Record increase in defense industry exports
Defense Industry President Haluk Görgün announced the export data of the defense and aerospace sector for September and the first nine months of the year.
Quick Look
- Defense Industry President Haluk Görgün announced that defense and aerospace exports reached 634 million dollars in September and 6.9 billion dollars in the first nine months of the year.
- Exports in the last 12 months increased to 10.9 billion dollars.
AI-generated summary
Why It Matters
The defense industry is among the high value-added product group among Türkiye's export items.
Görgün made evaluations regarding the export performance of the defense industry in his post on his social media account.
Explaining that exports in the defense and aerospace industry in September increased by 10.7 percent compared to the same period last year and reached 634 million dollars, Görgün emphasized that total exports in the January-September period increased by 15.6 percent to 6 billion 926 million dollars.
Stating that exports in the last 12 months increased by 30 percent to 10 billion 941 million dollars, Görgün noted the following in his post:
"Behind these figures are our high value-added products, engineering competence, production capability and the collaborations we have developed in different geographies of the world. We continue our export-oriented work with determination under the coordination of our Presidency, and continue to increase the effectiveness of our defense industry in international markets. On behalf of our entire ecosystem, I would like to express my gratitude to our President, Mr. Recep Tayyip Erdoğan, for the support they have given to our defense industry, and I congratulate all our companies and colleagues who contributed to this success."
Open Questions
- Which subsectors have the largest share in export growth?
