Turkey is a major importer of agricultural commodities in the whole world. Turkey has been divided into 7 regions; West, North-Central, North-East, South-Central, Mediterranean, Marmara, and Aegean region. The resources under Agriculture in Turkey include Wine, Wheat, Corn, Sunflower seeds, Buckwheat, and many more. Below are the figures for total import and export of agriculture in the Turkish market along with usage of resources in the Turkish market.
Turkey’s imports of agri-commodities
Turkey’s imports of agri-commodities increased to USD16.1 billion in 2018 from USD14.4 billion in 2017, driven by rising consumption on the back of the growing population and a surge in domestic food prices. Meanwhile, its exports were expected to remain flat at USD5.0 billion over the same period.
Turkey is an important importer of wheat and maize and ranked as the world’s fourth-largest importer of wheat and the second-largest importer of maize in 2017.
Despite the COVID-19 pandemic and its impact on the world economy, Turkey’s agri-commodity market registered steady growth in the year 2021. The country is one of the most promising markets for agri-commodities in Europe thanks to its strategic location that allows it to serve as a bridge between European and Asian markets.
The COVID-19 pandemic has drastically affected import/export activities across many countries worldwide since March 2020, but Turkey’s agri-commodity trade activities were not much impacted due to strong demand from Eastern Europe. This report provides an overview of Turkey’s agri-commodity market: production, consumption, and export of key commodities (grains, sugar, edible).
Agri-commodities export from India to Turkey
India is a leading exporter of agri-commodities to the world. It has exported Agri commodities worth US$ 39,902.47 million during April-September 2020 as per data compiled by the Agricultural and Processed Food Products Export Development Authority (APEDA). Turkey is one of the major importers of agri-commodities from India. Agri-commodities export from India to Turkey stood at US$ 1,007 million in FY 2019-20 as per data compiled by APEDA.
How Tradologie.com simplifying trading of Agri-commodities?
Tradologie.com has brought together buyers and sellers from across India and globally on a common platform to trade agri-products including wheat, rice, soybean, coriander, turmeric, and more. The company aims to create an ecosystem where sellers can sell their produce directly to buyers at a fair price.
The digital trade platform facilitates buyers to negotiate prices with multiple sellers through a live reverse bidding mechanism.
We believe in providing equal opportunity to all buyers and sellers regardless of their geographical location and business size. We also encourage small-scale manufacturers and exporters to use our platform to reach out to a global audience, find buyers and explore new business opportunities.
