IN FOCUS / 2016-07-25
Foreign Trade: Turkey major importer of motor vehicles and machinery
After the failed coup attempt in Turkey, German enterprises are concerned about consequences for foreign trade. Turkey is a major importer especially for the automotive industry and manufacturers of machinery and equipment.
In 2015, Turkey was one of Germany's 20 major trading partners. According to provisional results, goods to the total value of 36.9 billion euros were traded between the two countries. Exports from Germany amounted to 22.4 billion euros. Among the major importers, Turkey ranked even higher than countries such as Russia, South Korea and Japan.
Major export goods included motor vehicles, trailers and semi-trailers (6.4 billion euros) and machinery (4.3 billion euros). Exports of these two groups of goods to Turkey accounted for roughly 3%, respectively, of total German exports of those goods. Imports from Turkey amounted to approximately 14.5 billion euros. Clothing was by far the most significant good imported (3.3 billion euros).