Mr. Ali Koray OZANDAC, the representative (President) of the Turkish purchasing delegation, is visiting recommended buyers at the Canton Fair, facilitated by Topease.
How is the Turkish Market Performing?
Additionally, the quotas and extra tariffs imposed by some European countries and the U.S. on Chinese products have further complicated matters."
How Do Turkish Merchants Choose Suppliers?
Turkey's Economic Environment and Consumer Trends
In recent years, Turkey has been experiencing inflation and currency devaluation, leading to a significant drop in purchasing power. Consequently, consumers are more inclined to prefer affordable products.
They mentioned that inflation in Turkey has been a longstanding issue troubling its citizens. In 2022, the inflation rate suddenly soared to 85%. Although it decreased in 2023, it reached high levels again in 2024.
Trade Between China and Turkey from January to September 2024
As early as 2022, China became Turkey's third-largest trade partner and the second-largest source of imports. From 2022 to 2024, Chinese exports to Turkey have shown an upward trend, with a total export value of approximately $28.45 billion from January to September 2024.
Source: General Administration of Customs; Chart by Topease
Top 10 Products Exported from China to Turkey (January to September 2024) Source: Topease
In addition to the customs data, the Topease E-platform can provide more services for importing and exporting enterprises.
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