Tgs Dis Ticaret

What Tgs Dis Ticaret does

TGS Dış Ticaret A.Ş. is a publicly listed (Borsa Istanbul since 2012) Foreign Trade Capital Company (Dış Ticaret Sermaye Şirketi / DTSŞ) headquartered in Istanbul, Turkey, founded in 1999. The company operates as an export intermediary, facilitating export transactions on behalf of approximately 300 Turkish manufacturers across multiple sectors including textiles, ready-to-wear/apparel, leather and leather products, and automotive. Its core proposition, marketed as 'The Shortest Path to VAT' (KDV'ye Giden En Kısa Yol), centers on VAT refund facilitation that converts partial VAT recovery (e.g., 4-5% on 8% VAT, 11-12% on 18% VAT) into full VAT recovery within approximately 30 days of filing, eliminating the need for VAT refund reports and guarantee letters.

TGS operates a relatively flat operating platform with regional directorates in Istanbul (HQ), Izmir (Aegean region), and Bursa. Its service stack combines export intermediation brokerage, customs and foreign trade documentation (including Approved Person Status with Blue Line advantages), Inward Processing Regime (Dahilde İşleme Rejimi) handling, and facilitation of Türk Eximbank financing and credit insurance. The company holds ISO 9001, ISO 27001, ISO 27701, ISO 10002, and ISO 14001 certifications and has been ranked by TIM (Türkiye İhracatçılar Meclisi) as Turkey's 3rd largest exporter in 2025 with $3.191 billion in facilitated export volume (up 26% year-over-year from $2.534 billion in 2024).

The revenue model is transaction-fee based, with TGS earning commissions on the export value it processes for manufacturer clients. The company is led by Chairman Serkan Leke and General Manager Engin Nukan (with Nukan serving since 2009 across roles of accounting manager, board member, and General Manager). TGS has no proprietary software platform described in available materials, no disclosed AI/ML capabilities, and no app or developer API; its core offering is a regulatory-licensed intermediary service rather than a technology product. The 2025 partnership structure change is publicly disclosed as having strengthened the company's financial position.

Name

Tgs Dis Ticaret

Legal name

TGS Dış Ticaret A.Ş.

Website

https://tgsas.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

TGS Dış Ticaret A.Ş. is a publicly listed Turkish Foreign Trade Capital Company that provides export intermediation, VAT refund, and customs brokerage services to approximately 300 Turkish manufacturers across textiles, apparel, leather, and automotive sectors, processing $3.19 billion in 2025 export volume.

Ownership category

akta.pro rank

Headquarters

HQ city

Istanbul

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Export Intermediation / Brokerage Fees: TGS Dış Ticaret acts as a Foreign Trade Capital Company, mediating the export of Turkish manufacturers. The company charges fees for facilitating VAT refunds, processing customs documentation, and providing technical/logistical support to exporters. Revenue is derived from commissions on export transactions processed for the approximately 300 exporters served. The company also generates income by providing Turkish Eximbank support and handling KDV (VAT) refund processes on behalf of manufacturers.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

TGS Dış Ticaret A.Ş. is a Foreign Trade Capital Company (Dış Ticaret Sermaye Şirketi) founded in 1999 that provides export intermediation services to approximately 300 Turkish manufacturers across textile, leather, ready-to-wear, and automotive sectors. The company facilitates exports by managing VAT refund processes, customs brokerage, documentation, and export financing support on behalf of producers. It operates a centralized hub model with its Istanbul headquarters and regional offices in Izmir and Bursa, helping smaller manufacturers access international markets without building in-house export capabilities.

Product overview

TGS Dış Ticaret A.Ş. operates as a Foreign Trade Capital Company providing intermediary export services to Turkish manufacturers and traders. The company offers a unified suite of services centered on export intermediation, VAT refund acceleration, and customs facilitation. Key offerings include brokerage services connecting approximately 300 exporters with international buyers, VAT refund processing that eliminates financing burden, technical and logistical support with Turkish Eximbank and banking institutions, and customs documentation services including Approved Person Status certification. The company's core value proposition is described as 'The Shortest Path to VAT' (KDV'ye Giden En Kısa Yol), streamlining bureaucratic export processes for manufacturing firms.

Differentiator

Problem solved

Functional benefit

Products and services

• Export Intermediation Service

Named customers4 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Istanbul Leather and Leather Products Exporters Association (İDMİB)coreStrategic or Co-development PartnerTGS is a member of IDMİB and regularly receives Platinum awards from the association for leather export achievements. The association facilitates industry representation and networking for leather exporters.
• Istanbul Textile and Raw Materials Exporters Association (İTHİB)coreStrategic or Co-development PartnerTGS is affiliated with İTHİB and receives Platinum and Gold awards from the association for textile export performance. İTHİB represents and supports textile exporters.
• Istanbul Ready-to-Wear and Apparel Exporters Association (İHKİB)coreStrategic or Co-development PartnerTGS is affiliated with İHKİB and receives Platinum awards for ready-to-wear and apparel exports. İHKİB represents the Turkish apparel export industry.
• Automotive Industry Exporters Association (OİB)coreStrategic or Co-development PartnerTGS is affiliated with OİB and has received Platinum awards for automotive sector export performance. OİB represents Turkey's automotive export industry.
• Turkish Exporters Assembly (TİM)coreStrategic or Co-development PartnerTGS is ranked among Turkey's top exporters by TİM, with rankings of 3rd (2025), 6th (2024), and 8th (2022). TİM is the national umbrella organization for Turkish exporters.
• Uluslararası Bağımsız Denetim A.Ş.minorOthersTGS's independent auditor as listed in company information.

Scale indicators9 records

Recent moves1 record

Expansion highlights3 records

Others

• Atradius N.V. Global trade credit insurer with presence in Turkey. Comparable as an adjacent trade services provider enabling cross-border transactions for exporters, though focused on credit insurance rather than customs/VAT intermediation.
• Coface SA: French trade credit insurer and business information provider. Comparable to TGS as an enabler of cross-border trade for exporters through trade-related services, but operating in trade credit insurance rather than VAT/customs intermediation.
• Euler Hermes (Allianz Trade): World's largest trade credit insurer, owned by Allianz. Comparable as an adjacent trade services provider supporting exporters with risk management, partially overlapping with TGS's role as a facilitator of Turkish export flows.

Broad incumbents

• DB Schenker: German logistics integrator providing land, air, and ocean transport plus customs services. Comparable as an established incumbent offering export documentation and customs brokerage across multiple geographies, with broader physical-logistics scope than TGS.
• DHL Global Forwarding: Deutsche Post DHL's air and ocean freight forwarding division with customs brokerage capabilities. Comparable as a broad incumbent offering export documentation, customs handling, and trade compliance for international shippers, overlapping with TGS's customs brokerage function.
• Kuehne+Nagel International AG: Swiss-headquartered global freight forwarder and customs broker with a Turkish presence. Comparable because, like TGS, it provides customs clearance, documentation, and trade compliance services, though Kuehne+Nagel operates globally and adds physical logistics scope.
• DSV A/S: Danish global freight forwarder and customs broker with operations across Europe and emerging markets. Comparable as a large incumbent in trade documentation and customs services, overlapping with TGS's brokerage function at much broader geographic scale.
• Expeditors International of Washington: US-listed global logistics provider with customs brokerage and trade compliance services. Comparable to TGS as a publicly listed incumbent offering export documentation and customs handling, though at much larger scale and without Turkey-specific VAT-refund intermediation.

Emerging players

• Marco Polo Network (TradeIX): Blockchain-based trade finance network focused on open account transactions between corporates and banks. Comparable as an emerging player in digital trade finance and documentation, representing a potential technological disruption to traditional intermediaries like TGS over time.
• Komgo SA: Geneva-based digital trade finance platform backed by major commodity trading houses and banks. Comparable as an emerging technology-driven intermediary digitizing trade documentation and finance workflows that TGS handles manually through Eximbank and banking partners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/tgsdisticaret
• YouTubeyoutube.com/channel/UCsm7FjS172FLIucGJvHtQqA/featured
• LinkedInlinkedin.com/company/tgs-d%C4%B1%C5%9F-ticaret-a-%C5%9F?originalSubdomain=tr
• Instagraminstagram.com/tgsdisticaret

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tgs Dis Ticaret