The top 5 imports of Turkey are Gold ($23.7B), Cars ($8.17B), Refined Petroleum ($6.13B), Scrap Iron ($6.01B), and Motor vehicles; parts and accessories ($5.84B),
In 2020, Turkey was the world's biggest importer of Scrap Iron ($6.01B), Non-Retail Synthetic Filament Yarn ($1.21B), Sunflower Seeds ($560M), Unprocessed Artificial Staple Fibers ($409M), and Looms ($334M)
Imports are a good indicator of a country's economic status and priorities:
The demand for Gold in Turkey stemmed from the need to meet retail demand following a currency crisis (2019). Gold imports jumped nearly 550% as inflation accelerated to 83.45% in September 2022.
With the focus on manufacturing, it makes sense that Turkey would be importing raw materials, recyclable materials, and production machinery.
Third-Party inspection and verification play a big role in both the importing of scrap iron and machinery for a specific manufacturing process. Inspexion.com is the fastest way of booking and reporting of third-party inspections worldwide.
If you are looking to import into Turkey, book an inspection on our platform and see how quick and easy it is to get a third-party verification done.