Turkey's machinery exports exceed $10B in past 7 months

Published 08.08.2019 00:33

Turkey's machinery exports have reached $10.3 billion in the first seven months of 2019, the Machinery Exporters' Association (MAİB) said yesterday.

The figure was $9.8 billion in the January-July period of 2018. The sector's export volume rose to 1.75 million tons, up from 1.5 million tons in the same period last year, the association explained.

"While global trade is narrowing due to protectionist policies, political sanctions and Brexit uncertainty, our trade and market share is increasing," said Kutlu Karavelioğlu, the head of MAİB, said in a statement released by the association.

The sector's exports also rose by 6.3% to $17.7 billion year-on-year in the last 12-month period.

Turkey's overall exports were $104.2 billion during the first seven months of 2019, according to MAİB data.

Turkey's machinery exports were $17.1 billion in 2018, while the export-to-import ratio in the machinery sector was 64%.

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