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Export Foreign Trade July 25, 2023

Food Fairs Held in Turkey

Customer and consumer behaviors are constantly changing and becoming even more diverse. As a result, the promotion of a product or service has become increasingly crucial. Industry fairs still maintain their significance as they serve as opportunities for sectoral gatherings and product and company introductions.

In today’s world, physical fairs still maintain their importance as they provide an opportunity to closely examine companies and products from various locations around the globe. In this era of intensified competition and increased reliance on online platforms, food fairs are gaining significance to enhance visibility in the industry. Therefore, we compiled the food fairs held in Turkey in 2023-2024, for you.

Participating in Food & Beverages Events in Turkey has Several Benefits

1. Establishing Face-to-Face Communication with Target Audience and Potential Buyers
2. Rapid Focus on the Target Audience
3. Increasing Brand Awareness and Demonstrating Industry Strength
4. Showcasing New and Existing Products to the Target Audience:
5. Exploring New Markets and Business Connections
6. Outshining Competitors in the Market: By participating in fairs, you can gain a competitive edge over rivals.
7. Better Understanding Competitors and Potential Customer Base
8. Conducting High-Volume Sales with Exclusive Fair Promotions
9. Sharing International Trade Experiences for Sectoral Knowledge Exchange: Fairs provide an opportunity to share experiences in international trade and exchange sector-specific knowledge with others in the industry.

Important Food Fairs Held in Turkey 2023-2024

The important international food fairs held in Turkey are as follows:

World Food Istanbul (Istanbul)
CNR Food (Istanbul)
International Food and Beverage Specialty Fair (Antalya)
Halal Expo (Istanbul)
Export Gateway to Africa (Istanbul)
Euroasia Interfresh Fair (Antalya)
F Istanbul Food and Beverage Fair (Istanbul)

World Food Istanbul

coimex-team-at-the-world-food-expo — Coimex Team is at the World Food Istanbul Fair

World Food Istanbul is a massive food fair hld in Turkey that brings together global food companies from all around the world in Istanbul. This year, it will take place at TÜYAP Congress Center from September 6th to 9th, 2023. WorldFood hosts over 1,500 local and foreign exhibitors showcasing their products in 70 different product categories and thousands of brands. In addition to attracting nearly 50,000 visitors, the fair is also preparing to host more than 800 VIP buyers from over 70 countries.

CNR Food Fair (Istanbul)

Following, CNR Food is one of the significant fairs that bring together the global food industry in Istanbul. It will be held from September 7th to 10th at Istanbul Yenikapı-Avrasya Show & Art Center. The fair’s participant profile includes various sectors such as meat and meat products, fruits-dried fruits, and vegetables, dairy and dairy products, confectionery, biscuits, and bakery products, organic products, gourmet products, cereals and legume products, basic food products, food additives, and snacks.

ANFAS International Food and Beverage Specialty Fair (Antalya)

Thirdly, the 30th International Food and Beverage Specialization Fair will take place from February 6th to 9th, 2024, at the ANFAS International Fair and Congress Center in Antalya. This food fair held in Turkey holds significant importance as one of Turkey’s major HORECA (Hotel/Restaurant/Café) fairs. The participant profile of the fair includes various sectors such as legumes, cereals, spices, solid and liquid oils, meat and meat products, dairy and dairy products, bakery products, additives, chocolate, confectionery, ice cream, wholesale food distribution, seafood, and beverages.

Halal Expo (Istanbul)

food-fairs-held-in-turkey halal-expo-2021-coimex-team — Coimex Corporate Communication and Content Manager, Figen Karaaslan

Subsequently, anohter important boutique fair that brings together halal companies and products in Istanbul. It will be held from November 23rd to 26th, 2023, at the Yeşilköy Istanbul Fair Center. Halal Expo will host more than 500 purchasing professionals from target markets worldwide, including Turkey, the Middle East, Central and Western Europe, the Balkans, and Africa, as part of the procurement delegation program. Additionally, new distributors will be present at the fair. There will be opportunities to establish halal business networks and sectoral conferences during the event.

Export Gateway to Africa (Istanbul)

Following, the Export Gateway to Africa Fair which will take place on November 21st to 23rd, 2023, is fifth. It will be at Istanbul Yenikapı-Avrasya Exhibition and Art Center. The fair aims to create new markets beyond the contracting European market, establish an extensive trade-export network with Africa for Turkey’s leading sectors, and increase the trade volume between Turkey and African countries.

Interfresh Euroasia Food Fair (Antalya)

The Interfresh Euroasia Fair, held in Antalya, will take place between September 28th and 30th, 2023. It brings together the sectors of vegetables, fruits, packaging, logistics, storage, and agricultural technologies under the Interfresh Eurasia Fair. The fair aims to create commercial and sustainable business traffic by bringing together participants, visitors, associations, sector unions, public institutions, and organizations.

F Istanbul Food and Beverage Fair (Istanbul)

f-istanbul-food-beverage-coimex-team — Coimex Co-founder, Deputy CEO, Onur Kutlu Gago

Last but not least, the F Istanbul Food and Beverage Fair took place at the Istanbul Expo Center from July 12th to July 14th. This year’s fair was the second edition, following its inaugural event in 2022. The main objective of the fair is to shape according to the industry’s needs, reach alternative exporters and products that will boost the country’s exports to global markets, connect participants with new customers, and offer them new market opportunities.

Did you know that for Coimex Growth Package members who set up a booth at the fair, we organize live B2B meetings on-site during the fair?

If you would like to have face-to-face meetings with other Coimex members at the fair where you also have a booth, you can reach us at the WhatsApp number +90 532 447 92 99

Explore the Growth Package

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Export May 15, 2023

Earthquake’s Impact in Turkey – Food & Agriculture

On February 6th, we experienced a highly destructive earthquake with its epicenter in Kahramanmaraş. The earthquake caused significant devastation in Kahramanmaraş, Hatay, Kilis, Diyarbakır, Adana, Osmaniye, Gaziantep, Adıyaman, Şanlıurfa, and Malatya. According to official figures, the earthquake resulted in a loss of more than 50,000 lives and many buildings either collapsed or suffered severe damage. Naturally, agriculture and food were also affected. In this article, we discuss the Earthquake’s Impact in Turkey on agriculture, food, and livestock.

earthquakes-impact-in-turkey-map — “After the two major earthquakes with magnitudes of 7.7 and 7.6 in Kahramanmaraş central district, the food, agriculture, and livestock sectors, like many other industries, suffered damages.”

Agricultural lands and production facilities in the region suffered significant losses due to the earthquake’s impact. Debrises swalloweed the agricultural equipment burieng it under earth, and the region experienced a loss of workforce due to fatalities and mandatory migrations following the earthquake. The earthquake also had adverse effects on the environment and underground water sources.

The Extent of the Damage

According to the report prepared by the Presidency Strategy and Budget Directorate, the damages and losses in agriculture caused by the earthquake’s impact in Turkey have reached 24.2 billion Turkish liras, based on the initial assessments.

depremin-tarim-gida-sektorunde-yaratigi-zarar-tablosu — Source: Anadolu Ajansı

The Food and Agriculture Organization of the United Nations (FAO) evaluated the effects of the earthquakes centered in Kahramanmaraş in February on agricultural production in Turkey.

In a statement by the United Nations, it was mentioned that “Initial assessments indicate significant impacts on agriculture with preliminary estimates of $5.1 billion in losses and $1.3 billion in damages in the sector.”

In a written statement by the FAO, it was stated that “Devastating earthquakes hit the south of Turkey and the north of Syria on February 6, 2023. Initial assessments of the earthquakes’ impact in Turkey show serious damages in the affected regions in terms of agricultural infrastructure, livestock, crops, fisheries, and aquaculture.”

The statement further mentioned, “The earthquake severely affected 15.7 million people in Turkey and 11 agricultural cities that account for over 20% of the country’s food production. The region affected by the earthquake, known as Turkey’s ‘fertile crescent,’ constitutes 15% of the agricultural gross domestic product (GDP) and contributes to 20% of Turkey’s agricultural food exports.”

Earthquake’s Impact in Turkey on Livestock

In addition to agriculture, it is stated that the earthquake has also affected Turkey’s important livestock regions, leading to the death and serious injury of animals. The shortage of shelters and feed, interrupted vaccine production, risks of foot-and-mouth disease, and concerns about deteriorating livestock conditions after the earthquake have been raised.

earthquakes-impact-livestock — Approximately 50,000 small and large livestock perished.

Hamit Kurt, the Chairman of the Agriculture Orkam-Sen Inspection Board, prepared a report on Agriculture and Livestock in the earthquake-stricken region.

“In Turkey approximately 50,000 small and large livestock, around 3,000 beehives, and nearly 5,000 domestic animals (cats, dogs, birds, etc.) were observed to be perished in the region. Thousands of animals were injured due to the earthquake’s impact, and many animals had to be sold at prices below their value due to impossibility and compulsion by their owners.”

Earthquake’s Impact in Turkey To Reduce Fish Production by 7 Million Tons

The fishing industry in Kahramanmaraş, which holds an important position in trout farming in Turkey, has also been negatively affected by the earthquake, just like other sectors. Due to the significant damage to numerous facilities and mass fish deaths, a 40% decrease is expected in trout production, which is carried out in Kahramanmaraş and exported to 54 countries. Despite not having a coastline, the fish raised in the reservoirs of Kahramanmaraş are exported to 15 countries.

Trout raised in facilities established on reservoirs in Kahramanmaraş are exported to 15 countries, including Poland, Romania, Germany, Kuwait, Saudi Arabia, Russia, Lebanon, Qatar, Azerbaijan, Kazakhstan, Georgia, the United States, China, Iran, and Iraq.

Ibrahim Sarı, the President of the Kahramanmaraş Fishermen’s Association, stated that approximately 14 facilities suffered serious damage during the earthquake, and he announced that this year’s trout production is expected to decrease from 17 million tons last year to 10 million tons. He also added that mass fish deaths occurred in all of their land-based facilities due to water supply disruptions.

Due to the damage incurred at some private-sector inland aquaculture facilities in the earthquake-stricken region, 101 tons of fish and 37.4 million fish fry died, resulting in a total fish cost estimated at 63.2 million TL (3.4 million dollars).

Source: 2023 Kahramanmaraş and Hatay Earthquakes Report

According to the 2023 Kahramanmaraş and Hatay Earthquakes Report, approximately 5,756 out of the 1.6 million beehives in the region have been damaged. The estimated cost of replacing them is 8.6 million TL (456,000 dollars).

This year, these 15 countries will have to import trout from other countries, leading to a decrease in Kahramanmaraş’s fish exports and the amount it would earn from exports.

Earthquake’s Impact in Turkey on Food and Agriculture — Vegetables, Fruits, and Nuts

Malatya is known for its apricot production, while Gaziantep is the capital of Antep pistachios. Hatay has the highest mandarin orange production in Turkey and is the second-largest producer of plums. Kahramanmaraş is among the leading provinces in walnut production. Adıyaman ranks first in tobacco production in Turkey.

The earthquake-affected region accounts for 8.7% of Turkey’s vegetable production and 16.9% of fruit production. Without taking necessary measures, there is a significant risk of a significant decline in yields in certain fruit varieties.

Hatay takes the lead in Turkey for products such as parsley, chard, plums, lettuce, citrus fruits, pumpkin, carrots, peas, okra, mint, eggplant, olives, garlic, onions, turnips, cape gooseberries, and Trabzon dates. While fruit orchards account for 14.04% of Turkey’s total agricultural areas, Hatay’s share reaches 35.43%. Olive groves cover 51,841 hectares of this area. The total share of vegetable areas in Hatay is nearly three times the national average.

In Malatya, production is primarily based on apricots. The annual average production of dried apricots is around 80,000 to 100,000 tons. Turkey accounts for 90% of the global dried apricot market, with 70% belonging to Malatya.

The region holds 82.7% of Turkey’s pistachio production, with Gaziantep accounting for 23.4% and Adıyaman for 11.3% of the production. Adıyaman also has a significant share in chickpea and garlic production. Hatay contributes 2% of Turkey’s corn production, while Kahramanmaraş contributes 3%. The region supplies 17.8% of Turkey’s almond production, with Adıyaman accounting for that share. Hatay alone carries out 20.8% of Turkey’s citrus fruit production, contributing to 57.5% of the country’s total. In olive production, the region accounts for 16% of Turkey’s output, with Hatay having a 4% share.

Our exports in February decreased by 6.4% compared to the same month last year, reaching 18.6 billion dollars. According to customs data, there has been a significant decrease in exports, particularly in Hatay, Adıyaman, Malatya, and Kahramanmaraş, after the earthquake.

Source

After the earthquake, apricots remained unsold, farmers wait

In Malatya, one of the cities most affected by the earthquake on February 6th, apricots remained unsold by the farmers. The Great Şire Market in Malatya also suffered significant damage due to the earthquake. Despite challenging conditions, efforts are being made to prepare for the new apricot season in Malatya, which meets 85% of the world’s dried apricot demand.

Erhan Almendi, the Vice Chairman of Malatya Commodity Exchange, stated that there has been a significant decline in dried apricot exports following the earthquakes with magnitudes of 7.7 and 7.6, centered in Pazarcık and Elbistan. However, he expressed belief that this situation will be overcome.

Erhan Almendi emphasized the importance of apricots for the recovery of the city affected by the earthquakes, stating that Malatya is known as the “apricot capital of the world” and holds significant brand value.

Post-Earthquake Assistance and Recommendations

The Food and Agriculture Organization of the United Nations (FAO) is requesting $112 million to provide cash, livestock, and agricultural support to 900,000 people in rural areas affected by the earthquake.

According to a report prepared by the Presidency of Strategy and Budget, short-term measures that need to be taken include repairing damaged barns and sheds, rebuilding the collapsed ones, providing animal tents for animals with shelter problems due to the destruction of barns and sheds, and supplying roughage, concentrated feed, medication, and vaccines to livestock breeders.

The repair and reconstruction of facilities such as warehouses, processing plants, and silos, compensating for the losses incurred due to animal deaths, providing seed and fertilizer support to farmers to ensure spring planting, and taking measures to employ sufficient seasonal agricultural workers in the region are also included in the short-term policy recommendations.

We are including our exporters in the earthquake-affected region in the “Earthquake Zone Campaign” within the Coimex community.

We have prepared a campaign called the “Earthquake Zone Campaign” to support traders in the earthquake-affected region and contribute to their continuation of international trade during these challenging times. If your factory or central office is located in Hatay, Kahramanmaraş, Gaziantep, Malatya, Adıyaman, Şanlıurfa, Kilis, Diyarbakır, Şırnak, Adana, or Osmaniye, we are immediately opening your FREE Coimex account. After you make your first sale through Coimex, we will start your paid membership at a discounted rate. You can access the details of the campaign from here.

Contact us now to join the Coimex community for free.

Join the Earthquake Zone Campaign

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Export Foreign Trade April 13, 2022

International Food Fairs Top 12 (2023-2024)

International Food Fairs continue to be the most crucial and effective method for entering foreign markets in the globalized world.

International food fairs held annually are of great importance in bringing together food professionals. While the contribution of digitalization to trade is undeniable today, face-to-face and warm communication still maintains its effectiveness.

Global food fairs abroad have significant effects in terms of keeping track of sectoral developments, getting a close look at products and companies, and enhancing your company and product visibility.

What Does Participating in International Food Fairs Provide?

Engaging in face-to-face communication with your target audience and potential buyers from around the world
Introducing your company and products to your target audience quickly and intensively
Increasing your brand awareness not only domestically but also internationally, demonstrating that you are a prominent and strong company within the industry to industry professionals and competitors
Introducing your new products and other offerings to your target audience worldwide
Finding new markets and connections worldwide, and expanding your network
Gaining an advantage over your competitors in the market
Getting to know and observe not only your competitors but also potential customers both domestically and internationally
Being able to achieve high-volume sales through special promotions at trade shows and increasing your profits.

Around the world, numerous food fairs, both large and small, are organized. In this article, we have listed 12 worldwide food fairs for you.

12 International Food Fairs in the World (2023-2024)

1) Anuga (Köln)

2) Gulfood (Dubai)

3) World Food Moscow

4) Food Expo Greece (Athens)

5) IFE (London)

6) Nigeria AgroFood

7) Thaifex Anuga Asia (Bangkok)

8) Asia Fruit Logistica (Hong Kong)

9) Sweets & Snacks Expo (Indiana- USA)

10) MIFB (Malaysia)

11) SIAL Paris

12) West Africa Agrofood (Kenya)

1. Anuga (Köln) Fair

Anuga Fair; with its liveliness, diversity, and dynamism, it is one of the world’s leading food and beverage fairs. As the global food industry is currently undergoing dynamic changes towards a sustainable and fair food system, the fair will be held from October 7 to 11, 2023. This year, the fair stands out with the concept of sustainability and offers participating companies visibility and extensive business connections with its wide range of products.

2. Gulfood (Dubai)

Gulfood, among the world’s largest international food fairs, has been held annually in Dubai since 1987. Fair is scheduled for February 19-23, 2024. The 2022 fair brought together over 5,000 food and beverage companies, showcasing more than 100,000 new products from over 125 countries. The food fair provides an opportunity to develop new relationships and strengthen existing ones, and significant participation is expected again this year.

3. World Food Moscow

international-food-fairs-worldfood-moscow-coimex-team — Coimex attended World Food Moscow

World Food Moscow has been opening its doors in the fall for over 30 years, taking place in Moscow from September 19 to 22, 2023. The professional fair where food producers, service providers, retailers, wholesalers, food and beverage distributors, and exporters meet with buyers. This year, it is expected that over 1,000 companies from 39 countries will showcase their products at the fair.

4. Food Expo Greece (Athens)

Food Expo Greece is held in the capital city of Greece, Athens, from March 9 to 11, 2024. This fair, which has been shaping the future of the food and beverage industry and presenting global trends and innovations, has been held for 10 years. In 2024, FOOD EXPO aims to showcase the products of 1,300 leaders in the Greek and global food and beverage industry to thousands of food traders.

5. IFE (London)

IFE, the global food and beverage trade show, will take place in London, the capital of the United Kingdom, from March 25 to 27, 2024. This event brings together 27,000 food and beverage professionals for face-to-face interactions, allowing them to sample new products, establish lasting business connections, discover suppliers that contribute to their business, and gain a competitive advantage, bringing together more food and beverage buyers and suppliers than other events in the United Kingdom.

6. Nigeria AgroFood

The 9th edition of the fair is set to take place in Nigeria from March 26 to 28, 2024. Nigeria is predicted to become the world’s third most populous country by 2050, following India and China. In 2019, Nigeria’s population was measured at 201 million, making it the seventh-largest country in the world after China, India, the United States, Indonesia, Brazil, and Pakistan. Given its continuous growth and opportunities, the fair holds significance for Nigeria as an open and expanding market.

7. Thaifex Anuga Asia (Bangkok)

Thaifex Anuga Asia Fair, one of the leading international food fairs, will take place in Bangkok from May 28 to June 1, 2024, holding the distinction of being one of the largest food and beverage fairs in Southeast Asia. With over 3,000 exhibitors from 45 countries and more than 78,000 visitors from 133 countries, the fair welcomes food professionals to Bangkok.

8. Asia Fruit Logistica (Hong Kong)

Asia Fruit Logistica Fair will take place in Hong Kong from September 4 to 6, 2024. The fair covers the latest innovative products and ideas across the fresh produce industry value chain. The global food fair provides a great opportunity for industry professionals to develop new markets, expand existing ones, establish new high-level connections, and gather essential market insights into fresh produce trade across the entire Asian region.

9. Sweets & Snacks Expo (Indiana- USA)

The Sweets & Snacks Expo Fair will be held in Indiana, USA from May 14 to 16, 2024. This vibrant city promises to add a fresh flavor to the world’s leading confectionery and snack event. The fair not only promises visitors and participants the latest products in the industry, innovations, and business connections but also offers the opportunity to experience the most fantastic trends within the fair.

10. MIFB (Malezya)

coimex-at-MIFB-international-food-fairs — Coimex attended MIFB

The Malaysian International Food and Beverage Trade Fair (MIFB) will take place at the Kuala Lumpur Convention Centre in Malaysia from July 17 to 19, 2024. MIFB aims to shape the future of the food industry and provides a platform for businesses in the sector to showcase their products and services to leading buyers in the region. The fair will feature participation from over 600 companies from more than 80 countries.

11. SIAL Paris

From January 19th to 23rd, 2024, in Paris, this food fair, which is held in Paris every year and is of great interest to the food sector, opens its doors to food professionals. SIAL Paris is organized exclusively for trade visitors. The fair aims to be a source of inspiration for the entire global food community. It promises to discover the latest trends and innovations in the food industry and to meet the right partners to accelerate food companies’ business.

12. West Africa Agrofood (Kenya)

The West Africa Agrofood exhibition will be held in Kenya from October 8 to 10, 2024. This fair, which takes place in Abidjan, West Africa, covers agriculture, food processing and packaging, and food materials. According to GTAI German Trade & Invest, Ivory Coast is becoming the grain hub of West Africa. The agriculture and food industry in Abidjan remains highly dynamic, both in terms of production and processing.

The organization of tradeshows, one of the traditional methods, was interrupted, especially during the pandemic. The pandemic continues to affect the whole world. If you think about whether the interest in traditional fairs has decreased in this process and whether the effect of these fairs has decreased, then the answer is in this article.

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Export Export to Africa Foreign Trade January 24, 2022

5 Questions to Support Your Decision to Join Coimex

We are a digital platform that provides the opportunity to conduct foreign trade in a trustable community, enables target audiences to be found by both exporters and importers, offers one-to-one communication with decision-makers, and provides social media services to traders. Although you think that the system makes sense, if there are still some question marks in your mind, then this article will support your decision to join Coimex.

1) How Is Coimex Different From Other Digital Platforms?

In cooperation with local chambers of commerce, only companies that are high quality and trustable are being accepted to Coimex. Coimex is very different from solutions like TradeAtlas, which works like a static catalog and is closed to interaction, and traditional marketplace solutions like IndiaMart and Alibaba, which are suitable for spot shopping and contain many companies of different qualities. After becoming a member, you not only reach trustable companies in your target audience and communicate directly with decision-makers, you can also develop long-term relationships through a social media platform where you can share your announcements and have conversations about foreign trade.

2) How Can I Be Sure Without Trying the Product?

In foreign trade, the time needed for trust-based and good relations to be established is more than one or two months. It is thought that after you become a member of our system, you can be matched with an average of 1-3 companies per month. After two months of being a member of our system, you can cancel your membership, if you are not satisfied with it. The best thing you can do as a member is to exhibit the maximum number of products your package allows in these first two months and see if you can get results quickly.

3) Will I be able to get a return on my investment?

You will acquire visibility in the digital world once you have a Coimex membership. Coimex eliminates the need for you to trade solely physically by bringing foreign trading to a trustable platform. Even if you don’t have a website, the membership features will allow you to display your company and its products 24/7. With a single click, you can directly contact the company’s decision makers and check their profiles, prior transactions, scores, and comments. You’ll make a great return on your investment and save time and money with your first trade in a year.

4) Will I be able to reach the companies in my target audience?

After you become a member of Coimex, we predict that you will find 1-3 companies per month that are suitable for your target market among trustable importer and exporter members separated by geographical region and product categories. Our member application process is carefully managed, and we work in association with chambers of commerce. Therefore, there are few but very qualified companies in the system. Coimex aims to find reliable and qualified companies for its members, right in their target audience. This helps ensure that trade is carried out on a trusted platform, and with carefully selected companies that are trustable.

5) Does it appeal to companies with narrow marketing budgets?

Yes, it does. Today, regardless of whether you are a large or small company, you need to have a modern website, advertise on Google, Linkedin, and social media, and allocate a budget for fairs, events, customer visits, and training in order to be competitive and not fall behind. Coimex provides you with a membership at a much lower cost than you would spend on other digital channels, and the opportunity to instantly contact and directly seize opportunities with those who are suitable for your target audience among the reliable companies selected, without causing you to get lost in the digital world.

If you found answers to your questions after this article and the system made sense to you, we would like to see you in our community of reliable traders. Come join us now.

We Discussed Growth Strategies at Our Africa-India-Turkey Food Foreign Trade Event

https://www.youtube.com/watch?v=-2BNAdzcpzI

On September 15, under the moderation of Coimex CEO Selhattin Urfalı, 3 Geography, 3 Speed, 3 Strategy events were held with the valuable participation of Bangladesh Ambassador Mosud Mannan His Excellency, Yeccima Director General Warmate Jones Idikio, Uncci Secretary General S. Kabagambe, Nairobi Trade Advisor Murat Can Kılınç, Baccima General Manager Sani Tahir Hamid and Mumbai Commercial Attaché Hüseyin Aydın.

In the webinar, African, Indian and Turkish markets were evaluated. Developments and opportunities in trade relations with these countries were discussed. The subject of developing sales strategies was discussed.

What Does the Bangladesh Market Promise?

Ambassador of Bangladesh, Mr. Mosud Mannan, greeted everyone who attended the meeting, opened the meeting and summarized the topics to be discussed. He continued his speech by explaining how Bangladesh gained its independence through the liberation war and inherited an economy to which the country was accustomed to its poverty.

Bangladesh Ambassador Mosud Mannan’s main goal is to see the country prosper. For this reason, the Ambassador stated that they are constantly trying to improve both their economic situation and their social areas. Explaining that Bangladesh has managed to keep its GDP growth positive over the years, Ambassador stated that even after the pandemic, Bangladesh still has a GDP growth of 3.8%. The Economic Intelligence Unit announced that the country’s growth expectation for the next four years is 7.4% annually. Mannan also said that Bangladesh is one of the countries with the highest GDP per capita growth rate in Asia in 2020 and that Bangladesh’s GDP per capita grew by 9.1%, with Bangladesh having the highest GDP growth rate in South Asia. Stating that Bangladesh’s lands are fertile, Ambassador also announced that they will continue to give priority to agricultural growth in the coming years, as rice production is at an all-time high.

The Ambassador stated in his speech that banking systems have changed since they left British rule. Stating that Bangladesh has moved from a state-controlled system to a market-based open economy using a stabilization, liberalization, and reorganization program, Ambassador also said that there are numerous new facilities and opportunities for those who want to do business with Bangladesh. According to Mr. Mosud Mannan, paperwork procedures have also become much faster and able to provide a skilled workforce.

Which Products Can You Import and Export With Bangladesh?

In the export area, Bangladesh offers high-quality rice, seafood such as shrimp and fish, and although they have a high amount of rice for import, they sometimes want imported rice when production is low due to weather conditions in addition to onions and lentils. In addition to these, he stated that they are open to the import of fresh vegetables, fruits, and nuts. Ambassador Mr. Mosud Mannan also stated that although they are very popular in Bangladesh, cherries, and nuts cannot be grown in Bangladesh and this could be a good option for those looking for export opportunities.

What are the Strong Products of the Nigerian Market?

Nigerian Yeccima Director-General Warmate Jones Idikio said at the beginning of his speech that Nigeria is the most populous country in Africa. He stressed that Nigeria is part of the MINC nations, a community that includes countries with great potential for economic development. Warmate Jones Idikio, who stated that the banking system in Nigeria is market-oriented, also stated that Nigeria’s GDP per capita is $1.116 trillion, its nominal GDP is about $514 billion, the human development index is 35.1 and the population density is 218 percent per kilometer.

Yeccima Director-General, Warmate Jones Idikio, stated that their country is open to agriculture and Nigeria already imports high amounts of citrus, grapes, nuts, dates, figs, pineapples, avocados, cherries, peaches, and plums and will continue to import them.

Sani Tahir Hamid, Managing Director of Baccima, said Nigeria is a major exporter of cocoa, cotton, palm oil, and palm kernels. Sani Tahir Hamid, who stated that Nigeria currently trades with more than 100 countries around the world, also stated that Nigeria has a total of 70.8 million hectares of land for agriculture, which they use to grow nutrients such as seeds, wheat, corn, rice, and yam. He said their main focus is rice production because they produced 5 million metric tons of rice this year, as in 2020. Stating that more than 45 percent of Nigerian citizens are engaged in agriculture, Sani Tahir Hamid underlined that Nigeria is also Africa’s third-largest cocoa producer. Stating that they exported 245 metric tons of cocoa only to India in 2020, Sani Tahir Hamid also stated that Nigeria also has 7 million hectares of land ready for mechanized agriculture, therefore they invite foreign investors and people who want to develop business relations to their fertile lands. Sani Tahir Hamid, who said that with this method, Nigeria guarantees that it will always offer export opportunities to its foreign investors, said that Nigeria has cement production and recycling options for those who want to establish small businesses.

Stating that Nigeria started a program to encourage local milk production in the country at the beginning of February, Baccima Managing Director Sani Tahir Hamid said that,

Nigeria is inadequate in terms of modern storage facilities and distribution networks, as a result of which they tend to lose a significant amount of what they harvest. He also stated that another reason why they need modern storage facilities is their desire to import more.

Kenya Offers Great Opportunities to Foreign Traders!

In his speech, Kenya Nairobi Commercial Counselor Murat Can Kılınç said that while talking about Kenya, he is talking about other countries in the region because these countries are similar to Kenya in many ways. Murat Can Kılınç said that in recent years, investors have started to turn their attention to Africa and that more and more investors are doing the same. He also said that Kenya is the most developed and largest economy in Middle East Africa, with Kenya contributing more than 50 percent of the East African community region’s GDP.

Murat Can Kılınç emphasized in his speech that Kenya, which is a country dependent on agriculture, prioritizes nutrients in exports. Murat Can Kılınç stated that as a result, they exported a large amount of macadamia nut, pineapple, avocado, and coffee, and said that they also imported many foodstuffs. Murat Can Kılınç stated that sugary products, processed foods such as pasta, and fresh fruits such as apples and grapes are imported in large quantities in Kenya, adding that it is difficult to find apricots, figs, hazelnuts, peaches, and cherries in Kenya and that these products have small markets in the region.

He said that in Kenya, they had no problems producing their own food until 2019, however, when the locusts emerged, the invasion had badly affected the country. Thereupon, Murat Can Kılınç, who said that Kenya had a difficult time in agricultural production and trade with the pandemic and drought, also stated that Kenya also had storage problems. Saying that Kenya needs modern food storage units, distribution systems, and product safety, Murat Can Kılınç also said that most of the packaged foods in Kenya are imported, such as pasta. He stated that although there is no pasta production in the country, there is demand and consumption and that the Kenyan government invites foreign investors to the country and the government offers reasonable prices to investors. However, at the end of his speech; He also stressed the importance of being aware of the export verification procedure when exporting to Kenya.

In Foreign Trade, it is important to take the necessary steps completely and accurately as well as to know the market closely. Just knowing the market is not enough. Knowing what to do and how to do it gives you a great advantage in foreign trade. You can find the steps you need to take while exporting in 2021 in this article.

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Export July 11, 2020

Cost-Free and Fast Export in 5 Questions: E-Export

The basis for the ease of e-export is the advantages of micro export. Micro export includes export up to 150 kg and 7500EUR ECCD (Electronic Commerce Customers Declaration). You don’t need a customs broker for ECCD. ECCD is prepared by the express carriers in the export in an electronic format.

Every exporter experiences one thing. Your order has arrived from abroad. The order must be delivered to the customer in a fast way. The amount of order is profitable. But bureaucratic processes such as fees, customer declarations are both slowing your down and prevent you to make a fast delivery. Actually, this problem as an easy and actionable solution: E-Export

China has gained its e-commerce success with e-export. While cross-border e-commerce is at 0.6% level in Turkey, it is up to 40% in China. When %40 e-export is considered for Turkey, 60 million dollar export is not a dream. These numbers will both increase the export rate of the country and significantly increase the cross-border e-commerce gains of the firms.

1. What Is E-Export?

If you are sending products from your online sales page or social media account to the customers in other countries with official sales invoice excluding VAT and with ECCD, you are doing e-export.

2. Ease of E-Export

3. Advantages of E-Export Over Traditional Export

In traditional export, customs operations take the most time and money. This process is complex due to the long duration and various process that needs to be monitored.

Additionally, since there are different customs regulations between the countries, traditional export is challenging depending on the products sold, sales amount and customer location. In e-export, you can easily solve the problems with software without being affected by different factors.

Let’s explain this with an example: A business in Germany paid from your online website and placed an order for a certain textile group. They wanted the order to be delivered this week. When you try to fulfil this order in the traditional export, you need to prepare documents such as brand certificate, hygiene certificate, laboratory analysis, company documents and invoice translation. It will become almost impossible to deliver the order within the required time. Or when you try to ship the order, the order will be declined in the customs and return to Turkey. You will not generate income and even experience a loss with this high shipment cost and bad customer experience.

However, you can deliver the same order with e-export solutions without additional documents when you prepared the required customer address and contact information.

When we try to show the difference between traditional export and e-export, we end up with a table like this.

	Traditional Export	E-Export
Customs Declaration	Customs broker is needed.	E-export prepares solutions in an electronic setting.
VAT return	Yes	Yes
Customs period	2-7 workdays	12-48 hours
B2C customs tax exemption	Not valid	Completely valid
Export operation preparation	Detailed, hard	Simple, easy
Export business processes and business monitoring	Hard	Simple
Operation costs	High	Affordable
End-to-end service	Hard to plan, high cost	East to plan, low cost
brand registration certificate	Mostly mandatory	Not necessary
Document translation	Mostly mandatory	Not necessary
Seller and buyer company documents	Mostly mandatory	Not necessary
Hygiene certificate	Mostly mandatory	Not necessary
Laboratory analysis	Mostly mandatory	Not necessary

Advantages of E-Export Over Traditional Export

In terms of customs cost and customs speed, e-export clearly one step ahead. Beyond these advantages, since you directly sell B2C, you can benefit from the B2C customs tax exemption in your customer’s country.

4. What Are Customs Tax Exemption Offered by Countries in E-Export?

In terms of customs operations, the most important thing to know the delivery type which could be DDP or DDU.

DDP means deliver with paid customs taxes. Customs tax and fees are invoiced to the company that does e-export and your customer will have a complete service including customs payment.

DDU means deliver without paid customs taxes. The customs tax and fees are calculated when the goods are in the customs and these fees are invoiced to the buyer. The e-export company is not responsible for the customs tax.

Based on this information, DDP delivery service is becoming more important for the best customer experience and fastest delivery solution. When the ease of e-export and customs tax exemption by cross-border e-commerce is considered together, it will be easy to manage orders from abroad.

Each country has different customs exemption limit for e-export. When you analyse the customs exemption of the countries, you can check our “What Are Customs Tax Exemption Offered by Countries in E-Export?” article for more information.

If we need to explain cross-border e-commerce processes with an example, let’s imagine the Germany example above and delivering the goods to the customer with cross-border e-commerce. At this stage, the responsibility of the exporter will be preparing sales invoice without VAT, order-receiver information and transferring the package delivery to the business partner. The remaining operations will be completed by the cross-border e-commerce partner.

5. What Are Government Incentives for E-Export?

The government provides various international incentives for e-export companies for their international activities. But to benefit from these incentives, the company must not be a sole proprietorship. Additionally, the website must be prepared in the language of the activity country. At the same time, products that will be sold with e-export must be manufactured in Turkey. The companies can take important steps to grow with e-export government incentives that many firms can benefit from. These include necessary incentives such as foreign investment as well as company establishment abroad government support. You can check our “What Are Government Incentives for E-Export?” article for more information.

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Export May 19, 2020

The Most Exported Products and Countries by Turkey

Most exported products and countries by Turkey is showed no significant difference for the past decade. Turkey is among the 30 largest exporter countries. While the firms continued to export, they also increase their sales and profits and have a share of the global market. With a solid export plan and strategy, the dependency on the domestic market can be decreased. Decreased dependence on the local market balances the market fluctuations. As Turkey’s trade continues to expand to foreign markets, the general and seasonal fluctuation pressure caused by the domestic market could be eliminated. The highest export from Turkey in 2019 was to Germany. The export trade with Germany was 1.4 billion 957 million 543 thousand dollars.

When the data for the most exported products and countries by Turkey is considered, this data showed no significant difference for the past decade. When the export numbers of Turkey is considered, Turkey is among the 30 largest exporter countries.

While the firms continued to export, they also increase their sales and profits and have a share of the global market. With a stable export plan and strategy, the dependency on the domestic market can be decreased. Decreased dependency on the domestic market balances the market fluctuations. As Turkey’s trade continues to expand to foreign markets, the general and seasonal fluctuation pressure caused by the domestic market could be eliminated.

Turkey’s Main Exports by Countries

2019 Export Data of Turkey

According to the data provided by the Turkish Statistic Institution (TUİK), Turkey’s export increased in 2018, which was 167 billion 920 million dollars to 171 billion 530 million dollars in 2019.
Country / Year 2018 2019
Germany $16.14B $15.43B
United Kingdom $11.11B $10.87B
Italy $9.57B $9.30B
Iraq $8.35B $8.99B
United States $8.31B $8.05B
Spain $7.71B $7.66B
France $7.30B $7.64B
Netherlands $4.78B $5.44B
Belgium $3.95B $3.24B
Israel $3.90B $4.35B
Romania $3.88B $3.86B
Russia $3.40B $3.85B
Poland $3.35B $3.31B
United Arab Emirates $3.14B $3.31B
Egypt $3.06B $3.31B
China $2.92B $2.58B
Bulgaria $2.67B $2.54B
Saudi Arabia $2.64B $3.18B
Iran $2.39B $2.31B
Morocco $1.99B $2.30B
Greece $2.09B $2.11B
Turkey Exports By Country

The data in the table showed that 19 countries among the top 20 countries Turkey’s Export in 2018 managed to preserve their position in 2019. Morocco rose from being 21st to 19th country. Thus, Morocco replaced Greece as the 19th country. 2019 export numbers for Morocco was 2,239,255.5 dollars. It is predicted that Greece lost its position due to the reflection of the effects of the economic crisis in Europe to Greece, which already had financial problems.

The highest export from Turkey in 2019 was to Germany.

The highest export from Turkey in 2019 was to Germany. The export trade with Germany was 1.4 billion 957 million 543 thousand dollars. The reason for Germany to be the top export country for Turkey is the fact that Germany’s top imports from turkey are automotive and transportation sector products, and these products are the most exported product groups for Turkey.

The sales with the top 5 countries in the 2019 export of Turkey corresponded to 30.7% of the total export.

Turkey’s Export Data in 2020

The last 12-month export of Turkey has reached 181 billion 567 million dollar level. In terms of products, the highest export in January was motor land vehicles. The motor land vehicle export by Turkey in January was 2 billion 128 million dollars, with a 4.99% increase. The highest exported goods in January 2020 was “boiler machines” with 1 billion 401 million dollars and “iron and steel” with 791 million dollars.

The top three most exported countries in January 2020 were Germany, Italy, and England. While the export by Turkey to Italy increased by 9.6% compared to January 2019, the export with England decreased by 9.1% for the same period. While the export with the US, which is the most exported country for January 2020, increased by 10.6%, export with France increased by 14.0%.

According to the Generalised System of Preference (GSP), the top 3 exported countries by Turkey in January 2020 corresponded to 21.5% of the total export. The export with the European Union countries in January 2020 increased by 3.25% compared to January 2019 and reached 7 billion 384 million dollars. The export with these countries corresponded to 50% of the total export.

Main Exports of Turkey by Products

Automotive and Food Sectors Are Turkey’s Main Exports

When the last 5 years is considered, the most exported products of Turkey is the automotive sector. Turkey’s main export products are automobile, automobile accessories, automobile parts, piston engine parts, and public transportation vehicles.

In 2017, Turkey exported 28.5 million dollar goods in the automotive sector. Again total automotive export per piece was 17% for this year, and Automotive export increased by 20%. Other than the automotive, the most exported products by Turkey are food sector products.

While the agriculture export of Turkey was 14.9 billion dollars, food export in 2017 was 10 billion 679 million dollars. In 2017, Turkey exported frozen and fresh foods to more than 200 countries. Germany is the top country in food export by Turkey, and the total food export reached 1 billion dollars. In the same year, Holland, England, and Italy were among the top countries that import from Turkey and following Germany.

The food export of Turkey by Iraq passed 3 billion dollars with flour, legumes, cereals, dairy, and meat products.

While the dried and fresh food export with Russia reached 800 million dollars, 500 million dollar food product is exported to Saudi Arabia. The US has an important position with an 800 billion dollar volume in food export.
When the food export of Turkey is considered, export increase in dried fruit and products increased in 2019. In 2019, the dried fruit and products sector exported 1.4 billion dollars product to 155 countries. The highest export in this sector was to Germany with 191 million dollars.

20 Most Exported Products by Turkey

Turkey’s main export products are given below.

Automobile
Unprocessed gold
Truck
Jewelry
Automobile parts and accessories
Raw petroleum oil
T-shirt, shirt (knitted or crochet)
Iron and non-alloy steel rod
Women’s clothing
Isolated wire and cable
Rugs and other textile floorings
Fridge and deep freeze
Pullover and uniforms (knitted or crochet)
Piston engine parts
Public transportation vehicles
TV receivers / projectors / monitors
Men’s suits and pants (except knitted or crochet)
Hot milled iron or non-alloy steel
Miscellaneous furniture
Hazelnut and other dried nuts

5 Most Exported Products by Turkey
Export for Classification of BEC (Million Dollar) (GTS)
Export for Classification of BEC (Million Dollar) 2018 2019 change(%) Jan 2020
Investment Goods 20,963 21,577 2.83 1,572
Raw Material (Intermediate Goods) 83,987 85,314 1.58 7,071
Consumer Goods 71,044 72,723 2.36 5,998
Others 866 1,124 29.76 124
Total 176,861 180,718 2.18 14,765
Export for Classification of BEC (Million Dollar) (GTS)
When the export in Classification of Broad Economic Categories on January 2020 was considered, the highest export was in “Raw Material” (Intermediate Goods) group (7 billion 71 million dollars) and this group was followed by “Consumer Goods” (5 billion 998 million dollars) and “Investment (Capital) Goods” (1 billion 572 million dollars).
Import for Classification of BEC (Million Dollar) (GTS)
Import for Classification of BEC (Million Dollar) 2018 2019 change(%) Jan 2020
Investment Goods 30,154 15,926 -14.02 2,300
Raw Material (Intermediate Goods) 174,821 162,585 -7.00 15,015
Consumer Goods 25,421 21,198 -16.61 1,804
Others 788,000 552,000 -29.9 110,000
Total 231,184 210,261 -9.05 19,229
Import for Classification of BEC (Million Dollar)
When the import in Classification of Broad Economic Categories on January 2020 was considered, the highest import was in “Raw Material” (Intermediate Goods) group (15 billion 15 million dollars) and this group was followed by “Investment Goods” (2 billion 300 million dollars) and “Consumer Goods” (1 billion 804 million dollars).
Export Data for Section (Million Dollar) (GTS)
According to GTS, the most exported good was “Motor Land Vehicles” in 2020 as in 2019.
Export Data for Section (Million Dollar) 2018 2019 Jan 2020
Motor land vehicles, tractors, bicycles, other land vehicles 27,525 26,885 2,128
Machines, boilers, nuclear reactors, mechanical devices, mechanical tools 17,047 17,798 1,401
Iron-Steel 11,521 10,041 791
Knitted apparel and accessories 9,166 9,209 762
Electrical machines and devices 9,727 9,729 737
Others 101,876 107,057 8,946
Total 176,861 180,718 14,765
Turkey’s Export Data for Section (Million Dollar) (GTS)
The most export “motor land vehicles, tractors, bicycles, other land vehicles” (2 billion 128 million dollars) on January 2020 was followed by “machines, boilers, nuclear reactors, mechanical devices, mechanical tools” (1 billion 401 million dollars) and “Iron-Steel” (791 million dollars).
Latest Global Economy Summary and Its Effect on Export of Turkey
The 3 most effective locations in global trade can be listed as Europe, the US, and China.
In the 2019-2020 period, the unemployment rate in the US increased, and economic problems emerged.
Economic crises that have been in Europe for a while and Brexit by the United Kingdom can affect the other European countries over the long run.
The Chinese economy is impacted by the global economy and pandemic.
The most exported goods and products by Turkey are affected by the global economic, political, and cultural changes, and the annual rates fluctuate because of these changes.
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