Number of tourists to Turkish destinations up 128.3% this summer

#TurkEconNumbers: The number of foreign visitors to Turkey increased by 128.3% over the first seven months of 2022 on a year-on-year basis. A total 23.030.209 foreign passport holders visited Turkey over the said period. According to data released by the Turkish Ministry of Culture and Tourism, the highest number of…

Turkish pharmaceuticals industry increases exports

Turkish pharmaceuticals sector continues along a robust growth path. Having a strong domestic market of $7 billion, which currently ranks 18th in the world, Turkish pharma is now focusing more and more on exports. In 2021, the industry’s export volume increased by 3.7% percent on a year-on-year basis to reach…

$30.7 billion worth of projects by Turkish contractors in 2021

In 2021, Turkish construction companies have undertaken 413 overseas projects with a total worth of US$30.7 billion in 69 different countries. According to a new report published by the Turkish Contractors’ Association (TMB), this significant performance was in line with an overall recovery in the global market as the pandemic…

Turkey’s merchandise exports up by 32.8 pct in 2021

Turkey’s merchandise exports increased by 32.8 percent over 2021 reaching a total volume of US$225.3 billion. Over the same period merchandise imports went up by 23.6 percent to US$271.4 billion. According to data released by the Turkish Statistics Institute, Turkey’s largest export market in 2021 was Germany with a volume…

Turkey’s production of domestic appliances up by 17 pct

Turkey’s domestic appliances industry increased its production by 17 percent in 2021, despite worldwide supply chain bottlenecks and increases in the prices of raw materials. According to data provided by the Turkish Association of Domestic Appliance Industrialists (TÜRKBESD) 34.4 million of pieces of domestic appliances (under 6 main product categories)…