TURKISH MACHINERY AND ACESSORIES DIRECORTY - MANUFACTURERS AND EXPORTERS

The machinery industry in Turkey has been growing at a rate of nearly 20 percent per year since 1990. The growth of the Turkish machinery sector is backed by highly competitive and adaptable small and medium-sized businesses (SMEs), which form the bulk of the industrial production in the country.

As the drivers of growth in machinery and major contributors to the industrialization of the country, Turkish SMEs distinguish themselves from their peers in other countries by their utilization of the low-cost and highly skilled work force Turkey offers. Another indicator of the advanced level of the Turkish machinery industry is the rate of domestic input in the production stage. Around 85 percent of domestic input not only reduces the dependency on foreign sources, but also helps other local industries.

The combined advantage of the engineering capability required to compete in the international market with reasonable labor costs enable the Turkish machinery industry to offer a range of products and components that are both high-quality and affordable.

The machinery production of Turkey has also started to take up an increasing portion of the country’s exports and accounts for 8.4 percent of total exports. According to Chapter 84 of the EU Customs Code, major export destinations of Turkish machinery products are Germany, France, the UK, Italy and Iran, respectively. On the other hand, Turkey imports machinery products mostly from China, Germany, Italy, France and the USA. Although a trade deficit for machinery products still remains, the balance has begun to shift towards positive values in recent years. A downward trend has been observed as of 2008, while the trade deficit was down to USD 9 billion in 2009.

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