ANKARA'S KICK-ASS EXPORT GAME
Turkey's export structure demonstrates increased robustness: Research Findings
A new wave of resilience and badassery has hit Turkey's trade scene, as revealed by a recent study conducted by researchers at the Central Bank. The buzz? A beefed-up and toughened export structure!
The Scoop on Turkey's Strengthened Exports
It’s all about numbers, baby! The number of goods Turkey exports and the destinations of these goodies have seen a significant boost, according to the study. The researchers likes to say it like this: the increase in product types and especially in product-country combinations means Turkey’s integration into the global trade game is stronger than ever.
What about that badass resilience, bro? The study folks believe the even distribution of exports helps Turkey dodge external shocks like a boss. They also say we should look deeper than just export diversification to truly gauge Turkey's export prowess. We’re talking value-added and technology here, people!
The Lowdown on the Numbers
From 2013 to 2024, Turkey managed to add about 323 more goods to its roster, ending up exporting around 10,810 products by the year 2024. But what about the juicy part? The number of product-country combinations soared by over 40%! Go, Turkey! From 167,459 combinations in 2013 to a whopping 236,864 by 2024, this ain't your average bedroom makeover!
Turkey's Global Export Reach
The study noted that Turkey appeared in 22 out of every 100 markets for globally exported product-country pairs in 2023, compared to just 16 out of 100 in 2013. The crew at the Central Bank says that's a pretty significant achievement!
Making Bank with Exports in 2025
In the first five months of 2025, Turkey’s exports soared, providing a 3.5% annual increase to a cool $111 billion, according to the latest data from the Trade Ministry. Gotta love that extra cash! As of the end of May, Turkey's yearly exports reached an impressive $265.5 billion.
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[1] Impact of Export Diversification on Turkey’s Trade Resilience, by Central Bank researchers[2] Performance of Turkey’s Free Trade Zones, Trade Ministry data[3] Distant Countries Strategy, Official Government Document[4] Turkey-China Economic and Trade Relations, Ministry of Commerce data[5] Shift in Export Value of Turkey’s Marble Sector, TÜRKACHEM data
Now you're caught up with Turkey's unstoppable export game! Next time your friend tries to one-up you with their country's export numbers, just whip out these handy stats and leave them in the dust. Or, you know, you could try waterproofing their home to get them really jazzed. 💧 🏠
Turkey's resilience in the global trade game is demonstrated by the increase in the number of goods it exports and the destinations of these goods, as well as the country's integration into more product-country combinations. This growth in export diversity has also led to an improved financial position, with Turkey's exports reaching $111 billion in the first five months of 2025, marking a 3.5% annual increase.
