Turkey defense industry exports up 48 pct

Turkish defense industry exports increased by 48.2 percent in January reaching $107.5 million, according to a national association of exporters.

Turkey defense industry exports up 48 pct
World Bulletin / News Desk
 
Turkish defense industry exports in January this year were valued at $107.5 million, marking an increase of 48 percent from the same month a year earlier, according to the Turkish Exporters’ Assembly (TIM) on Wednesday.

Exports for January 2013 were valued at $72.53 million.

Turkey's defense industry exports in January accounted for just 0.9 percent of Turkey's total exports - worth a total of $12 billion in the month.

TIM's data shows that the United States, the world’s top defense industry manufacturer, topped the list of export destinations with $46.2 million for Turkish manufacturers in January.

Other major markets were Qatar with $18.1 million and Spain with $6.8 million.

The country's top export items in 2013 were aircraft, helicopter parts, engines, armored land vehicles, speed boats, missiles, rockets, launching platforms, light weapons and electronic systems including transmitters, simulators, sensors and software.

Turkey’s weapon imports rose to $1.2 billion in 2012, up from $900 million the previous year, putting it in fourth place after India, China and the United States, respectively, according to data recording major arms transactions worldwide collected by the Stockholm International Peace Research Institute.

Last Mod: 05 Şubat 2014, 16:10
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