Türkiye
Europe
Trade in Türkiye
| Türkiye was the world’s 30th largest exporter of goods and 23rd largest exporter of commercial services in 2022. Export values were $254.17 billion and $90.29 billion USD respectively. Türkiye’s top export category was Manufactures, followed by Machinery and transport equipment, and Transport equipment. In 2022, Türkiye’s main export destination markets for goods and services trade were to Germany, United Kingdom and United States, with trade representing 81.17 per cent of GDP. In terms of imports, Türkiye is the world’s 19th largest importer of goods and 35th largest importer of commercial services. Import values were $363.71 billion and $40.41 billion USD respectively in 2022. Türkiye’s top import category was Manufactures, followed by Fuels and mining products and Machinery and transport equipment. Leading import partners were China, Germany and Russian Federation. Türkiye is part of 26 different Regional Trade Agreements, including Economic Cooperation Organization (ECO) and EFTA – Türkiye. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Republic of Türkiye |
Abbreviation |
TR |
Capital |
Ankara |
WTO Membership Date |
26 March 1995 |
Legal System |
civil law system based on various European legal systems, notably the Swiss civil code |
Language |
Turkish |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Turkish lira |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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Trade Information Portal |
https://www.trade.gov.tr/ |
Last Reviewed: June, 2024
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