HomeTechnologyTürkiyes high tech exports approach $10 Billion as growth targets set for...

Türkiyes high tech exports approach $10 Billion as growth targets set for 2025

Date:

Popular News

Minister of Industry and Technology Mehmet Fatih Kaçır acknowledged, “Our high technology exports have reached nearly $10 billion, and our medium-high and high technology exports are close to $100 billion. We will accelerate our steps to support high value-added production and exports.”

According to information compiled from TURKSTAT and the 2025 Presidential Annual Program, Türkiye’s export of medium-high and excessive expertise merchandise within the manufacturing sector has approached $100 billion over the previous ten years.

Türkiye’s export of medium-high and excessive expertise merchandise was $53.1 billion in 2013, rising to $60.1 billion in 2017. This export elevated to $77.4 billion in 2021 and reached $88.7 billion in 2022. Last yr, the export of medium-high and excessive expertise merchandise was recorded at $97.3 billion.

In the January-September interval of this yr, the export of those merchandise stood at $73.4 billion.

PRIORITY SECTORS AND HUMAN CAPITAL SUPPORT

In his evaluation of the info, Minister Kaçır defined that over the previous 22 years, they’ve prioritized insurance policies to extend funding, manufacturing, employment, and exports within the manufacturing trade centered on aggressive manufacturing.

Emphasizing that they’ve elevated the nationwide earnings from $238 billion to $1.1 trillion over the past 22 years, Kaçır famous that Türkiye, which was the 18th largest economic system on this planet in 2002, has now grown to be the eleventh largest economic system based mostly on buying energy, averaging 5.4% progress annually.

Kaçır highlighted that sectors inside the manufacturing trade have seen will increase in employment, manufacturing, commerce, added worth, and expertise ranges, naming chemical substances, pharmaceuticals-medical gadgets, equipment, electrical gear, automotive, electronics, and rail automobiles as precedence sectors.

He underlined that they’d improve excessive value-added manufacturing by means of expertise, innovation, product high quality, and effectivity, planning to spice up employment, manufacturing, and exports based mostly on excessive expertise and effectivity investments whereas strengthening human capital on this course.

TARGET OF $117.1 BILLION BY 2025

Kaçır expressed that they’d speed up structural transformation by means of industrial insurance policies aimed toward excessive value-added manufacturing, additionally aiming to extend the share of medium and excessive expertise product exports in manufacturing exports.

Pointing out that Türkiye’s excessive expertise product exports are approaching $10 billion, Kaçır continued, “Our export of medium-high and high technology products set a record last year at $97.3 billion, and this year it is at $73.4 billion after nine months. We are resolutely continuing our programs and supports to increase our exports. We expect the share of medium-high and high technology products in manufacturing exports to approach 44% next year. As stated in the Presidential Annual Program, we aim for this export to reach approximately $104 billion in 2024 and $117.1 billion in 2025.”

NEW INCENTIVE PROGRAMS AHEAD

Kaçır emphasised that they’ve made Türkiye a world manufacturing hub by growing the variety of Organized Industrial Zones (OIZs) from 191 to 362 and establishing 45 industrial zones, stating that just about 11,000 corporations are conducting expertise improvement actions in 104 technoparks.

He talked about that they’ve launched new devices for the transformation of the manufacturing trade centered on value-added manufacturing, inexperienced and digital transformation, stating, “Our annual high technology product exports, more than half of which come from the aerospace and defense industry, have exceeded $9.1 billion. With the ‘Technology-Focused Industry Initiative Program,’ which establishes a comprehensive support mechanism from R&D to mass production for high technology investments, we have mobilized investments worth 102 billion Turkish lira to date. Through our ‘Investment Commitment Advance Credit’ (YTAK) program, we provide attractive long-term financing conditions for high technology investments.”

Kaçır famous that they’ve introduced the HIT-30 High Technology Investment Program, the largest-scale incentive program in historical past, which goals to make Türkiye the tackle for brand spanking new expertise investments. “With this program, we offer project-based investment incentives alongside market development supports, attractive financing conditions, and suitable investment areas to our investors. We are rolling out new projects to support the sustainable and efficiency-focused transformation of the locomotive sectors of our economy. We will continue to introduce new incentive instruments to meet the twin transformation needs of our industrialists,” he mentioned.

Mehmet Fatih Kaçır added that they’ve included eight digital expertise areas within the venture proposal name, particularly massive information, the Internet of Things, industrial robotic applied sciences, good sensor applied sciences, AI-based cyber-physical good manufacturing unit programs and elements, cybersecurity, good and versatile automation programs, and digital/augmented actuality.

Source: www.anews.com.tr

Latest News

LEAVE A REPLY

Please enter your comment!
Please enter your name here