The most valuable Turkish imports also include refined oil, coal and petroleum gases. 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 2015. Shown within brackets is the change in value for each imported product since 2011.
- Cars: US$9.2 billion (Up 8.8% from 2011 to 2015)
- Processed petroleum oils: $9 billion (Down -38.7%)
- Automobile parts/accessories: $5 billion (Down -5.1%)
- Phone system devices: $4.7 billion (Up 60.2%)
- Iron or steel scrap: $4.3 billion (Down -56.1%)
- Miscellaneous aircraft, spacecraft (including helicopters, launchers): $3.4 billion (Up 2.9%)
- Gold (unwrought): $3.4 billion (Down -45.2%)
- Coal, solid fuels made from coal: $3 billion (Up 131.9%)
- Propylene/olefin polymers: $2.6 billion (Down -2.5%)
- Medication mixes in dosage: $2.6 billion (Down -18.4%)
- Ethylene polymers: $2.4 billion (Up 12.7%)
- Aluminum (unwrought): $2.3 billion (Down -1.1%)
- Engines (diesel): $2.3 billion (Down -14.9%)
- Refined copper, unwrought alloys: $2.2 billion (Down -29.3%)
- Computers, optical readers: $2.2 billion (Up 0.1%)
- Iron or non-alloy steel products (semi-finished): $1.9 billion (Up 28.6%)
- Hot-rolled iron or non-alloy steel products: $1.8 billion (Down -28.9%)
- Synthetic filament yarn: $1.5 billion (Up 14.3%)
- Petroleum gases: $1.5 billion (Down -51.1%)
- Blood fractions (including antisera): $1.4 billion (Up 21.5%)
Among these product categories, coal posted the greatest increase in Turkish import purchases with a 131.9% gain in value from $1.3 billion in 2011 to $3 billion during 2015.
In second place were imported phone system devices including mobile phones which appreciated 60.2% over the same 5-year period.
Turkish imports of iron or non-alloy steel products also showed a respectable gain in 2015 up 28.6% from 2011, followed by import purchases of blood fractions including antisera up 21.5%.
Leading the value decliners were imported iron or steel scrap (down -56.1%), petroleum gases (down -51.1%) and unprocessed gold (down -45.2%).
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 October 12, 2016
The World Factbook, Field Listing: Imports and World Population, Central Intelligence Agency. Accessed on October 12, 2016
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on October 12, 2016