West Asian And The Middle East Commodity Market

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Turkey - Market Of Turkey

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  3. Turkey

Turkey's Market Overview

Turkey has a strategic and very good geographical location and is considered a crossroads of Northwest Asia and Europe. Turkey has an extensive road network that connects major cities and towns throughout the country. Turkey's exports in 2018 in the competition compared to a year ago had a growth of 10.22 percent. Turkey exports the most to EU countries and the use of Turkish products is very common among the countries of the world. One of the most common items that travelers bring from Turkey will be souvenirs or gifts.

What are geography, language and economy of Turkey?

Turkey has a strategic and very good geographical location and is considered a crossroads of Northwest Asia and Europe
Turkey has a strategic and very good geographical location and is considered a crossroads of Northwest Asia and Europe

Turkey (Istanbul Turkish: Türkiye) is the official name of the Republic of Turkey (Istanbul Turkish: Türkiye Cumhuriyeti), an independent and transcontinental country in Eurasia that is a large part of the country. That is, Anatolia or Asia Minor is located in northwestern Asia and the Middle East, and a small part called Thrace is located in the Balkans (a region in southeastern Europe). Turkey to the east with Iran, Nakhchivan, Armenia, and Georgia; in the southeast with Iraq and Syria; it is bordered by Bulgaria and Greece in the northwest (European part). Turkey is bordered by the Black Sea to the north, the Marmara Sea and the Aegean to the west, and the Mediterranean Sea to the southwest. Turkey also has two strategic straits, the Bosphorus and the Dardanelles.

Turkish industry has modernized and expanded and has been able to target many countries in the Middle East in addition to European countries, so that along with European countries such as Germany, countries in the Middle East, including Iran and Iraq, have very high imports from Turkey. Turkish industry has modernized and expanded and has been able to target many countries in the Middle East in addition to European countries, so that along with European countries such as Germany, countries in the Middle East, including Iran and Iraq, have very high imports from Turkey.

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How is Turkish transport infrastructure?

Turkey has an extensive road network that connects major cities and towns throughout the country
Turkey has an extensive road network that connects major cities and towns throughout the country

Turkey has an extensive road network that connects major cities and towns throughout the country. The road system includes both highways and local roads. The major highways are generally in good condition, and several ongoing projects aim to improve the road infrastructure further. Turkey has a railway network that spans across the country. The railway system is primarily focused on freight transport, but there are also passenger services available. The government has been investing in the development of high-speed rail lines, including the Ankara-Istanbul and Ankara-Konya routes.

Turkey has a significant coastline along the Mediterranean, Aegean, and Black Seas, making maritime transport an important mode of transportation. There are numerous ports and marinas across the country that handle both domestic and international shipping. Turkey is known for its impressive bridge and tunnel projects. Notable examples include the Bosphorus Bridge and the Eurasia Tunnel in Istanbul, as well as the Osman Gazi Bridge and the Yavuz Sultan Selim Bridge, which connect different parts of the country.

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What are the most export products of Turkey?

Turkey's exports in 2018 in the competition compared to a year ago had a growth of 10.22 percent
Turkey's exports in 2018 in the competition compared to a year ago had a growth of 10.22 percent

Turkey is one of the largest automotive producers in Europe and exports a wide range of vehicles, including passenger cars, commercial vehicles, and buses. Major Turkish automotive brands include Ford, Fiat, Renault, and Toyota. Turkey has a well-established textile and apparel industry, exporting a significant amount of clothing, textiles, and accessories. Turkish textiles are renowned for their quality and diversity, and the country is a major supplier of textiles to Europe and other global markets. Turkey is known for its agricultural production, and therefore, it exports a variety of food and beverage products. This includes fresh and processed fruits and vegetables, grains, dairy products, meat, poultry, and beverages such as tea and coffee.

Turkey manufactures and exports a range of machinery and equipment, including industrial machinery, agricultural machinery, construction machinery, and electrical machinery. These products are in demand in various industries worldwide. Turkey is a major exporter of steel and iron products. The country has a strong steel industry and exports products such as steel bars, pipes, sheets, and coils. Turkey exports chemicals and chemical products, including pharmaceuticals, plastics, fertilizers, and dyes. The chemical industry in Turkey is well-developed and plays a significant role in the country's export economy.

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To which countries is Turkey exporting the most?

Turkey exports the most to EU countries and the use of Turkish products is very common among the countries of the world
Turkey exports the most to EU countries and the use of Turkish products is very common among the countries of the world

Germany is one of the largest export markets for Turkey. Machinery, automotive parts, textiles, and chemicals are among the key export products to Germany. The United Kingdom is an important trading partner for Turkey, with exports including textiles, automotive parts, machinery, and electrical equipment. Iraq is a significant export destination for Turkish products, particularly construction materials, food products, textiles, and machinery. The United States is an important market for Turkish exports, including textiles, automotive parts, machinery, and jewelry. Italy is a major trading partner for Turkey, with exports primarily consisting of textiles, automotive parts, machinery, and chemicals.

France imports various Turkish products, including textiles, automotive parts, machinery, and electrical equipment. Spain is an important export destination for Turkish goods, particularly textiles, automotive parts, machinery, and food products. The Netherlands imports a range of Turkish products, including textiles, machinery, automotive parts, and chemicals. Russia is a significant export market for Turkey, with exports consisting of textiles, food products, machinery, and chemicals. Saudi Arabia imports a variety of goods from Turkey, including textiles, construction materials, food products, and machinery.

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Rules to keep in mind when leaving Turkey

One of the most common items that travelers bring from Turkey will be souvenirs or gifts
One of the most common items that travelers bring from Turkey will be souvenirs or gifts

Ensure that your passport is valid for at least six months beyond your planned departure date from Turkey. This requirement is common for many countries and is important to avoid any issues during your departure. If you entered Turkey with a visa or obtained a residence permit, make sure that it is still valid or has not expired. Overstaying your visa or residence permit can result in fines, restrictions, or difficulties when leaving the country. Familiarize yourself with the customs regulations of both Turkey and your destination country. Ensure that you comply with any restrictions on items you can take out of Turkey, such as certain types of goods, artifacts, or cultural heritage items.

If you have made purchases in Turkey, be aware of the duty-free allowances of your destination country. You may need to declare any items that exceed the allowed limits and pay applicable customs duties or taxes. Do not carry any prohibited items when leaving Turkey. This includes illegal drugs, weapons, certain types of food, and items that are considered a threat to security. Follow the rules and regulations of the transportation mode you are using for leaving Turkey, whether it's by air, sea, or land. Familiarize yourself with baggage restrictions, security procedures, and any specific requirements or documentation needed for your chosen mode of transportation.

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Source

Economy of Turkey

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