Turkey

MARKET OF TURKEY

TURKEY'S MARKET OVERVIEW

Turkey has a strategic and very good geographical location and is considered a crossroads of Northwest Asia and Europe. Ataturk International Airport is the 11th busiest airport in the world and many Turkish airports are in very good condition and the number of passengers is very high. 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 to Iran from Turkey will be souvenirs or gifts.

What are geography, language and economy of Turkey?

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.

Turkey is 783,356 square kilometers (37th). Turkey is a mountainous and relatively rainy country. The shape of this country is like a rectangle that extends from east and west. Being located in one of the most sensitive regions of the world, Turkey has a strategic and very good geographical location and is considered a crossroads of Northwest Asia and Europe, and many countries, especially Iran, use Turkish territory for the transit of goods and energy. Turkey has a good climate and plains and has interesting and spectacular places, which is why a large number of tourists travel to this country every year.

The Turkish economy is a combination of indigenous and modern industries, which is expanding day by day. Turkey's large agricultural production ranked seventh in the world in 2005 and created employment for 11.2% of the Turkish population in 2006. The private sector of the Turkish economy is also strong and growing rapidly and plays an important role in banking, transport, and communications. In recent years, the Turkish economy has grown well, with the growth of 8.9% and 7.4% in 2004 and 2005, respectively.

Turkey ranks 13th in the world (purchasing power parity) and has the 19th largest GDP in the world. Turkey is also a founding member of the Organization for Economic Co-operation and Development (OECD) and is group 20. Turkey has also expanded and expanded into the automotive industry, producing more than 1.3 million vehicles in 2015 and ranking as the 14th largest automaker in the world.

Turkey built its first national car in 2019, designed by Pininfarina, and Recep Tayyip Erdogan called it a sign of the country's development. The country is advanced in shipbuilding and its products are exported to European countries. The country has been able to capture large parts of the European market. Turkish brands such as Beko and Vestel are among the largest manufacturers of consumer electronics and home appliances in Europe and invest heavily in research and development in new technologies related to their products.

Other important sectors of the Turkish economy include banking, construction, home appliances, electronics, clothing and textiles, petrochemicals, food, tourism, and the machinery industry. Turkish food is continuously available in many European countries.

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.

How is Turkish transport infrastructure?

Transportation
In 2013, there were 98 airports in Turkey handling passengers, 22 of which were international airports. Ataturk International Airport is the 11th busiest airport in the world on a multi-year average. Many Turkish airports are in very good condition and the number of passengers is very high. The government is also working to make the most of the sector's economic potential and is planning to build more modern and larger airports. Istanbul's new airport was inaugurated with the plan to become the world's largest airport, and Turkish airlines have gained worldwide fame by beating out their regional rivals, such as Iran Air from Iran. Turkish Airlines currently has a fleet of 349 and can travel to 126 countries.

The Turkish Railways has started modernizing and modernizing its equipment and lines several decades ago, and now, the Turkish Railways uses high-speed lines.

According to Turkish customs law, which goods are subject to duties?
Apart from the issue of exports and imports, usually a series of goods subject to customs duties, along with travelers entering or leaving Turkey. The valuation of this product is usually the price standard equal to one thousand five hundred euros. For goods over one thousand and five hundred euros, usually a duty equal to ten percent with the calculation and deduction of the exemption of three hundred euros, and for goods below one thousand five hundred euros, duties equal to ten percent but without the calculation of the exemption of three hundred euros. These goods will be subject to such duties following the following conditions.

  • Goods that are shipped to give as a gift to someone.
  • Goods that are shipped with one person or goods that are sent by mail.
  • Goods that come and go for family or completely personal travelers.
  • Non-commercial goods and goods that a person does not need to pay to buy.

Customs rules for the entry and exit of currency from Turkey

  • For exporting foreign currency from Turkey, it is necessary that this process be legally registered.
  • For jewelry, precious jewelry and gemstones worth 1,500 euros or less can be exported from Turkey, but for jewelry worth more than 1,500 euros, legal registration is required. Of course, this is in a situation where there is no business purpose.
  • Withdrawing more than $ 5,000 in Turkish currency will be limited.
  • Foreign currencies can eventually be exported up to $ 5,000, and only individuals over $ 5,000 can be removed from Turkey to prove that they have received the currency from a reputable bank. 

These people should also fall into one of the three categories we describe:

  1. People living in Turkey
  2. People who are Turkish citizens themselves but have economic activities outside of Turkey
  3. People who are considered foreign nationals. Of course, foreign nationals living in Turkey.

 

What are the most export products of Turkey?

Turkish export growth
Turkey has seen high economic growth in recent years, followed by sustainable development. Turkey's exports in 2018 in the competition compared to a year ago had a growth of 10.22 percent, that is, looking at the statistics, we can see that the export figure in that year increased from $ 142.5 billion to $ 156 billion. Is. According to the World Bank, Turkey was able to become the second-largest exporter in the world in 2018.

Turkish exports have not been a single product, but have been able to diversify their exports. Turkish exports to Afghanistan are very different from Turkish exports to Germany.

The automotive industry of Turkey
One of the most important sectors of Turkey's exports is its car industry. It can be seen that this sector has been able to rank as an export for the last 12 years. Of course, keep in mind that many of the world's most important car brands have factories in this country, such as Toyota, Benz, Renault, Ford, and so on.

Clothing Industry of Turkey
The Turkish clothing industry is one of the most important and popular industries in the country. Its clothing and apparel industry has been able to make significant investments. Turkish clothes are very popular in the world. This sector has been able to rank 8th in the world in clothing and apparel exports since 2014 with a share of 3.4 percent.

Of course, keep in mind that this country has been able to rank 4th in the export of clothing to the European Union and the United Kingdom, after China, Bangladesh, and Germany. For example, it can be seen that this country was able to export $ 12.5 billion in this sector in 2017. Brands such as LC Waikiki, Coton, and so on have been able to open many branches in the world. The bulk of exports to Iran include exports to Russia in Turkish clothing.

Home Appliances of Turkey
One of the most important sectors in which both the government and the private sector have been able to do well in investing in Turkey is home appliances. In 2017, the country was able to reach 25 million and 700 thousand exports. This means a growth of 7.3 percent, which in 2017 increased to 6 percent. One of the most important customers of Turkish home appliances is European countries, which has been able to attract 7%.

The most important of these customers are England, Germany, France, Italy, Spain, respectively. Of course, exports to Qatar in the field of home appliances have also increased in recent years. The most important and famous Turkish brands can be considered home appliances: Archlik, Westel, Beko, Demir, Profilo, Indosite, Ariston, and so on.

Turkish agricultural products
Turkey is a country with favorable climatic conditions. Fertile soils, seasonal rains, and conditions, as well as government planning and support, cause evil to quadruple from 2002 to 2016. That is, according to statistics and figures for the two years of 2002, the amount of 3.7 billion reached 16.2 billion dollars in 2016. For over 20 years, Turkey has been the number one exporter of agricultural products in the European Union.

This means that Turkey has been able to have a total of $ 58 billion in export surplus in this sector during these years. In the meantime, the Turkish Agricultural Bank has been able to provide excellent support to farmers.

To which countries is Turkey exporting the most?

It is safe to say that Turkey exports the most to EU countries. Of course, the use of Turkish products is very common among the countries of the world. Of course, keep in mind that in the whole of the European Union, and especially in countries like Germany, Turks are a very important element of the population of that society. That is, it can be clearly stated that Europe is inconceivable without the Turks. But the first ranks can be considered based on statistics from the following countries:

1. Germany
Germany not only has the largest percentage of imports from Turkey but also in terms of demographics, 3.5 million Turks live in Germany. These people play an important economic, political, and social role in Europe and Germany. In terms of exports from Turkey in 2011, which amounted to 13 billion dollars, in 2017 increased to 1.15 billion dollars. Which is expected to reach over $ 18 billion a year this year. Keep in mind that the German demographic context has certainly had a significant impact in this regard.

2. England
One of the largest products in the top of Turkish exports to the UK is automobiles. Of course, exports to the UK do not only include cars, but also home appliances, furniture, textiles, and clothing. Consider that Turkey could export up to $ 11 billion this year.

3. the United Arab Emirates
Among the Arab countries, the United Arab Emirates ranks first in imports from Turkey. This amount was announced in 2017 amounting to $ 2.9 billion. This year, however, the figure has reached more than $ 11 billion.

4. Iraq
Among Turkey's neighbors, Iraq leads in exports. It can be seen that the figure was over 10 billion dollars.

5. United States of America
The United States is also on the list of countries that import a variety of products from Turkey every year. In the list of Turkish exports to the United States, machine parts, cement, copper and plastics have the highest percentage, so that the value of exports to Germany reaches 10 billion dollars a year.

6. Italy
Italy is one of the countries that imports over $ 10 billion annually from Turkey. Of course, most of Turkey's exports to Italy are automotive and textile products.

7. France
Exports to France included car parts, plastics, and chemicals worth more than $ 8 billion a year.

Rules to keep in mind when leaving Turkey

The rules of entry and exit to Turkey are completely different, especially in terms of customs. Here we want to acquaint you with the rules that you will struggle with to get any goods out of Turkey. If you follow these things, you can bring your desired products to your country without any legal problems and for free.

One of the most common items that travelers bring to Iran from Turkey will be souvenirs or gifts. When customs officials ask passengers about the items they have purchased, the passengers claim that they bought them as souvenirs and gifts. In order for travelers not to have problems in such matters, special rules are set for bringing gifts and souvenirs, and based on that, the amount of gifts and souvenirs is determined. 

According to the rules, the value of gifts and all souvenirs you buy should not exceed five thousand liras. If the gifts you have prepared are worth more than this amount, they are considered as part of the export and special rules have been set for them, all of which must be applied.

But if you plan to buy a product worth more than five thousand liras and take it with you as a souvenir or personal purchase, there is no prohibition to do so. But you have to follow the rules that have been set for taxes and various financial issues of expensive goods. These rules change based on the amount of gifts purchased. 

Therefore, you must have an official invoice of the goods you have purchased with you so that the customs officials can make a decision based on the price of the goods or goods you have purchased. Just remember not to try to fool the customs officials at all. This will make you suspicious and cause you major problems.

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