Turkish enterprises sold $367.9B of industrial products in 2017

Turkey's enterprises sold industrial products - domestic and abroad - worth TL 1.34 trillion ($367.9 billion) in 2017, according to official data revealed yesterday.

In 2016, the figure was TL 1.04 trillion, while it was TL 956.5 million in 2015, the Turkish Statistical Institute (TurkStat) said.

Meanwhile, the value of total production - regardless of sold, kept as stocks or further processed - was TL 1.5 trillion in Turkey in 2017.

Last year, manufacturing of food products took the biggest share in the total sold production with 13.8 percent.

Basic metal products (12.2 percent), manufacturing of motor vehicles, trailers and semi-trailers (10.1 percent) and manufacturing of textile (8.1 percent) followed it.

In 2017, 1.55 million automobiles and 191 million tons of ready-mixed concrete were produced in the country, according to official figures.

In Turkey, over 743,500 tons of margarine and similar edible fats, 8.8 million domestic refrigerators and freezers were also manufactured in 2017.

Among all products, the share of high technology products was 3.2 percent in 2017, while medium-high technology got 26 percent share.

Low technology products took 36 percent share and medium-lo

w products had 34.8 percent share last the year.

"Industrial products were classified by main industrial grouping, intermediate goods were 46.7 percent, consumer non-durables were 24.1 percent and energy were 5 percent, as a share of 2017 total sold production," according to TurkStat. "Annual industrial production (Prodcom) statistics exhibit the value and volume of goods and a small number of industrial services produced by industrial sectors (manufacturing industry and mining & quarrying) in Turkey on an annual basis."