How to Expand Export Business in Turkey? Guide on Exporting to Turkey
14 July 2020
Turkey is a large and fascinating market with plenty of export opportunities for overseas exporters. It is home to both local and large multinational businesses with a strong entrepreneurial culture. Now the biggest challenges of exporting goods to Turkey include making the right choice of a product, finding genuine importers in Turkey, identifying real competitors and evaluating market components. All these challenges can only be fulfilled from having the right market intelligence information. Let’s discuss these challenges and try to resolve them.
Product Demand in Turkey
First of all, you must analyze the import market of Turkey. As per Turkey import data, Turkish imports valued USD 200.5 billion in 2019. Turkey’s top 10 imports are Mineral Fuels & Oils (20.52%), Machinery (10.73%), Electrical & Electronics (7.47%), Iron & Steel (7.32%), Pearls & Precious Stones (6.63%), Plastics (5.8%), Vehicles (4.8%), Organic Chemicals (2.71%), Pharma (2.37%) and Optical Equipment (2.18%). These are the product categories which are maximum imported by Turkey. This will help you in making the right choice of product.
Find Real Importers in Turkey
Another major challenge for you will be how to find real importers in Turkey. You can use plenty of sources like market research companies like Export Genius, government agencies, trade events, trade promotion councils, chamber of commerce, publications and so on. You can create a list of qualified Turkish buyers for your product. After preparing a list, you have to shortlist them as per their genuineness and business requirements. At last, you can choose those import companies in Turkey who can provide you the best deals.
>> For Real Importers in Turkey, Click on Search Live Data!
Identify Your Competitors
It just not you who is planning to expand your business in Turkey and export goods to the country. There are many of your competitors who are already supplying commodities to the Turkish importers. In order to successfully run your business in Turkey, you have to identify your competitors and analyze their market strategies to win the race. For this, you have to take global export data in which you will get shipment details of companies. This will help you understand which companies are exporting goods to Turkey.
Get Complete Market Intelligence Data
Overall, you have to get complete market intelligence data in which companies, product specifications, value, quantity and other fields are covered. This will help you in having a proper analysis of Turkish import market and taking workable business decisions. What exactly our Turkey import data covers? Here is a list of complete data fields which are covered in data.
· Turkish Importer Name
· Overseas Exporter Name
· HS Code
· Product Description
· Mode of Transport
· Many More
Turkey is a trade gateway for both Asia and Europe as it borders a range of countries. It is a rapidly developing and increasingly sophisticated market. It has a growing middle class and a strong domestic consumer base. Despite challenges, Turkey is truly the best place for exporting goods, exploring great business opportunities and maximizing profits.