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TURKISH ECONOMY / MINING AND ENERGY

Economic Outlook

Foreign Trade

Foreign Investment

Free Trade Zones

Banking and Capital Market

Frontier Formalities

Statistics

 

Turkey has recorded economic advances since the 1980's and the share of industrial products exports reached about 84.9% of its total exports. The share of mining products was 2% of its total exports. However, further exploration and investment in the mineral sector are required since mineral output is not large in terms of quantity as compared with the existing potential of mineral resources.

Turkey is one of the few countries that possesses a vast and diverse mineral resource base. Excluding resources of oil and coal, there are about 4400 mineral deposits in Turkey. The availability of this wide range of minerals has contributed to Turkey's industrial development through the supply of raw materials for its manufacturing industry.

Today, the Turkish mining sector produces 53 different minerals and some of them are found in considerable amounts in the country.

The public sector is dominant in fuel minerals and metallic ores, while the private sector is dominant in industrial minerals.

 


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