The most valuable Turkish imports also include refined oil and coal. Mobile phones is another area where Turkey shows strong import demand.
The following list shows on which product categories Turkish importers spent the most. Unlike most information currently available on the web, the items below are detailed at the 4-digit tariff code level. This can help entrepreneurs identify more precisely which products in which Turkey has strong demand perhaps competitive disadvantages compared with other nations. Innovation satisfying that demand can transform these disadvantages into lucrative business opportunities.
Turkey ranks number 20 among the world’s major importing countries.
Highest Value Turkish Import Products
Below are the 20 highest value import products delivered to Turkish importers in 2016. Shown within brackets is the change in value for each imported product since 2009.
- Cars: US$9.8 billion (Up 130.7% from 2009 to 2016)
- Processed petroleum oils: $7.3 billion (Down -13.8%)
- Gold (unwrought): $6.5 billion (Up 295.7%)
- Automobile parts/accessories: $5.2 billion (Up 52.5%)
- Phone system devices: $4.8 billion (Up 121.4%)
- Iron or steel scrap: $4 billion (Down -6.5%)
- Aircraft, spacecraft: $3.9 billion (Up 336%)
- Solar power diodes/semi-conductors: $3 billion (Up 1,718%)
- Coal, solid fuels made from coal: $2.6 billion (Down -14%)
- Medication mixes in dosage: $2.6 billion (Down -16.5%)
- Propylene/olefin polymers: $2.3 billion (Up 66.9%)
- Ethylene polymers: $2.3 billion (Up 102.5%)
- Engines (diesel): $2.3 billion (Up 50.3%)
- Refined copper, unwrought alloys: $2 billion (Up 34.1%)
- Iron or non-alloy steel products (semi-finished): $2 billion (Up 34.9%)
- Computers, optical readers: $1.9 billion (Up 8.1%)
- Aluminum (unwrought): $1.9 billion (Up 72.7%)
- Synthetic filament yarn: $1.6 billion (Up 102.4%)
- Hot-rolled iron or non-alloy steel products: $1.6 billion (Down -19.4%)
- Miscellaneous machinery: $1.5 billion (Up 129.7%)
Among these product categories, solar power diodes and semi-conductors posted the greatest increase in Turkish import purchases with a 1,718% gain since 2009.
In second place were imported aircraft and spacecraft which appreciated 336% over the same 7-year period.
Turkish imports of unwrought gold also showed a respectable gain in 2016 up 295.7% since 2009, followed by imported cars up 130.7%.
Leading the value decliners were hot-rolled iron or non-alloy steel products (down -19.4%) and medication mixes in dosage (down -16.5%).
See also Turkey’s Top 10 Imports, Turkey’s Top Import Partners and Highest Value Turkish Export Products
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on February 13, 2017
The World Factbook, Field Listing: Imports and World Population, Central Intelligence Agency. Accessed on February 13, 2017
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on February 13, 2017