Despite the slowdown in global markets and the negative impact of parity, Turkey once again broke a record in exports. Turkey’s exports in 2022 increased by 12.9% compared to 2021 and reached 254.2 billion dollars.
What is the Export Rate?
It represents the ratio of foreign sales to total sales. These companies make the majority of their sales abroad.
Companies with a high export rate can bring their financials to a stronger position by providing foreign currency inflows to their coffers. However, they are the first companies to be affected by the negative situations in the global markets.
Export Rates of Companies
According to the 2022 third-quarter financials, the highest export rate was determined.
Ege Endüstri and Jantsa from the “Automotive Sub-Industry” sector, Vestel Beyaz Eşya from the “Consumer Electronics & Home Appliances” sector, Ford Otosan in the “Automotive” sector, and Anadolu Efes from the “Beverage” sector took place in the top 5 places.
| No. | Company Name | Export-Rate |
|---|---|---|
| 1. | Ege Endüstri | 95% |
| 2. | Ford Otosan | 78% |
| 3. | Jantsa | 75% |
| 4. | Vestel Beyaz Eşya | 71% |
| 5. | Anadolu Efes | 70% |
| 6. | Otokar | 63% |
| 7. | Federal Mogul | 63% |
| 8. | Ege Seramik | 62% |
| 9. | Nuh Çimento | 60% |
| 10. | Tofaş | 49% |
Turkey Renews Record in Exports
Turkey’s exports in 2022 increased by 12.9% compared to 2021 and reached 254.2 billion dollars.
Germany, the USA, Iraq, the United Kingdom, and Italy were the top 5 countries to which Turkiye exports the most.
The countries where Turkiye achieved the highest increase in exports were Russia, Iraq, USA, Germany and Romania.
While increasing exports to 162 countries, Turkiye broke an export record in 108 countries.
The number of countries to which Turkiye exports over 1 billion dollars has increased to 52. While in 16 sectors Turkiye broke export records, the exports of 23 sectors exceeded the 1 billion dollar mark.
The Chemical Industry Made the Most Exports
On a sectoral basis, companies operating within the scope of chemical substances and chemical products made the most exports in Istanbul last year. They realized total export equal to 17 billion 657 million dollars in 2022.
The chemical materials and products industry was followed by the fast-fashion clothing and apparel industry with 14 billion 718 million dollars, the steel industry with 10 billion 201 million dollars, the ferrous and non-ferrous metals with 7 billion 818 million dollars, and the electrical and electronics industries with 7 billion 668 million dollars.
Second is the Automotive Sector
Automotive exports increased by 4% on a unit basis compared to the same period of the previous year and amounted to 970 thousand 124 units.
In this period, automobile exports increased by 1% and commercial vehicle exports increased by 7% compared to the previous year. Tractor exports increased by 7% compared to 2021 and reached 18 thousand 154 units.
According to the data of the Turkish Exporters Assembly (TIM), total automotive industry exports ranked second in the sectoral export ranking with a share of 12.2% in 2022.
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