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Turkish machinery wants to double exports

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The machinery industry of Turkey was one of the three segments of industry with the highest increase in exports during 2018.
The sector increased its exports by 15 percent in 2018 and reached $17.1 billion, according to the chairman of the Machinery Exporters’ Association (MAİB).

“We are one of two countries alongside China with the highest increase in their machinery exports. Such a high rate of increase in the technology-centered industry is not an accomplishment that you could frequently witness. We aim to double our exports in five years …………..he said.

Accounting for 10.1 percent of Turkey’s total exports, the machinery industry raised the ratio of exports compared with imports to 64 percent. The industry exports 60 percent of its products to the European Union and the U.S., and its average unit prices per kilogram increased to $6.1.

Noting that the value of 323,000 tons of increase in machinery exports in 2018 was $2.3 billion,he said they surpassed the global increase in machinery exports fourfold in 2018.