Turkey Industry Sectors

 

 

 Turkey’s industry sectors have been the primary focus of the government since the 1950s. The country’s industrial policy had been based on import-substitution until the 1980s. This approach of protectionism was very successful until the liberal economic policies in the 1980s made the industry less protectionist and more forward looking. The policies were geared to enable the Turkish economy to compete in the international markets and lay emphasis on private sector growth.[br]

 

Turkey Industry Sectors, Turkey Industries: Textile Sector

Turkey is a world leader in textiles and clothing. The textile industry accounts for more than 25% of the overall exports of the country. Turkey is the world’s 7^th largest cotton-lint producer, with almost 1 million tons of annual production. Turkey is also the global leader in organic cotton production. More than 40,000 companies operate in the textile and clothing industry. The total annual production volumes of both these sectors exceed $30 billion. The textile industry is based out of cities like Izmir, Bursa, Ankara, Kayseri and Adana.

 

Turkey Industry Sectors, Turkey Industries: Energy Sector

Turkey’s energy industry, which supplied 40,000 MW annually, is dominated by hydro, natural, gas and coal resources. The share of public and private enterprises in this production is 58% and 18%, respectively. According to the 2020 projections, production capacity needs to be increased to 50,000 MW, which requires an investment of $4 to $5 billion annually. About 20% of Turkey’s annual imports in 2007 had been energy related. The Turkish energy industry relies heavily on imports from Russia. Iran is Turkey’s second largest energy supplier. Due to oil prospects in the Black Sea, companies like BP-Chevron, ExxonMobil and Petro Brass have collaborated with Turkish petroleum corporations in the Black Sea region.[br]

Turkey Industry Sectors, Turkey Industries: Automotive Sector

Turkey has a thriving automotive sector and is the 16^th largest automobile manufacturer in the world and a leader in Europe. In 2007, the production capacity of the Turkish automotive industry was more than 1.3 million vehicles. Turkey aims to increase its production to 2 million units by 2015, to export 1.5 million units and generate $40 billion from the exports. The country also aims to be the third largest automobile producing country in Europe and tenth largest in the world.