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Turkish defense sector achieves $423M in Aug. exports

Turkish defense, aerospace industry breaks export record in first half of 2024
Turkish defense, aerospace industry breaks export record in first half of 2024
September 02, 2024 04:41 PM GMT+03:00

According to the Turkish Exporters Assembly, the Turkish defense and aerospace sector exported goods worth $423.03 million in August 2024.

In the first eight months of 2024, the sector saw a 9.8% increase in exports compared to the same period last year, totaling $3.738 billion. Over the past year, exports grew by 13.4% on an annual basis.

This year, the industry exported to 171 countries. In 2023, it set a record with $5.545 billion in exports. By the end of 2024, exports are expected to reach $7 billion.

These numbers highlight Türkiye's growing influence in the global defense and aerospace market.

September 02, 2024 04:41 PM GMT+03:00
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