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Trade Dynamics

LOCATION:HOME - NEWS - Trade Dynamics

Turkish customs data shows that Turkey's trade has reached a new high.

Issuing time:2023-03-13 Author: Back to list

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    According to Turkish data, Turkey's Gross Domestic Product (GDP) grew by 5.6% in 2022, exceeding expectations and rebounding significantly since the second half of last year. The fastest growing sectors were finance and insurance at 21.8%, followed by services at 11.7%, industry at 3.3%, and agriculture at 0.6%. However, the construction sector shrank by 8.4%.


    Turkey's total exports in 2022 reached over $250 billion, a growth of 12.9% compared to the previous year. In January 2023, Turkey's trade balance increased  by around 38% to reach $14.2 billion, with imports growing by around 21% and exports growing by around 10%. Turkey's main markets are concentrated in China, Germany, Russia, the United States, Switzerland, Italy, the United Kingdom, France, Spain, and Iraq. The main products involved include chemical and related products, automotive and related products, clothing and textiles.


    As a connecting point between the Asian and European continents, Turkey has a strategic geographical location that is advantageous for foreign trade with the European Union and the Middle East. Foreign trade companies can use Turkey's customs data to understand the upstream and downstream supply chain situation between Turkey and the European Union and the Middle East, and obtain detailed information about each transaction.


    Globepay provides customs data for import and export in over 80 countries from 2010 to present, offering online and accurate analysis of market distribution, detailed transaction information for import and export companies, specific quantity-price analysis, and supply cycle analysis.


As a leader in foreign trade big data, Big Trade Data Ltd. provides reliable and data-driven services for major foreign trade companies and industry consulting firms.