Exports of medium-high and high-tech manufacturing trade merchandise from Türkiye approached near the $100 billion determine in 2023, in accordance with the information compiled by Anadolu Agency (AA) from the Turkish Statistical Institute (TurkStat) on Monday.
The exports had been realized at $97.2 billion, the information confirmed, and the share of medium-high and high-tech manufacturing trade merchandise within the nation’s general exports stood out on the forefront.
Türkiye’s exports reached a 3rd straight annual peak to a complete of $255.8 billion in 2023, a 0.6% year-over-year improve from $254 billion in 2022.
The manufacturing trade exported $5.9 billion of high-tech merchandise in 2019, $5.4 billion in 2020, $6.4 billion in 2021, $7.4 billion in 2022, and $9.1 billion in 2023.
Exports of medium-high know-how merchandise had been $62.2 billion in 2019, although the determine declined to $57.3 billion in 2020 throughout the pandemic, then went up once more to $71.9 billion in 2021. They picked up additional to $81.2 billion in 2022, and $88.9 billion in 2023.
Accordingly, the whole of medium-high and high-tech merchandise stood at $68.2 billion in 2019, $68.2 billion in 2020 and $77.4 billion a 12 months after.
In 2022, this determine picked as much as $88.6 billion and reached $97.2 billion in 2023.
The share of medium-high and high-tech merchandise in whole manufacturing trade merchandise was calculated at 39.9% in 2019, 39.3% in 2020, 36.4% in 2021, 36.9% in 2022, and 40.3% in 2023, up 3.4 factors.
Ankara stands out in manufacturing
Despite the current improve, the share of high-tech merchandise in manufacturing exports remained under the world common in Türkiye, Seyit Ardıç, chairperson of the Ankara Chamber of Industry (ASO), advised AA, evaluating the information.
“Defense and aerospace products make more than half of the high-tech exports,” as they made “nice strides in years previous,” Ardıç mentioned.
He talked about that the capital Ankara stands out in high-tech product manufacturing in comparison with different cities because of its strategic location within the nation.
“Ankara stands out with its energy in sectors equivalent to equipment, drugs, transportation, electrical and the protection trade. Our capital metropolis has nice potential in high-tech manufacturing, and the added worth of manufacturing has been rising quickly lately; nevertheless, increasing the usage of excessive know-how to incorporate our conventional sectors, growing our product range and buyer differentiation in overseas markets will take our exports to the following stage.”
Source: www.dailysabah.com