Turkey

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Exchange rates for exports and imports for Jan 2021 released

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Import/Export Exchange Rates released for Dec-2020

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About Turkey

Turkey is officially known as the Republic of Turkey is a nation that joins Europe and Asia and has been playing an important role in trade relations between Asia and Europe right from the days of pre-colonization. The capital city Istanbul also previously known as Constantinople has both the European side and the Asian Side to it. This city has played an important and strategic role during the 14th century as a trade route between India and Europe. The shutdown and capture of this city by the Ottoman Turks triggered many explorers such as Vasco da Gama, Bartolomeo Diaz and Christopher Columbus to explore sea routes to India and the finding of America.

Turkey commands the top 20 positions as Largest GDP in the world. The major sectors in turkey are Automotive industry, Shipping, Oil, Banking, oil refining, mining, and machine industry.

Tourism also plays an important role in the economy due to its historical importance, geographical placement as well as nice beaches

Country Facts

 

Basic Details
RegionMiddle East
Capital CityAnkara
Government TypeUnitary presidential constitutional republic
Official LanguagesTurkish
CurrencyTurkish lira, TRY
Phone Code +90
Important CitiesEdirne, Eskisehir, Bursa, Mardin, Istanbul, Antalya, Izmir, Canakkale, Trabzon
National DayRepublic of Turkey (9th Oct)
Economy
Ease of Doing Business Ranking33 (Very Easy)
Primary IndustriesTextiles, food processing, autos, electronics, tourism, mining, coal, chromite, copper, boron, steel, petroleum, construction, lumber, paper
Major Exportsapparel, foodstuffs, textiles, metal manufactures, transport equipment.
Major Exports to IndiaAnimal, Footwear, Food Products, Wood, Hides and skins, Transportation, Plastic or Rubber, Stone and Glass, Textiles and Clothing, Vegetables
Major Importsmachinery, chemicals, semi-finished goods, fuels, transport equipment
Major Imports from IndiaFuels, Machinery and Electricals, Metals, Chemicals, Textiles and Clothing, Transportation, Plastic or Rubber, Stone and Glass, Vegetables, Wood
Foreign Relations
Flags
Maps
Trade Agreements with IndiaBilateral Economic and Trade Relations, Joint Economic and Technical Cooperation Committee (JEC)
Bordering NationsGeorgia, Azerbaijan, Syria, Bulgaria, Greece
Member ofAsian Infrastructure Investment Bank(AIIB), Antarctic treaty system(ATS), Organization of the Black Sea Economic Cooperation(BSEC), Cooperation Council of Turkic-Speaking States(CCTS), Economic Cooperation Organization(ECO), Group of 20(G20), Islamic Military Counter Terrorism Coalition(IMCTC), North Atlantic Treaty Organization(NATO), Organization of the Black Sea Economic Cooperation(OBSEC), Organisation for Economic Co-operation Development(OECD), Organisation of Islamic Co-operation(OIC), Organization for Security and Co-operation in Europe(OSCE), Regional Cooperation Council(RCC), International Organization of Turkic Culture(TURKSOY), Uniting for Consensus(UFC), United Nations(UN), Union for the Mediterranean(UfM), World Trade Organization(WTO)
Indian Embassy Details for TurkeyH.E. Sanjay Panda
Honourable Ambassador
Embassy of India
77, Cinnah Caddesi, Cankaya 06680,
Email: hoc.ankara@mea.gov.in
Phone: 00-90-312-4382195-98 (4lines)
Website: https://www.indembassyankara.gov.in/
Embassy Details of Turkey in IndiaH.E. Mr. Sakir Ozkan Torunlar
Ambassador
Embassy of the Republic of Turkey
N 50Nyaya MargChanakyapuriNew Delhi-110021
Email: ambassadorpa.ndelhi@mfa.gov.tr
Phone: +91-11-2410 1921, 2688 9053, 2688 9054 (O)