9,936.76 TRY BIST 100 BIST 100
33.95 USD USD USD
37.74 EUR EUR EUR
4.82 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.36 TRY Interest Interest
72.78 USD Fossil Oil Fossil Oil
28.74 USD Silver Silver
28.74 USD Copper Copper
91.32 USD Iron Ore Iron Ore
373.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,753.33 TRY Gold (gr) Gold (gr)

Germany is the biggest partner of Turkish exporters

While Türkiye achieved exports of 255 billion 800 million dollars in 2023, Germany exported 21 billion 79 million dollars. Germany was represented in Türkiye's exports with a share of 8.3 percent. After Germany, the countries we exported the most to were the United States of America with 14.8 billion dollars and the United Kingdom with 12.4 billion dollars.

Germany is the biggest partner of Turkish exporters

Germany is a place where our fellow citizens of Turkish origin, whose numbers have reached 3 million, are fed. Expats who came to Germany from Turkey in the 1960s are now the largest ethnic group in Germany after Germans.

Germany is one of the most popular countries among young people who have settled abroad from Turkey in recent years. In addition, Germany has been the leading country in exports from Turkey and the Aegean region for many years. Germany also ranks third in terms of imports from Turkey.

German-Turkish foreign trade reached 50 billion dollars

Germany is one of the largest exporting countries in the world. It dominates global exports, especially in the machinery and automotive sectors. Türkiye imported 28.6 billion dollars from Germany in 2023. The foreign trade volume between Turkey and Germany reached 49.8 billion dollars and is approaching the 50 billion dollar mark.

Turkish exporters, whose number has reached 120 thousand, exported 19 billion 49 million dollars to the African continent in 2023, while they sent 18 billion 23 million dollars of products to the American continent. Turkish exporters in the Asian and Oknasulu markets; It reaches exports of 10.8 billion dollars.

In the light of these data, we see that Turkish exports of 21 billion 79 million dollars to Germany overtake the export figures to 3 continents.

Looking at the first four-month data of Turkish exports in 2024, Germany maintains its top position with exports of 6 billion 713 million dollars. Germany accounted for 8.1 percent of Turkey's exports.


When we look at the list of countries from which Turkey imported in the January-April period of 2024, we imported 8 billion 526 million dollars from Germany. Foreign trade between Germany and Turkey was recorded as 15 billion 239 million dollars in the first 4 months of 2024.

Türkiye imported 100 dollars for every 74 dollars of exports to Germany.

Aegean Region made 10.2 dollars of every 100 dollars of exports to Germany

When the export figures from the Aegean Exporters' Associations to Germany are examined; We see that Aegean exporters are more strongly represented in the German market.

While members of the Aegean Exporters' Associations exported 1 billion 850 million dollars to Germany in 2023, Germany's share in EİB's 18.3 billion dollar exports reached 10.2 percent. Germany continued to be the country with the most exports in the Aegean Region, as in Türkiye in general. The most exported countries in the Aegean Region after Germany are; It was listed as the United States with 1 billion 509 million dollars and Spain with 1 billion 47 million dollars.

While Aegean exporters exported to 200 countries and customs areas in the January-April period of 2024, Germany maintained its dominance at the top with exports of 611 million dollars.

Automotive, ready-made clothing and iron sectors are at the top in exports to Germany

When we look at the German export report cards of the 26 sectors where exports are recorded in Turkey; We see that 15 sectors managed to increase their exports to Germany. The German economy, which is more affected and tired by the recession in the global economy because it dominates the European Union, had to reduce its imports from Turkey in 11 sectors in 2023 compared to 2022.

The automotive industry sector, Turkey's export champion, is the sector that exports the most from Turkey to Germany with 4 billion 854 million dollars of exports to Germany. Hundreds of parts produced in Turkey are used in the world-famous German automotive industry.

Although the Turkish fashion industry lost 16 percent in the German market in 2023, it managed to sell 3 billion 50 million dollars worth of clothes to the Germans. Germans completed their elegance with Turkish clothes.

Our iron and non-ferrous metals sector took the third place at the top with exports of 1 billion 649 million dollars to Germany. The Electrical-Electronics Sector with an export of 1 billion 353 million dollars, the chemical sector with an export of 1 billion 277 million dollars and the machinery sector with an export of 1 billion 47 million dollars were the sectors that exceeded the 1 billion dollar threshold in exports to Germany. The Ship, Yacht and Services Sector stood out as the record-breaking sector for export growth to Germany by increasing its exports to Germany by 192.4 percent in 2023. The fresh fruit and vegetable sector, with an increase of 43.2 percent, and the olive and olive oil sector, with an increase of 24 percent, were listed as the three sectors that increased their exports the most.

Steel and fashion industry became the leader in exports to Germany from the Aegean Exporters' Association

While members of the Aegean Exporters' Associations achieved 1 billion 850 million dollars of exports to Germany in 2023, 14 sectors increased their exports to Germany, and 12 sectors fell behind their 2022 performance.


The biggest contribution to exports from EİB to Germany was made by the Aegean Iron and Non-Ferrous Metals Exporters' Association with 324 million dollars. Aegean Ready-made Clothing and Apparel Exporters' Association stood out as the summit partner with exports of 301 million dollars.

While Aegean automotive exporters took the third place with exports of 282 million dollars to Germany, the fruit and vegetable products sector was listed as the sectors exceeding the 100 million dollar threshold with exports of 171 million dollars and the dried fruit sector with 118 million dollars of exports.

Germany is the first largest market in 7 sectors in EIB, the second largest market in 6 sectors, and the third largest market in 2 sectors.

Among EİB members; Germany ranked first in the list of countries to which ferrous and non-ferrous metals, leather and leather products, hazelnuts and hazelnut products, ready-made clothing and apparel, machinery and parts and automotive industry exporters export the most.

Germany ranked second in the list of countries where cement, glass ceramics and soil products, carpets, air conditioning, dried fruits, fruit and vegetable products, and fresh fruits and vegetables sectors export the most.

While Germany ranked third in furniture, paper and forest products, and electrical and electronics exports, it stood out as the fourth largest market in jewelery exports and the fifth largest market in chemical exports. Germany, which ranked seventh in the exports of the mining sector, was the eighth in the exports of grains, pulses, oilseeds, defense industry and ornamental plants, and the ninth in the exports of aquatic products.

Germany was the 10th country to which the textile and raw materials, olive and olive oil sectors exported the most, while Germany was 16th in the ship-yacht sector and 19th in the tobacco sector.

Yalçın Ertan, President of the Aegean Iron and Non-Ferrous Metals Exporters Association: "We are the leader in exports from the Aegean Region to Germany"

“Our exporters, who are members of the Aegean Exporters' Associations, exported 1 billion 850 million dollars to Germany in 2023. The biggest contribution to this export was made by our steel, iron and non-ferrous metals sectors with 324 million dollars. Throughout Türkiye, these two sectors exported 2.5 billion dollars to Germany. Despite the paradox of high energy costs in Turkey and the exchange rate not increasing at the rate of inflation, the exports of our Turkish exporters to Germany deserve all kinds of appreciation. If a platform is created for our exporters to compete with their competitors in the world, our exports to Germany can reach 500 million dollars in the short term. "The density of business owners of Turkish origin in Germany and the historical ties between Turkey and Germany pave the way for the development of foreign trade between the two countries."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Netherlands restricts exports of chip manufacturing equipment

Saturday, September 7, 2024

Pakistan launches anti-circumvention investigation into products imported from China

Thursday, September 5, 2024

Steel Dynamics demands antidumping duties on US imports

Saturday, September 7, 2024

International Finance Corporation signs agreement with Indonesian steelmaker

Thursday, September 5, 2024

Iron ore prices and demand in China's steel market

Saturday, September 7, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now