Turkey has become Europe’s largest exporter of household appliances in 2021, with an export increase of 18% compared to the previous year. Industry and Technology Minister Mustafa Varank said in January that the country exported 26 million products last year.
Last year, Turkish exports hit a record high of $225.4 billion, with an annual increase of 32.9%. The Turkish industry can also show good growth figures in the long term. The number of exporting companies increased from 33,523 in the year 2002 to 101,386 at the end in 2021.
Turkey has taken measures for a multitude of segments of society to keep the Turkish economy going. Production was maintained as uninterrupted as possible to protect employment and to absorb fluctuations in supply chains, despite the (pandemic) tremors on a global scale.
In order to also stimulate domestic consumption and thus production, the Turkish government has implemented temporary tax cuts in the past. Special temporary consumption taxes on air conditioners, refrigerators, washing machines, dishwashers, vacuum cleaners, some small household appliances and furniture were reduced from 6.7 percent to 0 according to a cabinet decision published in the Turkish Official Gazette at the time in February 2017.
Interested in facts & figures untapped potential Turkey or the Netherlands?
Would you like to receive more insights about any untapped potential (export values in million euros, selection of market players) between the Netherlands and Turkey with regard to clothing, processed food and machines? Order the “Snapshots Unexploited Market Opportunities Report” from the Chamber of Commerce Netherlands-Turkey foundation with a mini-donation of €150 (use the donation button at the bottom of the homepage).
Interested in tailor-made market research of other sectors in Turkey or the Netherlands? Contact.