Turkey and the EU have developed a strong economic relationship even if Turkey is not yet an EU member, but it signed a Customs Union agreement with the European Union in order to encourage trade and economic relationships. In recent years, the EU has ranked 1st at the top of Turkey’s imports and exports, while Turkey is the 7th in the EU top imports and 5th for exports. Turkey exported in EU many categories of goods, such as equipment for transport, textiles, agricultural products, cars, etc. and imported chemical products, machinery, and transport materials. The Customs Union agreement has encouraged the trade between the two entities because it stipulates free circulation of goods. The products having an ATR certificate and being delivered to Turkey have preferential treatment. The Customs Union refers to industrial goods and not agricultural products, except the processed agricultural ones, services
The most imported and exported products in Turkey Turkey is a world leader when it comes to imports and exports, the trading industry being one of the largest in this country.
The most exported goods from Turkey are:
– cars, spare parts and automotive equipment considering a large number of foreign car manufacturers operating in the country;
– jewelry and precious stones, as Turkey is one of the most important gold producers in Europe and Asia;
– metals, among which scrap iron is the most representative in terms of exports to Europe;
– agricultural products
– most of the locally-produced fruit and vegetables are exported to Europe;
– textile products and fabrics are also exported to the European Union but also to Asian countries.