Foreign Trade News from Turkey

A brief report about paint and coatings production and trade in Turkey has been recently updated by Ministry of Economy. 19 November 2014

A brief report about paint and coatings production and trade in Turkey has been recently updated by Ministry of Economy.  According to the report, the Turkish Paint and coatings industry is one of the Europe’s biggest paint and coatings markets. The market share of Turkey in the global paint and coatings industry reached to %2 with a market size of 850.000 tons and the value of US$ 2 billion. Annual paint consumption per capita is 20 kg. About twenty five percent of the paint production in Turkey is exported. In 2013, the total value of paints and coatings exports reached US$ 765 million. The paints and coatings industry products are mainly exported to neighbouring countries and many other countries which have a dynamic construction sector, such as Iraq, Iran, Azerbaijan, the Russian Federation, China and Turkmenistan. 

Post by: Ministry of Economy, Directorate General of Exports 

As of July 2014, Customs of Istanbul,Turkey rank in the first place in foreign trade shares.

According to the provisional foreign trade data that has been prepared in cooperation with the Ministry of Customs and Trade and Turkey Statistical Institute, according to data import and export; exports increased by 2.6% compared to July 2013 to 13 billion 402 million dollars, imports decreased by 13.5% while imports amounted to 19 billion 862 million dollars.

When we look at some of the companies registered in Istanbul, Turkey. Across Turkey 54% of imports and 52% of exports processes were carried out in İstanbul Turkey, during July 2014 

 

 

 

A brief report about electronics production and trade in Turkey has been recently updated by Ministry of Economy.

According to the report, Turkish electronics industry exports are primarily directed to European markets. In 2013, the Turkish electronics industry exported to nearly 200 countries. The total value of electronics exports reached about US$6.6 billion in 2013. As in production, consumer electronics and telecommunication equipments were the main items in exports. In 2013, he export value of the telecommunications subsector and the consumer electronics subsector reached US$ 2.8 billion and US$ 1.8 billion respectively.

For the full report, please click here.

Post by: Ministry of Economy, Directorate General of Exports

Turkish Minister of Economy Nihat Zeybekçi attended the Meeting of G20 Trade Ministers in Australia.

Turkish Minister of Economy Nihat Zeybekçi attended the Meeting of G20 Trade Ministers in Australia. Ministers of Trade from Australia, Canada, Indonesia, Russia, Singapore, South Africa, the UK,  and New Zealand also attended the meeting. Minister Zeybekçi made three speeches during the meeting on behalf of Turkey. Zeybekçi stated that trade is the key to grow global revenues, and that Turkey will increase its share in world trade over 1.5%. Noting that the Turkish economy has grown by 6 percent in the last 18 quarters and by 4.3 percent in the first quarter of 2014, Zeybekci added that Turkey is one of the fastest growing economies amongst G20 countries. Zeybekci also reminded Turkey’s Presidency of G20 in 2015 and noted that the Trade Ministers to the next G20 meeting to be held in Turkey . Turkey will be the third country to host the Meeting of G20 Trade Ministers after Mexico and Australia.  Zeybekci also attended the Turkish-Australian Business Forum during his visit to Sydney.

Source: Translated from the Ministry of Economy website

Post by: Ministry of Economy Directorate General of Exports