Turkish Defense Industry to Hit Export Record in 2019

Photo © Otokar: COBRA II Wheeled Armored Vehicle)08.11.2019 North America
Turkish Defense Industry to Hit Export Record in 2019

Turkish Defense Industry to Hit Export Record in 2019

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The Turkish defense and aviation industry is expected to beat its export record by the end of this year, Hurriyet Daily News reported.

The defense and aviation industry left other sectors behind with its 10-month performance in exports worth of $2.14 billion, according to data from Turkish Exporters’ Assembly (TIM) and Defense Industries Presidency.

 The sector’s exports soared 38 percent year-on-year in January-October, followed by cement, glass, ceramics and soil products with 18.3 percent.

 Seeing exports worth of $2.19 billion in 2018, the defense and aviation industry almost achieved this figure now, two months before the completion of this year.

 The U.S. was the top export market of the sector, receiving $675.6 million worth of items from January to October.

 Oman was the second largest with $213.5 million, while Germany ranked third with $185.5 million during the same period. 

 
 

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