Year: 2022

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Customs Clearance: What Are Required Documents?

Customs clearance is an integral part of import and export. So, if international trade is part of your business, you should be familiar with customs clearance. If you are exporting or importing, you will need various documents for customs clearance. These documents must be complete for the process to run smoothly. In this article, we[...]

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What is Cost, Insurance, and Freight (CIF)?

A cost, insurance, and freight (CIF) agreement is a type of international shipping contract used to carry products between buyers and sellers. It is one of the eleven international commerce terms (Incoterms) created by the International Chamber of Commerce (ICC) in 1936. The specific definitions vary somewhat in every country, but the contract generally specifies[...]

News

Record Breaking New Exports from Turkey

The Minister of Trade Mehmet Muş spoke about Turkey’s export figures in June. According to Muş, Turkey’s exports increased by 18,5% compared to the same month of the previous year. Thus Turkey’s exports reached 23,4 billion dollars. Minister Muş attended the opening ceremony of the East Anatolian Exporters’ Association (DAIB) in Erzurum. During the opening,[...]

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Leading Countries in Flour Exports in the World

Flour is one of the indispensable ingredients in the world. The demand for flour is constantly increasing as it is the main ingredient of many staple foods in many different cultures. Flour is mainly used in the making of bread. However, there are many different kinds of flour that are made from different grains, seeds,[...]

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Skyrocket in Turkey’s Export with Bursa’s Help

The Turkish Exporters Assembly reports that Turkey’s exports for the first half of the year were 125 billion 863 million 711 thousand dollars. Exports from Bursa account for 6.29 percent of Turkey’s overall international sales, placing third after Istanbul and Kocaeli. One of the most talked-about occurrences of 2022 has been Bursa’s substantial contribution to[...]

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The Difference Between CIF and FOB

If shipping is part of your business, it’s important to become familiar with International Commerce Terms (Incoterms). The International Chamber of Commerce has established Incoterms. By knowing these terms and their meanings, you can follow a more accurate way. Also, knowing the rules and standards will keep you safe as a buyer or seller. Incoterms[...]

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New Export Record in Ready-to-Wear and Apparel Industry in Turkey

Turkey is one of the leading countries in the world when it comes to the ready-to-wear and apparel industry. The country has a long history of expertise in this field, and has been exporting its products for centuries. Today, the Turkish ready-to-wear industry is worth over $5 billion, with exports accounting for around $2 billion.[...]

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Leading Countries in Fig Exports in the World

Figs have been considered an important fruit since ancient times. They have green skin when raw and the skin darkens and becomes purple as the fruit ripens. The inside of the figs is a soft and sweet flesh full of seeds. Loved by many, figs are consumed in many different ways. They can be eaten[...]

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Massive Export of 4.6 Billion Dollars from Istanbul Exporters

Istanbul exporters increased their exports by 30.5 percent compared to the same period of the previous year. They achieved this by exporting 4 billion 568 million dollars in the first five months of 2022 with its seven exporters’ associations. Istanbul Exporters’ Associations (İİB) became the second union that increased its exports at the highest rate[...]

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Best Import Ideas for 2022

Every year the trends change. New products become more popular. On the other hand, some products continue to be popular for several years. Even though the demand for each product changes constantly, some products are more sought after all throughout the year. If you are considering which products to import for your business, you need[...]