Overview of the Construction and Mining Industry in Turkey and How to Buy Equipment.
Turkey
Turkey, officially the Republic of Turkey, is a country straddling Western Asia and Southeast Europe. It borders Bulgaria to the northwest, Greece to the west, Armenia, Azerbaijan and Iran to the east, Georgia to the northeast, Syria to the south, and Iraq to the southeast.
- Turkey has a population of 82 million.
- Capital: Ankara.
- Official Language: Turkish
- Total Area: 783,562 km²
- Currency: Turkish lira (₺)
Economic Statistics of Turkey
AIn 2019, Turkey had a Gross Domestic Product (GDP) of 761.4 billion USD and is projected to trend around 810.00 USD Billion in 2022 and 890.00 USD Billion in 2023.
Economic Sector Divide
Here are the shares of the economic sectors in the GDP:
- Agriculture: 6.43%
- Industry: 27.71%
- Services: 55.91%
Trade Statistics
The major trading partners of the country are
Major Import Partners
- China: 9%
- United States: 5%
- Germany: 11%
- Russia: 9%
- Italy: 5%
Main Export Partners
- United States: 5%
- United Kingdom: 6.7%
- Germany: 9.8%
- Italy: 5.9%
- Iraq: 5%
Industries of Turkey
Mining Industry of Turkey
Turkey is one of the best regions for mining reserves however, it still has 40% of the mining areas still left unexplored meaning, that the opportunities in this industry are wide.
It is the biggest gold producer in Europe, along with having a variety of minerals present like silver, natural stones, marble coal, etc.
The government is focusing on developing the Mining Industry in the country by encouraging private investments and contributions to fully unravel the potential. There are several plans introduced by the government to attract investment, for example, a very successful drilling program with radiometric and magnetic data to explore difficult regions.
The mining industry in Turkey has a 1% share in its GDP and is projected to trend around 2% in 2022 and 2.30% in 2023.
With a rapidly growing mining industry, the equipment market is highly profitable. Camamach brings you the best mining and mineral processing equipment at low rates to benefit from these opportunities.
Construction Industry of Turkey
The construction industry plays a major role in the economy of Turkey. To improve the energy efficiency of buildings it has been suggested that green buildings should be constructed as they are environmentally responsible and resource-efficient which is beneficial for the economy.
The Construction Industry in Turkey has a 5.7% share in its GDP and is projected to rise to US 230 billion USD in 2024.
The government in Turkey is prioritizing on improving the construction industry by developing transport, residential and energy infrastructure. It is further forming a development plan and raising investment.
Several projects have aimed to construct speed railway lines and pipelines and improve the infrastructure all across the country.
To get take advantage of the development projects, Camamach has the highest quality construction equipment for you.
Seaports and Trading Hubs of Turkey
Turkey is accessible through both land and sea. Its main seaports are:
- Mersin International Port
- Haydarpasa Port
- Ambarlı Port.
- Izmir Port
For imports, Camamach uses the Haydarpasa Port for imports.
What heavy machinery or equipment does Turkey Import?
Turkey has a flourishing market for both mining and construction industries. Some of the imported equipment includes Self Loading Concrete Mixers, Heavy Duty Trucks, Backhoe Loaders, Concrete Batching Plants, etc.
What regulations are there on importing equipment to Turkey?
To import equipment into Turkey, it is only required to provide your tax number for all restricted items, which include hazardous materials. Other products can be imported with the help of authorized establishments.
Documentation
The import documentation for shipments include:
- Import Documentation.
- Conformity Compliance
- Commercial Invoice
- Certificate of Origin.
- Bill of Lading/Airway Bill
- Proforma Invoices.
- Health Certification.
- Content Analysis of the Commodity
For further comprehensive details on the import regulations in Turkey, you can visit this website.
Why should Turkey import equipment?
- Availability: In comparison to the domestic market, overseas providers often have no shortages.
- High Equipment Cost: Domestic manufacturers are generally more expensive than overseas competitors.
- Equipment Quality: Before making a delivery, foreign suppliers assess each component and provide benefits that customers prefer in the long term.
- Infrastructural Development: A lot of infrastructure projects are part of Turkey’s development plan. It is important for companies to import high-quality equipment at competitive rates.
Where Can I Buy Equipment for Turkey ?
Camamach has been exporting equipment to Turkey for years. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.
