Industry

Given that exports accounted for around 20% of Turkey’s GDP in 2012 – a good year for export growth – it is clear that the country’s overseas traders are clearly a vital part of its economy. Industry is a major contributor to exports, with manufacturing a particularly vital component of Turkey’s export picture. Yet challenges remain,...

In 2012 metals and metal products were Turkey’s fourth-largest export industry after automotives, chemicals, and textiles and ready-to-wear. Indeed, by 2011 the sector had already reached an all-time high in crude steel production, of 34.1m metric tonnes (MT), while it has long since regained and surpassed the output levels it had before the...

Amid the growth in incomes and the overall economy, Turkey’s retail sector has acquired modern-scale segmentations with plenty of local and foreign players benefitting from rising consumption. Indeed, the sector has expanded rapidly in recent years, with urban centres like Istanbul seeing an array of new shopping centres constructed. Meanwhile,...

Accounting for between a quarter and a third of the country’s entire GDP, Turkey’s industrial sector is a world player in areas as diverse as automotives, ready-to-wear, chemicals and retail. A major source of Europe’s industrial imports – as well as a destination for the continent’s exports – Turkey is also a major industrial trader with the...