Turkey's Auto Industry get major boost by rising imports by Kazakhstan

Turkey's Auto Industry get major boost by rising imports by Kazakhstan

 Turkey is among the top automotive markets in the world. As per the Turkey customs data, the country's total automotive exports were estimated around 30 billion dollars in FY 2022. Whereas in 2021, it was totaled to be 29 billion dollars and 25 billion dollars in 2020. The major markets for Turkey's automotive exports are France, Italy, Spain, United Kingdom and Germany.               

France is the leading importer of Turkish automotive products with over 20% share of Turkey's automotive exports. Other major importers of Turkish automotive parts were Italy (9%), Spain (8.5%), United Kingdom (8.2%), Germany (8%) and Poland (4.8%). 


Whereas the fastest growing markets for Turkish automotive exports are Spain, France, United States, Sweden, Egypt, Greece, Israel, Bulgaria and Kazakhstan. According to the current Turkey export data reports, during June 2023, Turkey exported over 20 million dollars worth of Automotive products. There was around 350% increase in the exports of auto products from Turkey to Kazakhstan.


As per Turkey import export data reports, Turkey’s exports to Kazakhstan is growing at the rate of 8% yearly. Apart from automotive products, Kazakhstan's major imports include medicines, knit t-shirts, hand-woven rugs, carpets, knit sweaters, machines, heaters, furniture, electrical equipment, etc. In 2022, Machinery was the top product imported by Kazakhstan with over 230 million dollars. 


In terms of import value, apparel clothing was the second most imported product with over 212 million dollars followed by Electronics ($93 M), Pharmaceuticals ($75 M), Vehicles ($68 M), Plastics ($65 M), etc. The demand for Turkey's furniture, lighting signs, prefabricated lightings grew significantly and reached 65 million dollars in 2022. 

 

On the other hand, Turkey saw Kazakhstan as a prominent mineral fuels and oil supplier. According to the Turkey import data, Kazakhstan was the top refined copper exporter to Turkey in the fiscal year 2022. Kazakhstan had exported over 805 million dollars worth copper to Turkey. 


Raw Aluminium was the second most imported metal after copper with over 264 million dollars worth imports from Kazakhstan. Whereas, Petroleum gas had over 150 million dollars worth of exports from Kazakhstan to Turkey followed by Coal ($76M), Cotton ($35M), Lead ($31M), etc.


Kazakhstan and Turkey share over 3 billion dollars worth of imports and exports between them. In the first quarter of 2023, Kazakhstan had exported over 1.4 billion dollars while the imports were estimated around 235 million dollars. Kazakhstan exports are growing at the rate of 12% annually. This trade will grow further by the end of this year. 


Through an effective market intelligence platform, buyers and suppliers from both the countries can extract opportunities in the global market. Exim Global Trade Intelligence System from Exim Trade Data is currently the largest database with import export data reports of over 200+ countries.


The major problems most of the companies face is finding genuine importers and exporters from the global market. Financial risk is immense while dealing globally. Exim Global import export data provider helps you overcome these issues by providing brief insights into global market demand, price, quantity evaluation, and making important business decisions. With this tool, you can streamline your business and increase your ROI.

Comments

Post a Comment

Popular posts from this blog

Global Washing Machine Market Updates 2021

Image
A washing machine is an electronic gadget that is used to wash clothes. In today's time, washing machines are widely used and become an essential need for every home.   washing machine wash clothes without any physical effort. They have the capability to wash any type of clothes.   As per the market intelligence report of the global import export data provider , If we talk about the global washing machine market growth then we see that in the current fiscal year 2022, the global washing machine market reaches $50 Billion US Dollars.   Acquire the global washing machine market updates for 2021 and examine the global commerce market and boost your product sales.   Due to the high demand for washing machines, big investors are investing their money in the global washing machine market.  At the current time, washing machine manufacturers are manufacturing innovative products that reduce carbon dioxide emission and saves electric power  ...
Read more

India's Agricultural Exports to Russia hit $48 M in February

Image
  For the financial year 2022, India and Russia trade hit 30 billion US Dollars. The trade is mostly dominated by Russian exports. According to the India customs data directed from Russia, Imports from Russia were around 27 billion US Dollars in 2022. Crude oil exports from Russia grew significantly over the years especially after the Ukraine. Crude oil imports grew by 27% in the fiscal year 2022. It covers over 85% of total India's exports worth over 13 billion US Dollars in 2022. Other Crude Oil exporters to Russia were Iraq and Saudi Arabia. While our India import export data records reflect that India's exports to Russia were estimated to be 3 billion US Dollars in 2022. These mainly include agricultural goods, engineering goods, pharmaceuticals, chemicals, tea, coffee and marine products. Agricultural exports to Russia had seen a rapid growth of 48 million US Dollars as compared to 37 million US Dollars in 2021. As per India export data , Pharmaceuticals and electronics ...
Read more

India Agricultural exports hit record high $50B in 2022

Image
  According to the India import export data reports, India’s agricultural exports had seen a significant growth in the financial year 2022. In 2022, India’s agricultural exports hit a record high of 50 billion US Dollars. There was around 19% increase in agricultural exports from India as compared to the last year (25 billion US Dollars). Our India export data suggests that basmati rice and sugar were the two major agricultural exports from India worth 25.81 billion US Dollars in 2022. As India exports by country data, the United States, Bangladesh, China, United Arab Emirates, Indonesia, Vietnam and Saudi Arabia were the major importers of Indian agricultural commodities. In this blog, you will get a detailed analysis of the top Agricultural exports from India in 2022. Top Agricultural exports Rice India is the world's leading rice exporter with 21 million metric tons exported every year. Indian rice exports grew by 3.5% as compared to the financial year 2021. Indian basmati ric...
Read more