EXPORT CHAMPIONS OF 2017 ARE ANNOUNCED

Top 1000 Exporters of 2017 were announced by Turkish Exporters Assembly (TIM) with a press conference. According to TIM, Ford Otosan was the top exporter with 4 billion 797 million dollars in 2017. Number 2 was Toyota with 4 billion 443 million dollars, and the third was TOFAŞ with 3 billion 209 million dollars.

R&D expenditures exceeded ₺6 billion, 10 companies reached $1 billion exports

The total exports of top 1000 exporters increased by 13.4 percent compared to 2016 and reached 92.3 billion dollars, while the share of these companies in total exports was 58.8 percent. While the exports of 436 firms remained between 25 and 50 million dollars, only 10 firms could exceed 1 billion dollars.

Chairman of TIM Mehmet Büyükekşi expressed that;

“Considering the potential of Turkey, companies with more than $1 billion exports are quite low. Our goal for 2023 is to have at least 50 companies with more than $1 billion in exports. To achieve this goal, we must export products with higher added value. We must invest more in R&D, innovation, design and branding. Last year, among the top 1000 firms, 202 had R&D centers and the companies have spent ₺6.2 billion on R&D“

Share of domestic companies was 61 percent

In 2017, 66.8 percent of the top 1000 exporter companies were producer-exporters, 16.5 percent were exporters, 12 percent were group foreign trade companies and 4.7 percent were sector-capital foreign trade companies. Given the distribution of capital structure of firms; 81 percent of the firms were domestic firms, 11.3 percent were foreign, and 7.4 percent had domestic and foreign partners. Domestic companies' share in the export value of top 1000 exporters were 61 percent.

 

Top 10 Exporters of 2017

#

Company

Exports

(Million $)

1

FORD OTOMOTIV SAN. A.Ş.

4.796,90

2

TOYOTA OTOMOTIV SAN. TURKIYE A.Ş.

4.442,81

3

TOFAŞ TÜRK OTOMOBİL FAB. A.Ş.

3.208,58

4

OYAK-RENAULT OTOMOBIL FAB. A.Ş.

3.183,15

5

TÜRKİYE PETROL RAFİNERİLERİ A. Ş.

2.767,13

6

KİBAR DIŞ TİC. A.Ş.

2.513,81

7

VESTEL TİCARET A.Ş.

2.104,78

8

ARÇELİK A.Ş.

1.816,17

9

BOSCH SAN. VE TİC. A.Ş.

1.052,94

10

MERCEDES-BENZ TÜRK A.Ş.

1.049,92

 

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