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Economy of Izmir


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Trade through the city's port had a determinant importance for the economy of the Ottoman Empire as of the beginning of the 19th century and the economic foundations of the early decades of Turkey's Republican era were also laid here in İzmir Economic Congress. Presently, İzmir area's economy is divided in value between various types of activity as follows: 30.5% for industry, 22.9% for trade and related services, 13.5% for transportation and communication and 7.8% for agriculture. In 2008, İzmir provided 10.5% of all tax revenues collected by Turkey and its exports corresponded to 6% and its imports 4% of Turkey's foreign trade. The province as a whole is Turkey's third largest exporter after Istanbul and Bursa, and the fifth largest importer. 85–90% of the region's exports and approximately one fifth of all Turkish exports are made through the Port of Alsancak with an annual container loading capacity of close to a million
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