Blog Turkey's Exports to Germany Hit a Record High During the Second Month of This Year

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31 Mar 2022

Turkey's exports to Germany hit a record high during the second month of this year

Germany is one of Turkey's most important trading partners, it ranks second among foreign countries whose citizens own companies operating in the Turkish market with 7,600 German commercial companies operating in various economic sectors in Turkey. Germany is also one of the largest Turkish export markets around the world.

The volume of trade exchange between the two countries witnessed a great development that culminated in a record number last year, as the value of the trade exchange amounted to $41.1 billion.

Turkey's exports to Germany set a record last year, with exports reaching 17 billion, 705 million, and 400 thousand dollars, an increase of 22.9% over the previous year's exports.

Table Of Contents

1. Another record was achieved by February 2022 exports
• The largest share of exports was the automotive sector
• Istanbul is the most exporting state to Germany during February

Another record was achieved by February 2022 exports

According to official statistics issued by the Turkish Exporters Association, Turkey's exports to Germany in February of this year amounted to 1 billion and 644 million and 24 thousand dollars, an increase of 21.4% over the exports of the same month last year.

Therefore, Germany ranked first among the markets to which Turkish exports went during February of this year, followed by the United States of America with exports amounting to 1 billion and 118 million and 491 thousand dollars, and in third place, the United Kingdom with exports worth 1 billion and 56 million and 830 thousand dollars, and the first five ranks of the countries receiving Turkish exports were as follows:

Rank	Country	Turkey's exports to the country in February 2022
1	Germany	1 billion and 644 million and 24 thousand dollars
2	United States of America	1 billion and 118 million and 491 thousand dollars
3	United kingdom	1 billion and 56 million and 830 thousand dollars
4	Italy	985 million and 695 thousand dollars
5	Iraq	832 million 154 thousand dollars

The largest share of exports was the automotive sector

With regard to the classification of Turkish exports to Germany, the automotive sector ranked first among the Turkish economic sectors that exported goods to Germany in February 2022, as the volume of exports of this sector to Germany amounted to 382 million and 765 thousand dollars.

The ready-made garments sector came in second place, with exports worth 331 million and 881 thousand dollars, followed by the iron and minerals sector with exports worth 175 million and 335 thousand dollars.

The first ranks among the Turkish economic sectors that exported goods to Germany during the second month of this year were as follows:

Rank	Sector	The volume of exports of the sector to Germany in February 2022
1	Auto industry	382 million and 765 thousand dollars
2	Ready-made garments	331 million and 881 thousand dollars
3	Iron and Minerals	175 million and 335 thousand dollars
4	Chemicals and articles thereof	131 million and 588 thousand dollars
5	Electrical and Electronics	109 million and 944 thousand dollars

Statistical data indicated that 20 of the 27 Turkish economic sectors exported to Germany made progress in their exports in February of this year.

Istanbul is the most exporting state to Germany during February

In the classification of Turkish states according to their exports to Germany, Istanbul ranked first among the Turkish states most exporting goods to Germany in February of this year, with exports worth 750 million and 779 thousand dollars, followed by Bursa state with exports worth 210 million dollars. And 528 thousand dollars, then Izmir with exports amounting to 129 million and 994 thousand dollars.

The first five ranks among the Turkish states that exported the most to Germany in February of this year were as follows:

Rank	State	The volume of state exports to Germany in February 2022
1	Istanbul	750 million and 779 thousand dollars
2	Bursa	210 million and 528 thousand dollars
3	Izmir	129 million and 994 thousand dollars
4	Kocaeli	86 million and 64 thousand dollars
5	Manisa	70 million and 105 thousand dollars

Edited by NecibeInternational Trade©

Reference: Ihlas Agency

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