Carrying out successful and custom-made projects to diminish the dependency on imported products and platforms, the Turkish defense industry has maintained its significant momentum in exports for the last couple of years. As a result of expedited research and development activities and a range of products, the Turkish defense and aerospace industry carried its export performance to the top in 2019.
According to the data obtained from the Turkish Exporters Assembly (TİM), the sector's exports soared 34.6% and hit $2.7 billion last year from $2.03 billion in 2018 – the first time defense exports surpassed $2 billion. The defense sales abroad, which totaled $360.3 million, observed the best monthly performance last year.
With the goal to decrease dependency on imported products, huge support from the public authorities and the dedication of private companies have led the industry to make significant headway in the post-2006 period. The defense and aerospace sector market had been valued at $1.3 billion in 2002 while exports were recorded at $247 million and R&D expenditures only received $49 million.
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