Turkey exported over $9.3 B worth of goods to Spain in 2023

 

Turkey has always been the most prominent market for the imports from European countries. The EU has always been the top importer of Turkish goods. Among the EU, Spain has emerged as the top trading partner of Turkey. As per Turkey import export data reports, over $9.3 billion worth of goods were exported to Spain. Compared to fiscal year 2022, the exports to Turkey had excelled at a rapid rate.

Turkey's automotive sector was the biggest hit which earned $2.3 billion from the Spanish market. Whereas, apparel and textiles were the second most imported goods from Turkey with over $2.18 billion worth of exports. Spain's third most imported product from Turkey were chemical products and estimated to be over $1.3 billion in 2023. 

Turkey export data shows that around $622 million electrical and electronics exports were made to Turkey. Whereas, Turkey's steel exports to Spain hit $434 million during 2023. Also, there was a minimal amount of shipments of ornamental products ($390K), tobacco ($2.5 M), fruits & vegetables ($9 M), and carpets ($9 M).

Star Rafineri and Toyota Automotive Industry were the leading Turkish companies exporting to Spain. Migasa Aceites from Spain was responsible for the maximum number of shipments in 2023. On the other hand, Turkey import data shows that over $8.2 billion worth of Spanish products imports were made from Turkey.

Turkey’s key imports from Spain include vehicles like cars, tractors, Volvo chassis, styrene, diesel, gasoline, zinc ingot, etc. Automobiles Peugeot and Opel Automobile were the leading export companies from Spain responsible for maximum amount shipments to Turkey. Whereas, Dogus Automotive Service and Oyak Renault Automobile were among the top import companies from Turkey.

The overall exports from Turkey to the European market was estimated to be around $110 billion in 2023. EU's most prominent imports from Turkey include cars, trucks, clothing, machinery, electronics, gemstones, rubber, plastic articles. Cars and trucks accounted for 29% share of Turkey's total exports to the European Union countries. 

Whereas, Turkey customs data reflects that vehicles and aircrafts were Turkey’s leading imports from the European Union. Turkish companies could expand their business across the European market through the intelligence offered by Exim Global Trade Intelligence System.

Exim Trade Data provides the most advanced market research tool, Exim GTIS which could help Turkish companies make better brand presence in the European market. Exim GTIS is equipped with over 200+ countries global import export data reports. This cost effective business tool could help companies find EU’s major imports by product description, HS code, price, quantity, buyer and supplier information. It gives real time access to the tons of verified profiles of EU importers.

Based on the shipping behaviour of European buyers, Turkish companies can identify high ROI leads which are likely to convert. Also, it helps in the thorough market research of the European Union and assists companies to make decisions on product pricing, procurement, sourcing and quantity evaluation. This is the most advanced market research tool through which Turkish companies can magnify their brand presence effectively.