About Türkiye

No one can deny the increasing importance of Türkiye in the world at present, with its strategic location, NATO membership and leading global airline. Turkish construction companies rank among the foremost in the world (grossing $283 billion since 1972) while Türkiye ‘s stop export is vehicles, including cars – Toyota, Honda, Opel, Hyundai, and Mercedes-Benz – these exports mainly going to France, Italy, Germany, the United Kingdom, and Spain.

In addition, Turkish machine engineering companies today are highly rated, the founders of such companies often having learned their trade in Germany, with which Turkiye has had a long-standing relationship. The machinery sector is one of the key growth factors of Türkiye’s economy and the driving force of industrialization. Utilizing policies toward industrialization, Türkiye’s became the sixth largest machine manufacturer in Europe, ranked 27th in the global machinery trade in 2020. In recent years, the growth rates of the Turkish machinery industry are much higher than the growth rates of Türkiye’s overall economy. With its rapid development and the Turkish machinery industry is increasing its share in the Turkish exports and it is the second largest sector in Türkiye’s total export. Moreover, approximately 60% of Turkish machinery export is directed to the EU and the USA.

The growth of the sector in both production and exports can be attributed to the following:  

 

  • Well-developed engineering skills and quick adaptation to new technologies  
  • Focus on R&D (expenditure on R&D has increased 8 times over past 10 years) and digitalization 
  • Good facilities (like industrial zones) and good infrastructure 
  • Advanced supporting industry  
  • Rapid adaptation to international manufacturing standards  
  • Quality awareness  
  • Specialized, highly educated and skilled middle and senior management 
  • Young workforce  
  • Domestic supply of raw materials  
  • Geographical proximity to some of the highest growth markets in machinery 
The Turkish machinery industry serves a wide range of sectors such as: Construction and mining:

 

  • Agricultural and forestry  
  • Food processing  
  • Plastic and rubber processing  
  • Pumps and compressors 
  • Reactors and boilers 
  • Turbines, turbojet, turboprop, hydraulic cylinders and components 
  • Air conditioning machinery 
  • Rolling and casting 
  • paper production and printing 
  • Textile and apparel machinery 
  • Leather processing  

In total there are approximately 20,000 producers of machinery accounting for 10% of exports from Türkiye (approximately $25 billion in value). Over the last 20 years, machinery exports have increased 15 times and the sector has exported to more than 200 countries. Machinery products rank first in exports to Germany, the USA and Russian Federation.
Iron-Shore represents such machine engineering companies, to make sales in Western Europe, the Americas, the Middle East, and Africa.