Month: November 2022

Blog

Turkey’s Critical Role in Supplying Electric Heaters to the World

Turkey has always maintained a significant position in the manufacture of electronic goods. In terms of implementing new technologies brought about by time and creating high-quality products, it is also in demand in the international market. Turkey is growing every year, particularly in terms of exporting and producing electric heaters. Turkey thus plays a crucial[...]
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News

Turkey’s Automotive Exports Reached 2.65 Billion Dollars

According to data announced by the Uludağ Automotive Industry Exporters’ Association (OIB), the Turkish automotive industry’s exports in October increased by 1.8% compared to the same month last year. In October 2022, Turkey exported $2.65 billion worth of automotive products to different countries around the world. In the first ten months of 2022, Turkey realized[...]
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Blog

What are the Advantages of Each Mode of Transport?

Transportation is the movement of an object or a person from one location to another. People generally regard transportation as a necessity. As technology advances, transportation modes become increasingly diverse. The four modes of transportation include land transportation, sea transportation, air transportation, and rail transportation. Each form of transportation demands a particular technological solution, whereas[...]
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News

Turkey’s Monthly Cereal Exports Exceed 1 Billion Dollars

The Covid-19 pandemic has caused nation-states to experience events they have never faced before. These events had unforeseen negative consequences on the global trade network and financial markets. After the Covid-19 pandemic eased, the war between Russia and Ukraine shook the international agenda once again. The area most affected by these two consecutive events is[...]
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Blog

What is Ex Works (EXW) in Trade?

EXW (or Ex Works) represents the minimum obligation for the seller. Its only obligation is to make the goods packaged for export available to the buyer (usually at the seller’s premises) and to provide a commercial invoice. It is therefore the buyer who will bear all the costs and risks associated with the delivery of[...]
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