Turkiye’s biggest industrial enterprise Tupras outpaces competition once again

Istanbul Chamber of Industry reveals Türkiye’s 500 biggest industrial enterprises for 2022

Refinery giant Tupras was once again crowned Türkiye’s biggest industrial enterprise in terms of production-based sales last year, the Istanbul Chamber of Industry (ISO) announced on Tuesday.

Tupras reported 418.4 billion Turkish liras ($25.2 billion) of production-based sales last year, according to ISO survey data.

With production-based sales of 189.2 billion liras ($11.4 billion), another oil refiner, Star Rafineri, claimed the second spot on the list of Türkiye’s Top 500 Industrial Enterprises in 2022,ISO data showed.

Carmaker Ford placed number three, with production-based sales of 140.1 billion liras ($8.44 billion).

ISO head Erdal Bahcivan said the total sales of the biggest 500 industrial enterprises had surged 119% year-on-year to 4.5 trillion liras ($270 billion) in 2022 thanks to strong overseas and domestic demand, as well as exchange rate developments.

Exports by Türkiye’s listed industrial giants climbed 14.1% from the prior year to $98 billion, he added.

The Istanbul Chamber of Industry has been announcing data on Türkiye’s top 500 companies since 1968

The Turkish lira was traded for 16.5856 per US dollar on average in 2022.


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