In honor of turkey day, here are some fun facts about imports and exports in Turkey (the country, and not the bird, in case you were wondering!)
MTS Group excels at shipping and logistics in Turkey, with five branch offices in Istanbul, Mersin, Izmir, Bursa, and Ankara.
On the import side, steel and aluminum were hit with a change in tariffs and the duty imposed: 25% for steel and 10% for aluminum. The depreciation of the Turkish Lira should have normally lead to an increase in imports, but since the raw materials for end products are imported from elsewhere, the final commercial invoices that are usually traded in U.S. dollars did not change much.
On the Turkey to U.S. trade lane, close to 190,000 TEUs were moved until today, as shown in the below chart.
The major steamship lines that cover Turkey to U.S. trade are as follows:
The main commodities exported to the U.S. are rugs and carpets, marble and tile, cement, textiles, apparel, and foodstuff. On the export side:
The major steamship lines that cover Turkey to U.S. trade are as follows – notice that Turkon is not in the top 5:
The main commodities exported from the U.S. are cotton, chemicals, kraftliner, poultry, and walnuts.
If you import or export from, or to, Turkey give us a call and find out how we can help you add value to your traffic.
Happy Thanksgiving from MTS Logistics!
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