Production in the Turkish machinery sector has more than doubled in 10 years, and thanks to the rapid development of this sector and its capabilities, the Turkish machinery sector is a sector that increases its share in the Turkish economy and exports. The share of Turkish machinery exports is 9.3% of the total Turkish exports.
Machinery is the largest secondary sector in Turkey's exports.
Turkey exports to more than 200 countries (including free zones).
With a growing annual growth rate of 15% over the past five years, Turkish machinery exports ranked third in increasing global exports.
During the past five years, the highest increase in the Turkish machinery sector has been achieved. Machinery exports increased by 67%.
Over the past 12 years, export of machinery has increased 7-fold.
About 60% of Turkey's exports to the European Union and the United States of America.
By 2023, Turkish machinery aims to double its share in Turkey's total exports.
In recent years, the growth rates of the Turkish machinery industry have been much higher than the growth rates of the economy and industry in Turkey.
The Turkish machinery sector attaches great importance to research and development activities in Turkey, as the ratio of research and development expenditures to gross national product increases.
