Turkey's machinery export sector continues to demonstrate strength and resilience, achieving a remarkable $15.8 billion in exports during the first seven months of 2024, according to the Machinery Exporters Association (MAIB). Despite a modest 2.2% dip compared to last year, the sector bounced back with a robust 10.4% growth in July, underscoring its significant role in international trade.
Over the past 12 months, machinery exports have totaled $27.8 billion, with only a slight decrease of 0.9%, showcasing the sector's stability amid global economic fluctuations. MAIB President Kutlu Karavelioğlu emphasized that the average export value per kilogram reached an impressive $7.40, significantly above the national average, highlighting Turkey's competitive edge in the global market.
The machinery sector also recorded an 11.1% increase in exports to the U.S., reinforcing Turkey’s strong trade relations and expanding its footprint in key international markets. This steady performance underscores the sector’s vital contribution to Turkey's overall trade and economic prosperity, even amidst challenging global conditions.
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