Minister Bolat announced: Türkiye is shifting gears in exports: 450 billion dollar target!

Minister of Commerce Prof. Dr. Ömer Bolat evaluated Türkiye's foreign trade performance, new opportunities in global trade and future targets at the "Our Foreign Trade Policy in the Turkey Century" conference organized by the Anatolian Lions Businessmen Association (ASAD) in Istanbul.

Stating that they are working under the leadership of President Recep Tayyip Erdoğan to make Türkiye one of the leading countries in global trade with a vision ranging from production to exports, from investments to commercial diplomacy, Bolat drew attention to the gains achieved in foreign trade.

Türkiye's goods exports reached 283.7 billion dollars

Sharing data on Türkiye's export performance, Bolat reported that goods exports, which were 36.1 billion dollars in 2002, increased to 273.4 billion dollars in 2025.

Stating that goods exports increased by 5.2 percent in the first nine months of 2026 compared to the same period of the previous year and reached 211 billion dollars, Bolat stated that as of September 2026, annualized goods exports reached the highest level in the history of the Republic with 283.7 billion dollars.

SERVICE EXPORTS INCREASED TO 124.9 BILLION DOLLARS

Emphasizing that there has been a significant increase in Türkiye's service exports, Bolat stated that service exports, which were 14 billion dollars in 2002, increased to 124.9 billion dollars in 2025.

Bolat stated that the share of medium-high and high-technology products in manufacturing industry exports was increased from 30.4 percent to 43.5 percent. He pointed out that this development is important for Türkiye's goal of increasing its value-added and technology-intensive production capacity.

49.6 BILLION DOLLARS SUPPORT TO EXPORTERS THROUGH EXIMBANK

Noting that efforts to strengthen exporters' access to finance are continuing, Bolat announced that 49.6 billion dollars of support was provided to exporters as of September 2026 through Türk Eximbank.

Stating that exporters' access to finance has been strengthened in order to further Türkiye's gains in foreign trade, Bolat said; He stated that encouraging value-added and technology-intensive production, expanding free trade agreements and increasing access to new markets through commercial diplomacy activities are among the priorities.

450 BILLION DOLLAR EXPORT TARGET FOR 2029

Pointing out that protectionist tendencies and uncertainties are increasing in the global economy, Bolat stated that Türkiye will continue to progress in foreign trade by strengthening its production power, entrepreneurial business world and strategic vision.

Bolat noted that they aim to increase exports of goods and services to a total of 450 billion dollars for 2029.

Emphasizing that the Turkey Century vision is built on the goal of more production, stronger exports, higher technology and a more effective Turkey in global trade, Bolat stated that efforts to increase Türkiye's production and export capacity will continue with determination.