INDUSTRY SPOTLIGHT

 

Turkey is the 18th largest economy in the world and the 6th biggest economy in Europe, according to GDP figures (at PPP) in 2015.

GDP, which was USD 231 billion in 2001, more than tripled and reached USD 8861 billion by 2015. GDP per capita in Turkey which was USD 3.500 in 2002 soared to USD 11.014 in 2015.

 

Total Export and Import of Turkey

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Export, which was USD 86 billion in 2006, rose to USD 143 billion by at the end of 2016.

Rising Sector of Turkey: MACHINERY

Production in the Turkish machinery sector more than doubled in 10 years.

With its rapid development and the potential it has, the Turkish Machinery Sector is a sector increasing its share in the Turkish economy and exports. The share of Turkish machinery export is 9,5% in Turkey’s total export.

Machinery is the second largest sector in Turkey’s export.

Turkey exports to more than 200 countries (including free zones).

In 2015, Turkey ranks 27th in world’s machinery export, 24th in world’s machinery import.

Although world’s machinery export decreased 22% in 2009, 11% in 2015, 6% in 2016, Turkey’s machinery export increased 31% in the last 5 years.

Over the last 15 years, machinery export has increased more than 7 fold.

About % 60 of our export is to EU and USA.

By the year 2023, Turkish machinery aims to double their share in Turkey’s total export.

 

 

Machinery Foreign Trade of Turkey (Billion $)

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Source: TurkStat-Turkish Statistical Institute

Over the last 10 years;

Turkey’s machinery export, which was USD 6,5 billion in 2006, has reached USD 12,4 billion in 2016, through an average annual growth of 16 percent, which is above the annual growth rate of Turkey’s overall exports in the same period (8%)

Machinery import reached USD 27,3 billion in 2016.

In 2016, while the share of machinery sector in total export of Turkey has been 9,5%, the share of import has increased to 13,7%.

 

Advantages Of Turkish Machinery Industry’s

Developed engineering skills and quick adaptation to new technologies

Quality awareness

Specialized,highly educated and skilled middle and senior managers

Young workforce

Sufficient facilities (like industrial zones) and sufficient infrastructure

Advanced sub -industry

Rapid adaptation to international manufacturing standarts

Domestic supply of raw materials

Flexible structure of SMEs (Most of the active companies in the Machine Manufacturing Industry in Turkey are SMEs)

High level organization of the sector

 

 

Main Product Groups in Machinery Export of Turkey (2016) (Million $)

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Source: TurkStat-Turkish Statistical Institute

 

Main Countries in Machinery Export of Turkey (2016)

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Source: TurkStat-Turkish Statistical Institute

In Turkey’s machinery export, Germany, England, USA, Italy and France are among top 5 countries in 2016.

 

ECONOMIC, INDUSTRIAL & MACHINERY INDUSTRY GROWTH OF TURKEY (%)

 

2008

2009

2010

2011

2012

2013

2014

2015

2016

ECONOMIC GROWTH %

0,7

-4,8

9,2

8,5

2,2

4,1

2,9

 4,0

2,4

INDUSTRIAL GROWTH %

-0,5

-9,9

13,1

8,9

2,5

3

3,6

3,1

1,5

MACHINERY INDUSTRY GROWTH   %

-4,2

-22,9

32,6

22,2

1,0

7,3

2,7

-1,7

0,8

Source: TurkStat-Turkish Statistical Institute

In recent years, Turkish machinery industry growth rates are much higher than growth rates of Turkey’s overall economy and industry

Turkish machinery sector attaches great importance to R&D activities!

In Turkey, the ratio of R&D expenditure to GNP keeps increasing.

Over the last ten years, the share of R&D expenditure in GNP has doubled and reached to % 1,01 in 2014.

For R&D Incentives Visit:

  1.  Ministery of Science, Industry and Technology
  2.  The Scientific  and Technological Research Council of Turkey
  3.  Invest in Turkey, investors’ guide

TURKEY IS THE 22nd GLOBAL FDI RECIPIENT

 

2011

2012

2013

2014

2015

FDI Total (net) million USD

16.182 13.284 12.384 12.523 16.597

Machinery, million USD

76

32

5

4

34

Machinery/Total FDI,%

0,5

0,2

0,04

0,03

0,2

 

Foreign direct investment (FDI) into Turkey was $12,5 billion in 2014, making the country the 22nd most popular spot for investors in the world.

The machinery industry has attracted more than USD 150 million FDI over the past five years.

The joint power of the Turkish Machinery Industry

Turkish Mechanical Industry Platform has been founded in order to develope the Machinery and Accessories Sector by its sub-sectors with the leadership of Machinery  Exporters’ Association. 35 Sectoral Association and Sectoral Organization are members of the Platform.

 

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                                 www.turkmakinesanayi.com  

 

To represent Turkish machinery sector worldwide, Turkish Mechanical Industry Platform turned into a Federation in 2014 (MAKFED). 16 sub-sectoral associations which represent machinery manufacturers are members of MAKFED. 

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                                       www.makfed.org 

 

TURKEY’S MACHINERY AND ACCESSORIES EXPORT BY SUB-SECTORS

PRODUCTS

2015 (Million $)

2016 (Million $)

Change   %

ENGINES, ACCESSORIES AND SPARE PARTS

1.784 2.003

12,3

CONDITIONERS AND COOLING MACHINES

1.901 1.930

1,5

WASHING AND DRYING MACHINES

1.317 1.373

4,2

OTHER MACHINES, ACCESSORIES AND PARTS

1.115 1.073

-3,8

CONSTRUCTION AND MINING MACHINES

942

844

-10,4

PUMPS AND COMPRESSORS

697

681

-2,3

MACHINE TOOLS

674

649

-3,7

WEAPONS AND AMMUNITION FOR THE DEFENCE INDUSTRY

656

616

-6,1

AGRICULTURE AND FORESTRY MACHINES

653

606

-7,1

TEXTILE AND CLOTHING MACHINES AND ACCESSORIES

424

512

20,9

REACTORS AND BOILERS

444

446

0,3

VALVES

484

437

-9,7

TURBINES, TURBOJETS, TURBO PROPELLERS

336

422

25,8

FOOD INDUSTRY MACHINES, ACCESSORIES AND SPARE PARTS

454

410

-9,5

ROLLER AND FOUNDRY MACHINES, MOULDS

279

286

2,7

HEATERS AND COOKERS

276

271

-1,8

LOAD LIFTING, CARRYING AND STOWING MACHINES

248

229

-7,9

OFFICE MACHINES

167

145

-13,3

GUM, PLASTIC, RUBBER PROCCESSING MACHINES

131

145

10,7

PACKAGING MACHINES, ACCESSORIES AND SPARE PARTS

139

143

2,9

BEARINGS

127

123

-3,1

PAPER MANUFACTURING AND TYPOGRAPHY MACHINES

81

70

-13,3

LEATHER PROCESSING AND MANUFACTURING MACHINES AND ACCESSORIES

10

12

25,4

TOTAL

13.338 13.426

0,7

Source : All Exporter Associations Database

 

 

TURKEY’S MACHINERY AND ACCESSORIES EXPORT BY COUNTRIES

COUNTRY

2015   (Million $)

2016   (Million $)

Change   %

GERMANY

2.086 2.150

3,1

USA

936

955

2,0

UK

783

773

-1,3

ITALY

556

623

12,0

FRANCE

531

524

-1,3

IRAN

432

464

7,4

ROMANIA

349

442

26,8

SPAIN

362

398

9,8

ALGERIA

343

355

3,7

IRAQ

428

284

-33,7

POLAND

252

254

0,6

 

338

234

-30,6

EGYPT

232

206

-11,1

AZERBAIJAN

244

206

-15,7

BELGIUM

184

199

8,0

UAE

243

196

-19,4

RUSSIA

334

193

-42,2

ISRAEL

146

179

22,8

NETHERLAND

167

174

4,4

MOROCCO

138

166

20,5

OTHER

4.256 4.453 

4,6

TOTAL

13.338 13.426

0,7

Source : All Exporter Associations Database