According to the German Foreign Ministry, bilateral trade reached a record high of 51.6 billion ($56 billion) in 2022.
Turkey exported the equivalent of 14.5 billion worth of goods to Germany to the end of October this year. These goods mainly include products for the automotive industry, textiles, foodstuffs, boilers, and intermediate goods made from iron, steel, and aluminum. Turkey mostly imports machines, vehicles, plastic products, aircraft, chemicals, and medical equipment from Germany.
Ayhan Zeytinoglu, president of the Istanbul-based Economic Development Foundation (IKV), said that German-Turkish economic relations were deep-rooted and crisis-proof. 'Among Turkey's largest trading partners, Germany is at the forefront. We have a remarkable trade deficit with Russia and China, yet we enjoy a balanced relationship with Germany.'
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