Turkey Reaches USD2 Billion Defence Export Target

Turkey reached its target of generating USD2 billion in defence and aerospace exports in 2018, representing a year-on-year (y/y) increase of 17%.<br />The government was vocal of its aim to reach this target throughout the year as it focused on the exportability of its defence wares, which totalled USD2.04 billion by the end of 2018, Turkish news agency...

Turkey reached its target of generating USD2 billion in defence and aerospace exports in 2018, representing a year-on-year (y/y) increase of 17%.

The government was vocal of its aim to reach this target throughout the year as it focused on the exportability of its defence wares, which totalled USD2.04 billion by the end of 2018, Turkish news agency Anadolu Agency reports.

The defence and aerospace industry represented the strongest growth of all industry sectors in Turkey in 2018, the agency added, with the country reporting a record USD168.1 billion in total for exports over the year, which represented a 7.1% y/y increase.

Source: www.janes.com