Economy

Which Countries Should be Targeted by Export from Turkey?

STARTINFORUM Business, Economy 0 Comment

Turkey’s export strategy is multifaceted, targeting both established markets and emerging economies. To identify which countries should be targeted, it’s essential to consider several factors:

I. Top Existing Export Markets (Maintain and Grow)

These are countries where Turkey already has a strong foothold and significant trade volume. Continued focus on these markets is crucial for stable export growth.

  • Germany: Consistently Turkey’s largest export market, particularly for automotive products, machinery, electronics, and textiles. Strong established supply chains and a large Turkish diaspora contribute to this.
  • United States: A major market for Turkish automotive, textile, electronic products, and defense industry goods. Its large market size offers continuous growth potential.
  • United Kingdom: Strong trade relations, especially post-Brexit, for Turkish textiles, automotive, and electronic devices.
  • Iraq: A significant market in the Middle East, primarily for construction materials, textiles, and food. Strategic importance for opening up the broader Middle Eastern market.
  • Italy: Another strong European partner for automotive, machinery, chemical, and food products.

II. Countries with High Growth Potential and Strategic Importance

These are markets where Turkey is actively seeking to expand its presence due to their economic growth, strategic location, or increasing demand for Turkish products.

  • Central Asia (Uzbekistan, Kazakhstan, Turkmenistan, Kyrgyzstan):
    • Reasoning: Deep historical and cultural ties, growing economies, significant infrastructure development, and increasing consumer demand. Turkey has preferential trade agreements and targets to significantly increase trade volumes with these countries (e.g., $5 billion with Uzbekistan, $10 billion with Kazakhstan).
    • Key Products: Machinery and equipment, construction materials, textiles, electrical equipment, food products, and pharmaceuticals.
  • Africa (Egypt, Morocco, Libya, Nigeria, Ethiopia, Kenya, Ghana, Senegal):
    • Reasoning: Turkey has a “win-win” strategy to strengthen political, cultural, and economic relations with African countries through mutual investments. Rapidly growing economies, increasing demand for consumer goods, infrastructure development, and a strong focus on defense industry exports.
    • Key Products: Machinery, mechanical equipment and tools, mineral fuels, iron and steel, textiles, electronics, home appliances, construction materials, and defense industry products (UCAVs, armored vehicles).
  • Gulf Countries (UAE, Saudi Arabia, Qatar, Kuwait):
    • Reasoning: High purchasing power, diversification efforts away from oil, and increasing demand for consumer goods, construction materials, and specialized industrial products. Turkey is also focusing on e-export potential to these countries.
    • Key Products: Precious metals (gold), machinery, construction materials, food products, and potentially high-tech goods.
  • Russia: Despite geopolitical complexities, Russia remains a significant trade partner for Turkey, especially for agricultural products and machinery. There’s potential for further growth in various sectors.
  • China: While China is a major import source for Turkey, there’s growing potential for Turkish exports to China, particularly in areas where Turkey has a competitive advantage, such as certain agricultural products, and potentially in services.
  • Emerging Asian Markets (Pakistan, Bangladesh, Afghanistan):
    • Reasoning: Promising markets for Turkish manufacturers, with “smooth, friendly, problem-free political relations.” These countries need hardware and have a growing middle class.
    • Key Products: Defense and aerospace industries, naval vessels, patrol boats, smart ammunition, drones, armored vehicles, and potentially construction materials.
  • Brazil, Mexico, Argentina, Chile: Growing economies in Latin America offer long-term export potential for Turkish goods, especially as Turkey diversifies its export base.
  • Southeast Asia (Indonesia, Vietnam, Malaysia, Philippines): Growing consumer markets and developing industrial bases.

III. Sectors with Strong Turkish Export Competitiveness

When targeting countries, it’s also vital to consider what Turkey excels at producing and exporting:

  • Automobiles and Automotive Parts: Turkey is a major production hub for global automotive brands.
  • Machinery and Equipment: Including industrial equipment, construction machinery, and agricultural machinery.
  • Textiles and Apparel: High-quality, fast-fashion, and sustainable options.
  • Precious Metals (Gold): Turkey is a key trading hub.
  • Electrical Machinery and Electronics: Home appliances, telecommunications equipment, and consumer electronics.
  • Steel and Iron: Construction steel, rebar, and billets.
  • Chemical and Pharmaceutical Products:
  • Agricultural and Food Processing Products: Fresh vegetables, nuts, dried fruits, olive oil, spices, wheat flours, and citrus fruits.
  • Wood and Furniture Products: Growing production capacity and design.
  • Defense and Aerospace: Drones, armored vehicles, and naval vessels.

Overall Strategy

Turkey’s export strategy involves:

  1. Consolidating relations with established partners (EU, USA, UK).
  2. Aggressively pursuing opportunities in high-growth emerging markets (Central Asia, Africa, Gulf, parts of Asia and Latin America).
  3. Diversifying export products to higher value-added goods and services.
  4. Leveraging trade agreements (like the PTA with Uzbekistan) to enhance competitiveness.
  5. Focusing on e-exports, which are seeing significant growth.
  6. Participating in international fairs and trade delegations to foster new connections.

In summary, Turkey should continue to strengthen its trade ties with its traditional European and North American partners while strategically expanding its presence in the rapidly developing economies of Central Asia, Africa, and the Middle East, focusing on its strong manufacturing and agricultural sectors.

What is the Best Offer of Import from Turkey to Uzbekistan?

STARTINFORUM Business, Economy , , , , 0 Comment

Uzbekistan is a key strategic partner for Turkey in Central Asia, and there’s significant potential for increasing imports from Turkey across a wide range of sectors. The “best offer” for import from Turkey to Uzbekistan isn’t a single product, but rather a combination of factors driven by Uzbekistan’s economic development, consumer demand, and existing trade patterns.

Here’s a breakdown of the best import offers from Turkey to Uzbekistan, considering current trends and future potential:

1. Machinery and Equipment (Industrial and Agricultural)

  • Why it’s a “best offer”: This is consistently the largest and most valuable import category for Uzbekistan from Turkey. Uzbekistan is undergoing significant industrialization and infrastructure development, which drives high demand for machinery, nuclear reactors, boilers, and electrical equipment. This includes equipment for manufacturing, power generation, and various industries.

  • Specific opportunities:
    • Construction Machinery: As infrastructure projects (roads, housing, industrial zones) continue, demand for Turkish construction machinery remains strong.
    • Textile Machinery: Uzbekistan is a major cotton producer and aims to increase its textile processing capabilities.2 Turkish textile machinery, known for its quality and efficiency, is highly sought after.
    • Agricultural Machinery: Modernizing the agricultural sector is a priority for Uzbekistan, creating demand for irrigation systems, tractors, and other farm equipment.
    • Food Processing Machinery: As Uzbekistan seeks to add value to its agricultural output, Turkish food processing and packaging machinery is in high demand.

2. Finished Textile Products and Apparel

  • Why it’s a “best offer”: Turkish textiles and apparel are highly regarded in Uzbekistan for their quality, design, and competitive pricing. Despite Uzbekistan’s own textile industry, there’s strong consumer demand for Turkish fashion, home textiles, and ready-to-wear clothing.
  • Specific opportunities:
    • Ready-to-Wear (RTW) Clothing: Dresses, suits, casual wear, and sportswear for men, women, and children.
    • Home Textiles: Bedding, towels, curtains, carpets, and other textile floor coverings.
    • Hosiery: Socks, stockings, and other knitted apparel.
    • Specialized Fabrics: Materials for specific industrial or fashion needs.

3. Plastics and Plastic Products

  • Why it’s a “best offer”: Uzbekistan’s growing manufacturing sector and increasing consumer goods production lead to high demand for various plastic raw materials and finished plastic products.
  • Specific opportunities:
    • Plastic Pipes, Tubes, and Fittings: For construction, irrigation, and industrial applications.
    • Packaging Materials: For food, beverages, and other consumer goods.
    • Plastic Housewares and Consumer Goods

4. Building Materials and Related Products

  • Why it’s a “best offer”: Uzbekistan’s ongoing construction boom (residential, commercial, and industrial) creates continuous demand for a wide array of building materials.4
  • Specific opportunities:
    • Iron and Steel Articles: Reinforcement bars, structural components, and various fabricated metal products.
    • Ceramic Products: Tiles, sanitary ware.
    • Glass and Glassware: For windows, facades, and interior applications.
    • Cement, Plaster, Stone: Basic construction materials.
    • Furniture, Lighting, Prefabricated Buildings: For new constructions and interior outfitting.

5. Pharmaceutical Products

  • Why it’s a “best offer”: Uzbekistan is investing in its healthcare sector and has a constant need for a diverse range of pharmaceutical products. Turkey is a significant exporter of medicines and medical supplies.

  • Specific opportunities:
    • Packaged Medicaments: Various types of finished pharmaceutical products.7
    • Medical Devices and Consumables

6. Food Products

  • Why it’s a “best offer”: While Uzbekistan has a strong agricultural base, there’s demand for certain Turkish food products, especially processed foods and specific fresh produce not readily available or competitive locally.
  • Specific opportunities:
    • Citrus Fruits: Oranges, mandarins, lemons.
    • Processed Foods: Confectionery, canned goods, dried fruits, nuts, and some dairy products.
    • Animal Feed Additives: As seen in recent import data, specialized feed additives are imported.

Factors Enhancing the “Best Offer” Status

  • Preferential Trade Agreement (PTA): The PTA between Turkey and Uzbekistan, which entered into force in February 2023, significantly reduces or eliminates tariffs on specific goods for both sides.8 This makes Turkish products more competitive in the Uzbek market.
  • Strong Bilateral Ties: Both countries have a shared commitment to increasing trade volume, with a target of reaching $5 billion.9 This political will creates a supportive environment for business.
  • Logistics and Connectivity: Improved transportation links, including road and rail routes through the Caspian Sea, facilitate smoother trade flows.10
  • Turkish Investment in Uzbekistan: The presence of nearly 1,900 Turkish companies and significant investments in Uzbekistan (totaling $5.6 billion) creates a natural demand for Turkish-made goods and services within their projects.11

To identify the absolute “best offer” for a specific business, it’s crucial to conduct detailed market research, analyze current demand, understand local regulations, and consider logistics and competition.

However, the categories listed above represent the most promising areas for Turkish exporters looking to enter or expand in the Uzbek market.

For more information about international markets, export tendencies and recommendations, deep analysis of trading opportunities, please feel free to contact us.

Potential of Turkmenistan for Imports from Turkey

STARTINFORUM Business, Economy , , 0 Comment

Turkmenistan presents a significant and growing potential for imports from Turkey, driven by several factors:

Strong Existing Trade Relationship

  • Major Import Partner: Turkey is already a leading import origin for Turkmenistan, consistently ranking among its top partners (e.g., 33.3% in 2023, and 28.2% in 2021). This indicates established trade channels and a preference for Turkish goods.
  • Growing Trade Volume: In March 2025, Turkey’s exports to Turkmenistan increased by 35.6% year-on-year, reaching $89.6 million. This positive growth trend signifies increasing demand and opportunities.
  • Bilateral Targets: Both countries aim to significantly increase their bilateral trade turnover, with Turkey targeting $5 billion, more than doubling the $2.2 billion reached in 2024. This shared ambition creates a favorable environment for import growth.

Turkmenistan’s Economic Context and Import Needs

  • Government-led Investment: Turkmenistan’s economy is experiencing solid growth (projected 6.3% in 2024 and 2025), largely driven by government-led investment in modernizing and developing social and industrial infrastructure. This creates demand for a wide range of goods and equipment.
  • Diversification Efforts: While heavily reliant on natural gas exports, Turkmenistan is making efforts to diversify its economy, including investments in agriculture and textile industries. This opens doors for imports related to these sectors.
  • Infrastructure Development: Significant infrastructure improvements, particularly in transportation, have doubled cargo and passenger transport in the first half of 2024. This suggests a continued need for construction materials, machinery, and related equipment.
  • “Single Window” for Trade: The launch of a “single digital window” for export-import operations in July 2024 aims to streamline procedures and boost foreign trade, making it easier for Turkish businesses to export.

Key Product Categories with High Potential for Turkish Exports

Based on current trade data and Turkmenistan’s development priorities, the most promising categories for Turkish imports are:

  • Machinery, Nuclear Reactors, and Boilers: Consistently the top export from Turkey to Turkmenistan, this category reflects Turkmenistan’s ongoing industrial development and infrastructure projects.
  • Electrical and Electronic Equipment: Essential for modernizing infrastructure and industries.
  • Articles of Iron or Steel & Iron Structures: Crucial for construction and heavy industry projects.
  • Plastics and Plastic Products: Used in various industries, packaging, and consumer goods.
  • Furniture, Lighting, and Prefabricated Buildings: Driven by construction and urban development.
  • Vehicles and Parts: As Turkmenistan’s economy grows, so does the demand for transportation.
  • Miscellaneous Chemical Products: Wide application across industries.
  • Textiles and Apparel: While Turkmenistan has its own textile industry, there’s still demand for various finished textile products and potentially specialized fabrics.
  • Pharmaceutical Products: A constant need for medical supplies.
  • Food Products: Turkmenistan imports a variety of food items, presenting opportunities for Turkish agricultural and processed food exporters. This includes fruits, vegetables, and processed foods.
  • Soaps, Lubricants, and Waxes: Everyday consumer and industrial goods.
  • Building Materials (e.g., Stone, Plaster, Cement): As construction continues, demand for these materials remains strong.

Challenges and Considerations

  • State-Controlled Economy: Turkmenistan’s economy is highly state-controlled, with limited private sector development. This means that government procurement and large-scale projects often drive import decisions.
  • Non-Tariff Barriers: While tariffs are relatively low, non-tariff barriers can still hinder trade. Understanding and navigating these regulations is crucial.
  • Currency Convertibility: The significant gap between official and parallel exchange rates can pose challenges for foreign exchange access for businesses.
  • Competition: Turkey faces competition from other major import partners like China, Russia, and Germany.

Conclusion

The potential for imports from Turkey to Turkmenistan is substantial and growing. Turkey’s expertise in manufacturing, construction, and a wide range of consumer goods aligns well with Turkmenistan’s development priorities and import needs. Businesses looking to expand into Turkmenistan should focus on sectors related to infrastructure, industrial modernization, and consumer goods, while also being aware of the nuances of doing business in a state-controlled economy. The ongoing efforts to streamline trade procedures and the strong bilateral commitment to increasing trade further enhance this potential.

Import-Export Between Turkey and Kazakhstan

STARTINFORUM Business, Economy , , 0 Comment

Turkey and Kazakhstan share deep historical and cultural ties, which have fostered strong economic relations, particularly in trade.

Both countries are key partners and have been working to significantly increase their bilateral trade volume, with a target of reaching $10 billion.

Overall Trade Dynamics

  • In 2022, the trade volume between Turkey and Kazakhstan reached a record of $6.3 billion.
  • Kazakhstan is a significant import partner for Turkey, while Turkey’s exports to Central Asia, including Kazakhstan, have seen substantial growth.
  • Turkey generally has a positive trade balance with Central Asia, though historically it has a negative trade balance specifically with Kazakhstan.
  • Trade agreements, such as the currency swap agreement signed in April 2025, aim to simplify mutual settlements, reduce currency risks, and boost trade.
  • There are numerous bilateral agreements covering various sectors such as transportation, machinery, chemicals, energy, and mining.

Main Export Products from Turkey to Kazakhstan

Turkey’s exports to Kazakhstan are diverse and include both industrial and light industry goods, as well as food products.

Key categories include:

  • Machinery and Equipment: This is a significant export category, including nuclear reactors and boilers.
  • Vehicles and Parts: Cars and vehicle bodies are notable exports.
  • Textiles and Apparel: This includes knitted and non-knitted clothing (e.g., jerseys, pullovers, suits), as well as bedding, carpets, and other textile floor coverings.
  • Electrical and Electronic Equipment
  • Plastics and Plastic Products
  • Iron and Steel Articles
  • Mineral Fuels and Oils
  • Pharmaceutical Products
  • Food Products: Such as sunflower seeds and citrus fruits (oranges, mandarins, lemons).
  • Furniture, Lighting, and Prefabricated Buildings
  • Soaps, Lubricants, and Waxes

Main Import Products by Turkey from Kazakhstan

Turkey primarily imports raw materials and commodities from Kazakhstan, leveraging Kazakhstan’s rich natural resources.

The main imports include:

  • Mineral Fuels and Oils: Crude petroleum and other distillation products are the most significant imports. Kazakhstan’s economy is heavily reliant on oil and gas exports.
  • Metals: This includes:
    • Copper (refined copper, copper ores and concentrates)
    • Aluminum
    • Iron and Steel
    • Zinc
    • Lead
    • Precious stones and metals (including gold)
  • Ores, Slag, and Ash
  • Inorganic Chemicals
  • Agricultural Products: Cereals (like wheat) and legumes (peas, lentils), as well as edible vegetables and certain roots and tubers.
  • Cotton

In essence, Turkey exports a range of manufactured goods and some agricultural products to Kazakhstan, while importing primarily raw materials and energy resources from Kazakhstan.

This complementary trade structure is a basis for their ongoing economic cooperation.

To learn more about import-export opportunities with Turkey as well as develop trading partnerships, please feel free to contact us.

Business Needs in Turkey

STARTINFORUM Business, Economy , 0 Comment

Turkey, strategically located at the crossroads of Europe, Asia, and the Middle East, presents a dynamic and evolving business landscape.

Driven by a young and educated workforce, government incentives, and ongoing infrastructure development, several key sectors are demonstrating significant potential for growth and investment.

Business Needs and Opportunities in Turkey

Here are some of the current business needs and opportunities in Turkey:

I. High-Growth and Emerging Sectors

Renewable Energy

Turkey has ambitious targets for increasing its share of electricity from renewable sources (e.g., solar, wind, geothermal, hydroelectric).

This commitment, coupled with its favorable geography, creates significant opportunities in:

    * Infrastructure development for renewable energy projects.

    * Manufacturing of renewable energy equipment (solar panels, wind turbines).

    * Related services and technologies in the green energy sector.

Technology and Software Development

Turkey’s IT sector is thriving, Fuelled by a digitally fluent population and a surge in tech entrepreneurship. Key areas of demand include:

    * Cybersecurity: With increasing digitalization, there’s a strong need for experts in threat detection and response, encryption, network security, and vulnerability management.

    * Fintech: Development of financial technologies and digital payment solutions.

    * E-commerce and Digital Retail: Continued growth in online retail platforms and digital services.

    * Artificial Intelligence (AI) and Automation: Investment in AI engineers, data scientists, and automation specialists as Turkey aims to integrate AI into its economy.

    * Cloud Computing and Data Science: Demand for professionals and solutions in cloud-based operations.

    * Blockchain Technology: Growing interest and investment in blockchain for various applications, including real estate and cryptocurrency.

Manufacturing and Industrial Production

Turkey Remains a Strong Manufacturing Hub, Particularly for:

    * Automotive: Home to production facilities for major global brands (Ford, Toyota, Fiat), with growing momentum in electric vehicle (EV) production, EV infrastructure, smart mobility, and component manufacturing.

    * Textiles and Apparel: Renowned for high-quality fabrics and garments, offering opportunities for sourcing and manufacturing.

    * Electronics and Machinery: Continued demand for advanced machinery and electronic components.

    * Food Processing and Agricultural Technology (Agritech): Turkey is a leading producer of agricultural products, and there’s a growing need for smart farming tools, sustainable practices, and food processing technologies.

Healthcare and Medical Tourism

The healthcare industry has seen rapid advancement with increasing public and private investment. Opportunities exist in:

    * Developing new healthcare facilities and modernizing existing ones;

    * Medical tourism (cosmetic surgery, dentistry, fertility treatment) due to high-quality yet affordable services;

    * Digital health technologies and virtual healthcare services, especially for rural areas.

Real Estate and Construction

The real estate market remains resilient, driven by urban regeneration projects, population growth, and demand for residential, commercial, and industrial spaces. Istanbul, in particular, remains a hotspot.

Logistics and Transportation

Turkey’s strategic location makes it a crucial hub for logistics. Investment in modern transportation networks, ports, and free trade zones enhances efficiency and reduces logistics costs, creating opportunities in freight, warehousing, and supply chain management.

Tourism and Hospitality

A vibrant industry attracting millions of visitors. Opportunities include:

    * Developing hotels and resorts.

    * Emerging niches like medical tourism, eco-tourism, wellness tourism, and curated cultural experiences.

    * Developing multilingual service capabilities to attract diverse international markets.

II. Key Business Needs and Challenges

Skilled Labor Shortages

Despite a young workforce, there are specific skill gaps in high-demand fields such as:

    * Robotics Engineering

    * Cybersecurity

    * Healthcare (technically advanced professionals)

    * Renewable Energy Engineering

    * Blockchain Management

    * Biotechnology Research

    * Professionals with strong English proficiency.

Maintaining Macroeconomic Stability

While policies are being implemented to restore sustainable growth and reduce economic imbalances, challenges like inflation and external financing needs persist. Businesses need to navigate this economic environment carefully.

  • Regulatory Complexity

Understanding and navigating Turkish business laws, tax systems, and trade requirements can be complex for foreign investors. Partnering with local experts is often crucial.

  • Identifying Reliable Partners

Finding trustworthy local partners is essential for successful market entry and operations.

  • Cultural and Language Barriers

While English is becoming more common, especially in business, understanding Turkish business culture and addressing language differences can be important.

  • Intellectual Property Protection

A significant concern, particularly in manufacturing and technology sectors.

  • Data Privacy and Cybersecurity

Critical considerations for businesses operating in the technology sector.

III. Government Support and Incentives

The Turkish government actively encourages both domestic and foreign investment through various incentive programs:

  • Investment Incentive Program

Provides tax benefits (corporate tax reductions, VAT and customs duty exemptions), social security premium support, interest rate support, and land allocation based on region and sector.

  • Research and Development (R&D) Incentives

Tax deductions for R&D expenditures, social security premium support for R&D personnel, and additional benefits for companies with dedicated R&D centers.

  • Technology Development Zones (Technoparks) Incentives

Income tax exemption for employees, VAT exemption for software and R&D products developed in Technoparks.

  • Free Zones (FZ) Incentives

Exemptions from VAT and customs duties, income tax withholding incentives for export-oriented companies.

  • Strategic Investment Incentives

Tailored support for large-scale, high-value-added projects that reduce foreign dependency.

  • Project-Based Investment Incentives (Super Incentives)

Financial support for innovative, technology-oriented, R&D-focused projects that align with national development plans.

In summary, Turkey offers a compelling landscape for businesses, particularly in sectors aligned with its strategic economic priorities like renewable energy, technology, and advanced manufacturing.

However, successful entry and growth require a clear understanding of the local market, effective navigation of regulations, and addressing the demand for specialized skills.

To learn more about different sectors of Turkish economy, explore possibilities for partnerships as well as import-export activities, please feel free to contact us by filling out the form below or by email to start.inforum@gmail.com

Bursa – the City of the Industrial Production and International Trade

STARTINFORUM Business, Economy, Real Estate, Tourism , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 0 Comment
Bursa – the City of the Industrial Production and International Trade

Bursa, one of the few cities in the world that has succeeded in combining natural beauty with industry and technology.

Being the centre of industry and culture, Bursa has turned into a driving force of the Turkish economy, especially taking into account the increasing inflation and economical crisis of nowadays.

With its factories and production areas, Bursa makes a significant contribution to the country’s economy by intensive import and export activities.

The city has a well-developed infrastructure and technological background to continue its rise in production and international trade.

Located in a close distance from the sea routes of the Marmara Sea, Istanbul, and the Aegean Sea, being surrounded by other industrially powerful areas of Turkey, Bursa has gained a reputation of the city which is rapidly developing and quickly reacting to the demands of the international production and trade.

Thanks to its favourable climate, affordable routes of transportation, closeness to the vein of the Turkish economy and production, Bursa has opened its doors to the partners from Eastern and Western Europe, Middle and Far East, countries of the North and South America. 

In Bursa, such sectors such as textile, automotive, machine-metal manufacturing, agriculture-based industry, food, furniture are leading the market and producing value at the national and international levels.

32 of the 500 largest Turkish companies are located in Bursa.

According to the records of the Provincial Directorate of Science, Industry and Technology, the total number of factory parcels in the region is 2,142, and the number of active facilities is 1,652.

What Industries are Especially Developed in Bursa?

Automobile Industry

Among the 250 companies in Bursa, the automotive industry produce the highest added value with a share of 44 percent. Automotive is followed by the food, agriculture and livestock industry with 16 percent, and the textile and apparel industry with 15 percent.

Two car factories of Turkey are located in Bursa. They are Renault and Tofaş (Fiat). The number of factories related to automotive industry working in Bursa are quite high. 16 types of machines are manufactured in Bursa including different types of equipment and tools. 32 varieties of auto accessories are assembled at the factories of Bursa and its branches in other cities and countries.

Textile Industry

In Bursa, there are 18 organized industrial zones and approximately 4100 textile and ready-made clothing companies operating in 1 free zone.

The textile factories manufacture goods using nylon, polyester, wool, etc to produce a big variety of textile for homes, cloths, cars, and so on.

2020 Data 

Bursa´s companies have developed a big number of local products which have been exported all over the world for the last 10 years, thank to the series of business projects developed together with the city municipality. 

Bursa has also become famous for such products as first metro-bus produced in Turkey, first domestic tram, first national 3D printer, laser chip, etc. 

250 big companies in Bursa reached 189 billion TL in their net sales, 30.6 billion TL in their added value, and 49.9 billion TL in their equities in 2020. 

The assets of these companies were recorded as 145.7 billion TL, their sales from production as 139.4 billion TL and their profit for the period is 12.6 billion TL. 

The exports of 250 large companies in 2020 amounted to 9.8 billion dollars. 

The total employment of the first 250 companies in 2020 was 149 thousand people.

In Bursa, the locomotive city of the Turkish economy, the first 6 companies ranked according to their net sales in 2019 maintained their positions in 2020 as well. 

Renault took the first place with 31.2 billion TL, the same as in 2019. Tofaş ranks second with TL 24.7 billion, while Bosch ranks third with TL 8.4 billion. Borcelik, Limak, Sütaş, Pro Yem, Yazaki Systems, Beyçelik Gestamp and Asil Çelik followed the 3 companies mentioned above. Out of the companies in the ranking list, 68 are automotive sub-industry, 43 are textiles, 30 are food, agriculture and livestock, 22 are retail trade, 17 are machinery and equipment, 13 are metal, 7 are ready-to-wear, 7 wood forest products and furniture, 6 plastics, 5 cement, soil products and mining, 5 energy, 5 environment and recycling, 4 construction, 4 automotive main industry, 3 economic relations and finance, 3 services, training and consultancy, 3 chemistry, 3 logistics, 1 electrical-electronics, and 1 health.

To find out more about the city, its industries and producers, set up connections for import-export activities, please feel free to contact us start.inforum@gmail.com

Resources:

Bursa’nın en büyük 250 şirketi belli oldu! İŞTE TAM LİSTE https://www.memleket.com.tr/bursanin-en-buyuk-250-sirketi-belli-oldu-iste-tam-liste-2110235h.htm

Turkiye Tekstil Sektörü ve Bursa https://uib.org.tr/tr/kbfile/turkiye-tekstil-sektoru-ve-bursa

Bursa’da Organize Sanayi Bölgeleri https://www.btso.org.tr/?page=bursaeconomy/industrialzone.asp

Skip to toolbar