Turkey’s defense industry exports rise

Thursday, March 06, 2014

Defense and Aeronautical industry increased its exports by 18.3 percent in February 2014

Defense and Aeronautical industry increased its exports by 18.3 percent in February 2014

KOCAELI – Turkey`s exports in the Defense and Aeronautical Industry reached US$107.5 million in February 2014, showing an 18.3 percent increase compared to February 2013.

Data from Turkey Exporters Assembly show that 0.9 percent of the overall exports in February was realized by the defense industry.

The U.S., United Arab Emirates (UAE) and Tunisia lead the import by 33.2 percent, 16.29 percent and 10.44 percent respectively.

The U.S., as a main customer, made imports worth US$35.7 million while Tunisia imported US$11.22 million.

Turkey`s booming exports to UAE, which was only US$0.02 million in February 2013, has now reached US$17.52 million in Feb 2014, clearly showing that Turkey has been expanding its customer portfolio.

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