Turkish Market
Turkey is a Democratic Republic, with 81 cities and a young population with an age average of 29 years, is located on a strategic location, where Europe, Asia and Middle East meets. Some of the largest cities are Istanbul, Ankara, Izmir, Bursa Antalya and Adana. Istanbul is considered to be the center of finance and culture of Turkey with its 12 million populations. Turkey is the 34th country in the world with its $11 billion production.
Last couple of years, Turkey has become a target market with its modern industry
and new trading concepts. The top three countries Turkey, with its $415 billion GDP, imports from are Russia, Germany and China. USA is the 6th country in the list with a 4.5% share. The major imported goods are machines, machine parts, chemicals and semi produced goods. Turkish market is offering a substantial potential to foreign companies by providing rather competitive products to well known brands worldwide with its modern technology production pool and high quality industrial products.
Turkey has rich natural resources, advanced industrial infrastructure and high quality yet low-cost labor, and provides world quality products with feasible costs. The top three countries Turkey exports to are Germany, England and Italy. USA is the 4th country on the list with its 6% share. Major exporting goods of Turkey are clothing, leather, textile, home decoration, marble, travertine, food and organic agricultural products. Turkish export goods should be closely evaluated, especially in the USA, as strong alternative products in the world markets.
Please get in touch with Imeco Global Inc. for further information about the Turkish market.
Kaynak : Wikipedia, www.export.gov
