Historical peak reached in exports to Germany

Last year, record demand for Turkish products came from Germany, which is Turkey’s leading export market. While Germany is the most important trade partner of Turkey, which maintains its records in exports, Germany is among the countries with the highest number of foreign companies in Turkey with around 7 thousand 600 companies. Germany is a country with a high mutual trade volume with Turkey, as well as the largest investment volume. are among the countries that have Turkey’s exports to Germany increased by 6.9 percent in 2022 compared to the previous year, reaching 18 billion 910 million dollars, reaching an all-time high. Thus, last year, Germany maintained its position as the country to which Turkey exports the most. Germany was followed by the USA with 14 billion 362 million dollars, the United Kingdom with 12 billion 250 million dollars, Italy with 11 billion 231 million dollars and Iraq with 10 billion 477 million dollars. While Turkey’s exports increased by 11.8 percent to the USA, 5.3 percent to Italy and 16.4 percent to Iraq in this period, it decreased by 7.2 percent to the United Kingdom.

Automotive industry performed the most exports.
Last year, the automotive industry made the most exports to Germany with 4 billion 390 million dollars. The automotive industry was followed by ready-made clothing and apparel with 3 billion 635 million dollars, ferrous and non-ferrous metals with 2 billion 11 million dollars, electricity and electronics with 1 billion 362 million dollars, and chemicals and products with 1 billion 309 million dollars. Ship yachts and services with 6 million 750 thousand dollars, other industrial products with 8 million 103 thousand dollars, ornamental plants and products with 11 million 718 thousand dollars, tobacco with 12 million 246 thousand dollars, olive and olive oil sectors with 41 million 49 thousand dollars. made.
The highest increase in exports was in the ferrous and non-ferrous metals sector.
The ferrous and non-ferrous metals sector made the highest increase in exports to Germany on a value basis with 414 million 677 thousand dollars. This sector was followed by the automotive industry with 224 million 723 thousand dollars, ready-made clothing and apparel with 172 million 136 thousand dollars, steel industry with 140 million 873 thousand dollars, and chemicals and products with 88 million 788 thousand dollars. The steel industry exported 903 million 517 thousand dollars to the country last year. Exports of hazelnuts and their products to Germany decreased by 44 million 361 thousand dollars to 489 million 626 thousand dollars, while the export of fresh fruit and vegetable sector decreased by 44 million 114 thousand dollars to 243 million 667 thousand dollars.