a positive growth rate. Turkey is the fastest growing economy in Europe, the world’s 25th largest, and the 6th largest European economy. Turkey has established open trade relations with foreign countries opening up its areas of foreign investments.
Turkey is the 23rd largest importer in the world with imports worth $204.3 billion in 2015. The top imports include machinery, chemicals, semi-finished goods, refined petroleum, transport equipment, and scrap iron.
The top import partners are China 12%, Germany 10.3%, Russia 9.9%, US 5.4% and Italy 5.1%. The value of Turkey’s imports is higher than exports leading to a negative trade balance of about $50 billion.
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GDP in USD Billion
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Population (2019)
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Area ( km. sq. )
Government Authority

turkey president

Recep Tayyip Erdoğan

Prime Minister of Turkey
Highlights


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Import Of Turkey:

In 2018 Turkey imported $202B, making it the number 26 trade destination in the world.
Main Import Countries

Export Of Turkey:

In 2018 Turkey exported a total of $177B, making it the number 29 exporter in the world.
Main Export Countries

Major Sectors

Agriculture Tourism Automotive industry Chemical industry Textile industry

Agriculture contributes 8.1% to the GDP. Agriculture labour force is 25.5% of total population., Agriculture plays a significant role in the economy of Turkey, the country was the largest producer in the world of agricultural commodities such as cherries, hazelnuts, apricots, figs, and pomegranates.
Turkey was also the 2nd largest producer of watermelons and quinces, and it was the world's 3rd largest producer of pistachios, green peppers, cucumbers, and lentils; Turkey was also a major producer of agricultural commodities such as tomatoes, apples, olives, eggplants, chickpeas, sugar beets, onions, almonds, grapefruit, lemons, cotton, and barley.
Since the 1980s the country has been self-sufficient in food production and in 1989 the country was producing 16.2 million tons of wheat and 3.4 million tons of barley. However, since the late 1980s agricultural output in the country has been declining, particularly as a contributor to the total economy. Agricultural exports ($23.39 billion) posted an increase of 3.4% in 2019, compared to the previous year.Cereals, pulses, oilseeds and products exports reached $6.79 billion with an annual increase of 1.6%. The Middle East and African countries, especially Iraq, were the most importer countries.

Turkey attracted a record number of visitors with 51.9 million people in 2019. A rise of 13.7 percent from the previous year.
86.2 percent of visitors were foreigners and the remaining 13.8 percent were Turkish citizens residing overseas. The Culture and Tourism Ministry also announced that foreigner visits to Turkey surged 14.1 percent on an annual basis, surpassing 45 million last year.
Istanbul, the country's world-famous touristic city, was the top arriving destination with nearly 15 million tourists, accounting for 33 percent of all foreign visitors in 2019The Mediterranean resort city of Antalya followed it with 14.65 million foreign visitors last year. The third top arriving destination was the northwestern province of Edirne, which borders both Bulgaria and Greece, welcoming some 4.3 million foreigners.

Turkey has a large auto manufacturing sector with international players Ford, Fiat Chrysler, Renault, Toyota and Hyundai all operating in the country. But at these facilities, Turkish workers are assembling cars and parts designed and conceived far away, often exporting the finished models to Europe.
The automotive industry in Turkey plays an important role in the manufacturing sector of the Turkish economy. The companies operating in the Turkish automotive sector are mainly located in the Marmara Region. In 2015 Turkey produced over 1.3 million motor vehicles, ranking as the 14th largest producer in the world.
Turkey's automotive sector topped the country's exports with $30.6 billion in 2019, while Istanbul was the largest exporter city in the country.
Overall exports increased 2% to reach $180.47 billion, hitting historical highs in 2019, according to data compiled by Anadolu Agency from the Turkish Exporters Assembly (TIM).
When main sectors are examined, the industry was the best performer with $138.25 billion, increasing 1.5% on an annual basis.

The chemical industry, one of the country's largest in terms of value, is concentrated in a few large state enterprises, including the Petrochemical Corporation (Petrokimya Anonimsirketi--Petkim) and Etibank, and some 600 private enterprises.
Chemicals produced in Turkey include boron products, caustic soda, chlorine, industrial chemicals, and sodium phosphates. The high quality of the country's minerals gives it a comparative advantage in several products. Chemical exports increased during the second half of the 1980s but fell sharply in the early 1990s, mainly because of increasing competition and lower prices elsewhere. In the late 1980s, petrochemical production, dominated by Petkim, started with a complex at Yarmica, near Kocaeli, followed by a second at Aliaga, near Izmir. The complex includes twelve plants, seven subplants, a thermal power station, and a water supply dam.
These plants supply small private-sector plants, which in turn manufacture finished products. The sector's goal is to make the country self-sufficient in petrochemicals rather than to export. In 1992 Turkey produced about 144,000 tons of polyvinyl chloride, about 238,000 tons of polyethylene, about 85,000 tons of benzine, and about 32,000 tons of carbon black.

Textile industry is one of the most important sectors in the economy of Turkey in terms of GDP, exports, and employment. It comprises to 10 percent of the countrys GDP, and 20 Percent of the countrys total employment. It constitutes to 40 percent of the total industrial production of the country. Turkeys exports of finished garments amount to $8 billion a year, and makes 5 percent of the total global trade. Turkey has abundant availability of cotton as a traditional cotton growing country. This extensive growth of cotton provides a main advantage to its textile sector through uninterrupted supply of quality cotton, which is the main raw material required for textile industries. A survey states that out of Turkeys 1000 biggest manufacturing companies, 228 of them deal in textile, apparel, and carpet business. It is one of the few countries that have an integrated and good capacity of operations. The top five foreign markets for Turkey are US, Russia, UK, Germany, and France.

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