Blog The Turkish Machinery Sector Achieves a Record Number of Exports During January of 2022

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25 Feb 2022

The Turkish machinery sector achieves a record number of exports during January of 2022

The total value of exports of the machinery sector in Turkey, including exports of free zones, in January of this year, amounted to $1.7 billion.

According to data issued by the Machinery Exporters Association of Turkey (MAİB), the exports of the machinery sector during the first month of the current year 2022 achieved an increase of 10.4% compared to the exports of the same month of the previous year 2021.

Table Of Contents

1. Germany is the leading importing country
• Qualitative leaps at various levels
• Unprecedented numbers

Germany is the leading importing country

In the details regarding the destination of exports, Germany ranked first among the most importing countries of machinery from Turkey, followed by the United States of America in second place, while Italy ranked third, France ranked fourth and the United Kingdom ranked fifth. The value of total exports to these countries reached the five countries during January of this year $600 million.

The report also referred to the countries in which the machinery sector in Turkey achieved the highest percentage of increase in its exports to it, as Russia topped it with an increase of 41.4%, followed by India with an increase of 34.2%, and Egypt came in third place with an increase of 28.5%.

Qualitative leaps at various levels

In the same context, Mr. Kutlu Karar and Uluglu, President of the Machinery Exporters Association of Turkey, stressed that the changes that occurred in the supply sector in the world have increased the importance of the machinery and equipment sector internationally, and led to the great attraction of new investments in this sector, as these investments amounted to more than $5 trillion worldwide.

In another aspect of his speech, Karaolioglu added, "The investments in the machinery and equipment sector witnessed a significant increase of more than 50% in two years, whether, in terms of raising the level of technology for products or expanding production projects and thanks to this progress, our contribution to the sector at the global level increased more. from 1%”.

Unprecedented numbers

The head of the Machinery Exporters Association of Turkey stated that the machinery sector achieved a great growth in production, which reached unprecedented numbers globally, as he stated in his statement that "the machinery sector achieved a significant increase in its production of 31.2% during the past year, and the outcome of the growth reached 34% during the two years." The past two years and this is a number that a similar sector has never seen in the world,” he said.

Edited by NecibeInternational Trade

Reference: Analiz

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