In the period January-June 2024, machinery exports from Turkey amounted to $13.5 billion. These figures were cited by the Machinery and Equipment Exporters Association (MAİB) on July 23.
Turkish exports to Germany, Italy, the United Kingdom, France and Spain, to which Turkey sells the most machinery products, have declined by 6.6-17.9 percent amid stagnation in Europe's manufacturing industry and lower demand from investors.
A 4% drop in shipments to the EU and 17% to other European countries during the period due to the effects of anti-Russian sanctions was offset by a 24% increase in exports to North America, 11% growth in Latin America and 14% in Asia. | BGNES
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