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Economy of Turkey

Industrial sector[edit]



This section needs to be updated. Please help update this article to reflect recent events or newly available information. (April 2019)

Consumer electronics and home appliances[edit]


Turkish brands like Beko and Vestel are among the largest producers of consumer electronics and home appliances in Europe.
Turkey's Vestel is the largest TV producer in Europe, accounting for a quarter of all TV sets manufactured and sold on the continent in 2006.[97] By January 2005, Vestel and its rival Turkish electronics and white goods brand Beko accounted for more than half of all TV sets manufactured in Europe.[98] Another Turkish electronics brand, Profilo Telra, was Europe's third-largest TV producer in 2005.[99] EU market share of Turkish companies in consumer electronics has increased significantly following the Customs Union agreement signed between the EU and Turkey: in color TVs from 5% in 1995 to more than 50% in 2005, in digital devices from 3% to 15%, and in white goods from 3% to 18%.
Textiles and clothing[edit]
Turkish companies made clothing exports worth $13.98 billion in 2006; more than $10.67 billion of which (76.33%) were exported to EU member states.[100]
VakkoBeymen, Yargıcı, Mavi Jeans, Ipekyol, Les Benjamins, Colin's, Nocturne, LC WaikikiDerimodDESA and Koton are some of the biggest fashion brands in Turkey.
Motor vehicles and automotive products[edit]
Main article: Automotive industry in Turkey


1966 Anadol A1 (left) and 1973 Anadol STC-16 (right) at the Rahmi M. Koç Museum in Istanbul. Devrim (1961) was the first Turkish car.
The automotive industry in Turkey, which plays an important role in the manufacturing sector of the Turkish economy, produced 1,276,140 motor vehicles in 2021, ranking as the 13th largest producer in the world (production peaked at 1,695,731 motor vehicles in 2017, when Turkey also ranked 13th).[101] Turkish automotive companies like TEMSAOtokar and BMC are among the world's largest van, bus and truck manufacturers. Togg, or Turkey's Automobile Joint Venture Group Inc. is the first all-electric vehicle company of Turkey.


Togg T10X SUV[102] and Togg T10S sedan produced by Togg,[103] a Turkish automotive company which manufactures EVs.[104][105][102]
The automotive industry is an important part of the economy since the late 1960s. The companies that operate in the sector are mainly located in the Marmara Region. With a cluster of car-makers and parts suppliers, the Turkish automotive sector has become an integral part of the global network of production bases, exporting over $22.94 billion worth of motor vehicles and components in 2008.[106][107]
Global car manufacturers with production plants include Fiat/TofaşOyak-RenaultHyundaiToyotaHonda and Ford/Otosan. Turkish automotive companies like TEMSAOtokar and BMC are among the world's largest van, bus and truck manufacturers. Togg is a new Turkish automotive company established in 2018 for producing EVs.[104][108] Togg's factory in GemlikBursa Province, was inaugurated on 29 October 2022, the 99th anniversary of the Turkish Republic.[105]

Turkish automotive companies like TEMSAOtokar and BMC are among the world's largest van, bus and truck manufacturers.
Turkey's annual auto exports, including trucks and buses, surpassed 1 million units for the first time in 2016 as foreign automakers' investment in new models and a recovery in its mainstay European market lifted shipments. According to industry group the Automotive Manufacturers Association, or OSD, Turkey exported 1.14 million units in 2016, up 15% from the year before. Auto exports hit a record high for the fourth straight year. Production grew 9% year on year in 2016 to 1.48 million units, setting a new record for the second consecutive year. Nearly 80% of vehicles produced in Turkey were exported.[109]

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