Turkey’s machinery export growth is making waves in the global sourcing arena. Learn about Turkey’s unique advantages as a sourcing destination, from its strategic location to its strong infrastructure and favourable trade agreements. Discover why Turkey is a rising star for sourcing.
Turkish Machinery exports passed a new milestone in trade, exceeding $10 Billion in the first 5 Months of 2022. The growth has made them a destination country for global sourcing and procurement. As Sourcing teams look to diversify their supply chain, near shore some elements and mitigate risks (Environmental and Geo-Political)
Turkish Export Growth
Growth in Turkish exports has come from over 200 countries who increasingly recognise what Turkey can bring to the table as a sourcing destination.
Turkey background
The Republic of turkey is a country of 80m people, a transcontinental state spanning Asia and Europe. Turkey has land borders with eight countries. From Bulgaria and Greece to Iran and Syria. Putting Turkey at the crossroads of Asia and Europe.
Turkey Industrial Machinery Exports
Industrial Machinery is the second largest export market for Turkey.
The average growth delivered by this sector has been over 15%. Exporting to over 200 countries with over half going to the EU or USA. The biggest product category strengths are:
- Air conditioning and Cooing equipment
- Engines
- Washing and drying machines
- Construction machines
- Pumps and Compressors
ET2C International
We are a leading Global Sourcing company with over twenty years’ experience working with our clients. Our team of 250 colleagues are based in seven offices in key sourcing markets across Asia Including our new offices in Izmir (Turkey’s third largest city)
We work with our clients to make their global sourcing simple, becoming their bridge to their supply partners. Where time zones, language, business communication expectations or QC can become challenging.
Our team of experts can help you build and deliver your sourcing strategy and ensure you are working with the right factory partners. Giving you independent feet on the ground and confidence with fast responses, removing time zone and language challenges. If you would like to explore sourcing opportunities within Turkey or to discuss your future supply chain challenges. Please contact@et2cint.com
Reasons for Sourcing from Turkey
Turkey in addition to a highly skilled workforce and long history of exporting Machinery and Components can point to a range of additional strong positive factors for choosing Turkey as your sourcing destination.
- Strategic location: Turkey occupies a strategic location between Europe and Asia. This makes it an ideal hub for businesses that want to export their products to both markets.
- Good infrastructure: Turkey has a good infrastructure, including roads, airports, and ports. This makes it easy to transport goods in and out of the country.
- Favourable trade agreements: Turkey has free trade agreements with over 20 countries, including the European Union. This means that businesses that source products from Turkey can avoid paying import duties in many markets.
Why should I get a sourcing agent?
- Language barrier: Turkey is a majority-Turkish speaking country, and if you do not speak Turkish, it can be difficult to communicate with suppliers. A sourcing agent can help you communicate with suppliers in Turkish and ensure that you are getting the best possible deal.
- Cultural differences: Turkey has a different culture than many Western countries, and it can be difficult to understand the nuances of Turkish culture without the help of a local. A sourcing agent can help you navigate Turkish culture and avoid making any cultural faux pas.
- Lack of experience: If you are new to sourcing products from Turkey, it can be helpful to have the assistance of a sourcing agent who has experience in the Turkish market. A sourcing agent can help you find reliable suppliers, negotiate prices, and ensure that your products are of high quality.
- Time constraints: If you are short on time, a sourcing agent can help you source products from Turkey quickly and efficiently. A sourcing agent can handle all the legwork involved in sourcing products, so you can focus on other aspects of your business.
- Risk mitigation: Sourcing products from a foreign country can be risky, especially if you do not have a lot of experience. A sourcing agent can help you mitigate the risks involved in sourcing products from Turkey, such as choosing unreliable suppliers or getting scammed.
Summary
Turkey is a sourcing destination that you should consider for your sourcing and procurement strategy. Export of machinery and industrial components continues to grow rapidly as more companies recognise the value that turkey can offer.
