Turkiye’s Machinery Exports Reach $13.7 Billion in H1 2023

In the first half of 2023, Turkiye’s machinery exports generated $13.7 billion, representing a 0.3 percent increase from the same period in the previous year. This growth highlights the resilience of the machinery sector amid fluctuating global market conditions.

Leading Importers of Turkish Machinery

The Turkish Machinery Exporters’ Association released data showing that Germany was the largest importer of Turkish machinery, with imports valued at $1.5 billion. Following Germany, the United States imported $871 million worth of machinery, while Italy ranked third with imports totaling $593 million. These figures underscore the strong demand for Turkish-made machinery in key international markets.

Overall Export Performance

According to additional data from the Ministry of Trade and the Turkish Exporters Assembly, Turkiye’s total exports for the first half of 2023 reached $131.44 billion. This figure reflects a notable 4.1 percent increase compared to the first half of 2022. The growth in overall exports indicates a positive trend for Turkiye’s economy and its position in global trade.

The machinery sector’s performance is critical for Turkiye, as it plays a significant role in the nation’s economic landscape. As the country continues to enhance its manufacturing capabilities, the focus on maintaining strong relationships with major importing countries will be essential for sustaining growth in the coming quarters.