Turkey
On this page you will find beneficial information regarding foreign direct investment in / trading with Turkey. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Republican Parliamentary Democracy
Population: 85.34 million (2022)
GDP: 905.34 billion USD (2022)
Corporate Tax Rate: 20%
Personal Income Tax Rate: 15% - 40%
Major Exports: Refined Petroleum ($12.3B), Cars ($9.67B), Jewellery ($8.12B), Motor vehicles; parts and accessories (8701 to 8705) ($6.78B), and Delivery Trucks ($5.88B), exporting mostly to Germany ($21.9B), United States ($17.1B), Iraq ($13.7B), United Kingdom ($13.7B), and Italy ($12.6B).
Major Imports: Gold ($19B), Refined Petroleum ($17B), Scrap Iron ($8.77B), Cars ($8.75B), and Petroleum Gas ($8.48B), importing mostly from China ($38.5B), Germany ($27.6B), Russia ($25.3B), United States ($14.6B), and Italy ($14.1B).
Investment Agency: The Investment Office of the Presidency of the Republic of Türkiye
Website: https://www.invest.gov.tr/
National Chamber of Commerce: Union of Chambers and Commodity Exchanges of Turkey
Website: https://tobb.org.tr/Sayfalar/Eng/AmaciveYapisi.php
Customs Agency: Turkish Customs and Trade Ministry
Website: https://www.trade.gov.tr/customs-formalities
