The Trade Ministry has vowed to take necessary measures to prevent price increases and ease supply problems in the cement market. The ministry said in a statement that it is monitoring developments in the construction sector, which has a considerable weight for the Turkish economy, adding that it is looking into the foreign trade angle. The statement recalled a directive

Türkiye’s construction equipment sector worked by increasing its production capacity in 2022 in order to keep up with the intense domestic and international demands, a prominent sector representative has said. “Although 2022 was a difficult year for the real estate sector trying to recover from the impact of the pandemic, efforts for production, export, and employment continued

Turkey temporarily halts exports from third countries 03.17.2022By Susan Reidy ANKARA, TURKEY — Turkey has temporarily banned exports sourced from third countries to stabilize local market conditions and keep prices from increasing further, according to a report from the US Department of Agriculture’s Foreign Agricultural Service (FAS). Turkey has stopped exports of grains, oilseeds, cooking oil and

BRASILIA, BRAZIL — Brazil is expected to slow its soybean planting expansion in 2022-23, with just a 0.5% increase year-over-year, down from the 3.8% annual growth rate last year, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA). Soybean planted area is estimated at 42.5 million hectares, compared with

Turkish Iron and Steel Industry After entirely compensating the losses of the crisis period by growing 15 %, production growth in the world steel industry slowed down to 6.8 % in 2011. Compared to the previous years, it is observed that Chinese effect in the world steel industry growth continued to ease. Chinese steel production growth leveled off to 9-10 %

Food production is an important part of the Turkish economy. Almost 20% of its GDP is provided by the food and beverage industry and it is preparing for further expansion. The following is an overview of the Turkish market and the business opportunities it presents for Swiss SMEs. The Turkish government has set itself the

 Turkey is expected to increase wheat production by 1 million tonnes in 2022-23, even as farmers face skyrocketing input costs, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).   Wheat production is estimated at 17 million tonnes. About 2 million tonnes of that is expected to be durum

 Turkey has a dynamic and successful machinery industry. Now Turkey’s machinery exports value is around 10% of total value of exports. Turkish machinery & equipment manufacturers adapt themselves to changing markets and new technologies quickly, so the export values tend to increase in the coming years.  The export values of machinery in the past years

packaging sector in Turkey DEFINITION AND CLASSIFICATION OF THE SECTOR Two basic classification systems are used for all products subject to trade. Detailed While the Harmonized Commodity Description and Coding Systems (Harmonized Commodity Description and Coding Systems) is used for data, the International Standard Trade Classification (SITC Rev.4, Standard International Trade Classification) is used for

The Shipbuilding Industry in Turkey  Summary This report on the shipbuilding industry in Turkey is one of a series studies covering various OECD  countries and non-OECD economies, and has been prepared to inform OECD’s Council Working Party on  Shipbuilding (WP6) on the status and future prospects of that industry. This report is the first to

solar panels industry in turkey Turkey aims to increase its solar power panel production capacity to 9,110 megawatts by 2023 and become one of the top three producers in the world in this field, Energy and Natural Resources Minister Fatih Dönmez has said. Increasing the share of renewables in total installed electricity production capacity is

food supply security  Despite the unfavorable developments globally, there are no risks to food supply security in Türkiye thanks to measures in place, said the Food and Agricultural Products Monitoring and Assessment Committee in a statement on Sept. 14.  Treasury and Finance Minister Nureddin Nebati, Agriculture Minister Vahit Kirişçi, Trade Minister Mehmet Muş, Ibrahim Senel, the head of Strategy and

Troubles in Europe offer opportunities for Turkish agriculture sector Troubles in Europe offer opportunities for Turkish agriculture sector The  looming energy crisis in Europe and the war in Ukraine that hampers production in the continent offer huge opportunities for Turkish agriculture products exporters, according to people from the industry.  There have been reports suggesting that farmers in Europe stop

Manufacturing most profitable industry in 2021 The combined net profit of more than 153,000 enterprises that operate in the manufacturing industry amounted to 371 billion Turkish Liras in 2021, according to the company accounts survey conducted jointly by the Turkish Statistical Institute (TÜİK) and the Central Bank. This was the largest profit posted among 14

Agricultural input prices up 1.3 percent  The monthly increase in the agricultural input prices index slowed from 7.9 percent in June to 1.3 percent in July, data from the Turkish Statistical Institute (TÜİK) have shown.  Input prices in the agriculture sector rose by 133.4 percent year-on-year in July, easing from 135 percent in the previous month. The

Europe throws billions at energy crisis  Almost every week now, European governments are announcing emergency measures to protect households and businesses from the energy crisis stemming from Russia’s war in Ukraine.   Hundreds of billions of euros — and counting — have been shelled out so far since Russia invaded its pro-Western neighbour in late February.  

European supermarkets turning to Turkey for food supplies  As greenhouse cultivation has dropped in Europe due to the growing energy crisis, supermarket chains in the continent are turning to growers in the southern province Antalya to secure food supplies.  Production in Europe has dropped 30 to 40 percent, that’s why they are looking for a

Turkey ranks first in aquaculture production in EU  With its annual 800,000 tons of aquaculture production in the past three years, Turkey has ranked first among European Union countries, according to data from the Agriculture and Forestry Ministry.  Some 328,000 tons of this production in 2021 came from hunting and 472,000 tons from aquafarming. As production rose,

Manufacturing capacity utilization rises in September The capacity utilization rate (CUR) in the key manufacturing industry improved from 76.7 percent in August to 77.4 percent in September, data from the Central Bank have shown. In the durable consumer goods, the capacity usage rate eased from 77.2 percent last month to 74.9 percent, while in the non-durable goods

Footwear sector in Turkey targets $1.3 bln in exports Türkiye’s footwear industry sector aims to boost its export revenues from $1 billion last year to $1.3 billion in 2023 as demand from the EU grows stronger. The industry started to diversify its foreign market after the COVID-19 pandemic which help local footwear companies increase their

Exports in Turkey hit $21 billion in August, rising 13 percent Turkey’s exports increased by 13.1 percent in August from the same month of last year, reaching $21.3 billion, according to data from the Turkish Statistical Institute (TÜİK) released on Sept. 30. The country’s imports amounted to $32.5 billion, exhibiting an annual increase of 40.4 billion. Germany

Auto sales up nearly 9 percent in September in Turkey  The combined sales of passenger cars and light commercial vehicles exhibited an annual increase of 8.7 percent in September to 62,000 units, the Automotive Distributors’ Association (ODD) said on Oct. 4  The passenger car market, which contracted 21.3 percent in August, expanded 2.9 percent last

Gold imports soar in September to 39 tons  Turkey s gold imports leaped more than 1,700 percent in September from the same month of 2021 to stand at 39,000 kilograms, according to data from Borsa Istanbul’s Precious Metals and Diamond Markets.  This marked the highest level since January 2010, when gold imports stood at 44,210 kilograms. Türkiye’s

Textile industry eyes becoming one of top three in the world  TURKEY’s textile industry that has increased its share over the past years in global trade aims to become one of the top three players in the world market.  “We already reached our target, which we set out four years ago, of making Türkiye one of the

Turkey becomes base for sports shoe production  While the sportswear trend in shoes, which has come to the fore with the pandemic, continues, Turkey is becoming a base in the production of sports shoes.  In addition to the production of domestic brands, world-famous brands Skechers, New Balance and Puma have their production done in Türkiye. Nike and Adidas are also

Steel exports down in August  The Turkish steel industry’s exports declined by 25 percent in August from a year ago to 1.4 million tons, the Turkish Steel Producers’ Association (TÇÜD) has said. Local steelmakers’ export revenues fell 31.5 percent on an annual basis to $1.2 billion. In the month, the industry’s production amounted to 2.8 million tons, down 21 percent

Turkish Grain Board stocks 6 million tons of grain The Turkish Grain Board (TMO) bought a record amount of over 5 million tons of wheat and over 1 million tons of barley this year, after the global food security rush due to both the pandemic and the Ukraine-Russia war. “We have stocked the grain in our own silos,

Capacity usage down but business morale improves  The capacity utilization rate (CUR) in the manufacturing sector declined but business morale improved in October, the Central Bank has said.  The CUR eased from 77.4 percent last month to 76.9 percent in October. In the durable consumer goods, the capacity usage rate fell from 74.9 percent in September to

Opportunities may emerge for Turkish steel industry  There are risks but new opportunities may arise for Türkiye’s steel industry, the head of a trading group has said, noting that the country is emerging as a reliable supplier in the energy-intensive sectors at a time when Europe is set to face challenges this winter.  “There will likely be