Hottest Products to Import From Turkey for 2024
Below are the hottest products to export from Turkey, with large growth potential:
- Knitwear and Fashion Apparel ($19.3 billion in 2023)
- Jewelry ($12 billion estimate for 2024)
- Turkish Carpets ($2.8 billion in 2023)
- Turkish Furniture ($8.44 billion in 2022)
- Turkish Ceramics ($1.31 billion in 2023)
- Turkish Suits
When considering what countries to import products from, imports from Turkey should be definitely considered. Turkey has a preferential trading agreement with the EU offering some great advantages as far as the EU Turkey customs union, making trade in 2024 look increasingly strong for Turkeys’ exports.
What I’ve Personally Imported From Turkey
In the following video Alan Bracken talks about the advantages of importing from Turkey. He touches on his personal experiences doing business in Turkey as well as some of the best items to import that Turkey has to offer:
- Preferential Trading with Turkey
- Fruits and Vegetables
- Importing Clothes From Turkey
- Catering and Hospitality
- Leather Goods
Turkey’s Exports Rose to $255.8 billion in 2023
Turkey’s exports rose to $255.8 billion last year, the country’s highest level ever. Right now is the time to take advantage of this breakout in business confidence coming from Turkey. Turkey is hot!
Germany, USA, Iraq, UK and Italy were Turkey’s top 5 export partners. Countries that saw the biggest increase in exports are Russia, Iraq, USA, Germany, and Romania, in descending order.
2022 saw an increase accross the board with exports to 162 countries and new records hit in 108 countries as well as increasing the number of countries that Turkey exported a value of more than $1 billion to, to 52.
16 sectors hit records, 23 sectors’ exports exceeded $1 billion. 21,501 exporters were added to the country’s total, whose exports reached at $3.7 billion in total.
Record Sales to Germany, U.S., U.K.
Exports to the European Union, where almost half of Turkey’s exports go, surged 33% year-over-year to $93.1 billion, enabling Turkey to post a surplus of around $7.7 billion in trade with the bloc.
Sales to the U.S. were up 44.6% year-over-year, or $4.54 billion, the data showed.
Exports to the U.K. surged 22% in the first year after Ankara and London signed a post-Brexit free trade agreement in December 2020 to support a trade partnership worth over $25 billion.
Now’s the time to get onboard with further growth forecast for Turkeys’ exports. Selling products to an EU country or in the UK can offer a high profit margin as product quality is superior for many products, as seen below and maintain a high selling price.
If you’re looking for some ideas to import from Turkey and sell here’s our 6 hottest ideas for 2023:
Import Knitwear and Fashion Apparel from Turkey
Turkey exported apparel worth $19.3 billion, compared to exports of $15.102 billion during the same period of 2021, a rise of 8.44% (Jan-Oct 2022).
Exports of knitted and crocheted clothing and accessories earned $9.250 billion in January-October 2022, registering a growth of 4.6 per cent over $8.843 billion earned during the same months of the previous year.
Import Jewelry From Turkey
Turkey aims to increase exports of jewelry products to over $10 billion in 2023 and is expected to continue with robust growth through this year, surpassing the $10 billion in exports recorded in 2022, up from $6.7 billion of jewelry exports in 2021.
Import Carpets from Turkey
Turkey’s exports of carpets and other textile floor coverings was $2.82 Billion during 2022, according to the United Nations COMTRADE database on international trade. The carpet sector is a sector where Turkey are pioneers in the world.
Turkey has an ambitious target of $5 billion per year by growing the scale and this can be an incredibly profitable product and worth considering for any importer.
Import Ceramics From Turkey
Turkey’s exports of ceramic products was $1.31 Billion during 2023, according to the United Nations COMTRADE database on international trade, up from $1.2 billion in 2021.
Turkey has one of the oldest and fastest-growing ceramic manufacturing industries in the world. The ceramic tile manufacturing industry is one of the most developed sectors in Turkey. The country has emerged as one of the top ten ceramic tile manufacturers in the world. The industry in the country is eighth in the world and third in Europe. Demand for Turkish ceramics is at its highest in the US, UK and Germany.
Import Furniture From Turkey
Turkish exports in the furniture reached 8.44 billion dollars during the past year 2022, recording the highest annual exports ever.
According to information from the data of the Turkish Exporters Council, the sector’s exports recorded a growth of 20.8 percent during 2022 compared to 2021.
As far as which countries imported the most, Iraq topped the list with $1.04 billion, followed by Israel with $483.6 million, then Britain with $450.8 million.
Import Suits From Turkey
Turkish clothing exports, especially to EU markets, will continue increasing because high Chinese salaries are making China less price-competitive and Turkish apparel has a much better quality image than Chinese apparel. Another factor is the gradual depreciation of the Turkish lira is giving Turkish exporters an advantage on price.
How To Import From Turkey
4 Steps To Success
If you’re now thinking to get involved in the import export world, I highly recommend it! Below is a personal testimonial of my experience, working 35+ years in import export. I’ve met some many great people, enjoyed my travels around the world and the satisfaction of negotiating deals and moving products around the world has been fantastic.
If the ideas above have inspired you, I recommend you take the next three steps.
Step 1: Sourcing Your Products
Once you’ve decided on some products, you’ll have to source where to buy them. Finding sellers of your products is also half the fun. If you’re in a position to travel and explore, do it! It’s a great opportunity to expand your horizons. Not so easy in these times of a global pandemic but eventually we’ll be able to travel again.
If you can’t travel, there’s always Google, AliBaba and AliExpress. This can be a great place to start. For more ideas and an much more in-depth look into sourcing products, check out our blog in sourcing products internationally.
Step 2: Finding Buyers
Perhaps the biggest question is inevitably, how do I find buyers for my products?
This is without doubt the most common question that I’m asked. Well, the good news is, there’s more than one way to do this. The bad news is, there’s no “easy” way. It’s all going to take some hard work and perseverance but it can most certainly be done and some good profits are no doubt waiting for you.
For my biggest hints and tips after a lifetime in commercial buying and selling check out our blog post on finding buyers.
Step 3: Understand the Basics
You’re going to need to understand at a minimum, the basics of import and export. Don’t jump in and start buying products, hoping to sell them by crossing your fingers. You’ll lose money, time and cause yourself a lot of stress.
To start, have a read of our blog post, How To Start an Import Export Business. It’s only the bare minimum but it will give you an idea of what you need to start thinking about and you’ll pick up some handy tips that I learned over the year.
Step 4: Import Export Training Courses Online
If you’re still sold on the idea of international trade, I can only advise you to educate yourself. It’s going to save you a lot of pain! Our online import export courses are taught with a series of pre-recorded videos so you can start any time, study at your own pace and there’s no deadline to complete.
Our courses teach you the practical knowledge you’ll need to know to trade successfully, confidently whilst maximising your profits. Taught by Alan Bracken, with 35+ years of commercial experience in logistics, he skips all the theory you’ll never need to know but teaches you the practical side of how to move your goods around the world.
We were voted Best Trade Education Provider in 2017 by Trade Finance Global and our course has been validated by the London Institute of Shipping and Transport.
Check out our reviews on TrustPilot to see just how our courses have benefited our students.
Photo by Svetlana Gumerova on Unsplash
