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Turkey
General Information - Turkey
Country Official Name The Republic of Turkey
Head of State Recep Tayyip Erdogan
Population 82,319,724 (2018)
Capital City Ankara
Largest City Istanbul (Ranked by population)
Official Languages Turkish
Monetary Unit Turkish Lira (TL)
Location & Geography

Turkey is the largest country in Europe (aside from Russia). It is bordered by Georgia, Armenia, Azerbaijan and Iran in the East, Iraq, Syria and the Mediterranean Sea in the South, Greece and Bulgaria in the North-west, the Black Sea in the North, and the Aegean Sea in the West. Marmara is an inland sea that separates Europe and Asia by two natura...

Trade Information - Turkey
Trade with World - 2018
Imports
223.04 USD Billion
Exports
168.02 USD Billion
Trade Balance
-55.02 USD Billion
Bilateral Trade
391.06 USD Billion
Trade with UAE - 2018
Imports
3.78 USD Billion
Exports
3.13 USD Billion
Trade Balance
-0.65 USD Billion
Bilateral Trade
6.91 USD Billion
Trade with Dubai - 2018
Imports
9.87 AED Billion
Exports
11.71 AED Billion
Trade Balance
1.84 AED Billion
Bilateral Trade
21.58 AED Billion
Main Exports Destination

Turkey is the 34th largest export economy in the world. In 2018, Turkey exported $ 168.02B and imported $ 223.04B from the world, resulting negative trade balance of $ 55.02B in net imports.

Turkey trade growth is 0.05% between 2017 and 2018.

Turkey’s total number of export products is 4,281 products and the total number of partners is 220 countries.

Turkey’s total number of import products is 4,322 products and the total number of partners is 214 countries.

Economic Indicator - Turkey
766.51
Billion (2018)
GDP (USD)
1.7
(2018)
FDI, net Inflow (% of GDP)
754.81
Billion (2018)
GNI (USD)
16.33 %
(2018)
Inflation (CPI) (%)
11.9 %
(2019)
Unemployment rate (%)
136.46
Billion (2018)
External debt (USD)
2.34 %
(2018)
GNI Growth (annual %)
1.49 %
(2018)
Population Growth (annual %)

Turkey lies between Asia and Europe, serving as a bridge geographically, culturally and economically. Its location on two continents plays a central part in Turkish history and gives the country a major advantage in serving the markets of Europe, Asia, the Middle East and North Africa. Turkey ranked as the 17th largest economy in the World and 6th in Europe In 2017. Mean annual growth rate between 2002 and 2017 was 5.85%. The Gross Domestic Product (GDP) in Turkey was worth 851.5 billion US dollars in 2017. The GDP value of Turkey represents 1.37% of the world economy.

Top 5 Products - Turkey
Exports (%) - 2018
Imports (Value)
Commodities not specified (9999) Commodities not specified according to kind
23.91 USD Billion
Petroleum oils and (2710) Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
12.69 USD Billion
Gold (including gold (7108) Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
11.3 USD Billion
Ferrous waste and (7204) Ferrous waste and scrap; remelting scrap ingots of iron or steel
7.14 USD Billion
Motor vehicles; parts (8708) Motor vehicles; parts and accessories, of heading no. 8701 to 8705
5.97 USD Billion
Export (Value)
Motor cars and (8703) Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars
12.44 USD Billion
Vehicles; for the (8704) Vehicles; for the transport of goods
5.31 USD Billion
Motor vehicles; parts (8708) Motor vehicles; parts and accessories, of heading no. 8701 to 8705
4.53 USD Billion
Jewellery articles and (7113) Jewellery articles and parts thereof, of precious metal or of metal clad with precious metal
4.41 USD Billion
Petroleum oils and (2710) Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
3.73 USD Billion
Ease of Doing Business - Turkey
Region
Europe & Central Asia
Category
Upper middle income
GNI per Capita
10,380 USD
City Covered
Istanbul
33
Doing Business 2020 Rank
76.8
Doing Business 2020 Score
75.3
Doing Business 2019 Score
1.5
Change in Score (% points)
Useful Information - Turkey
1