The Turkish machinery sector, whose machinery and equipment investments have been growing continuously for the last 16 quarters, increased its total machinery exports, including free zones, by 11 percent to 28.1 billion dollars at the end of 2023.

Strengthening its presence in the global machinery industry every year, the Turkish machinery industry increased its total machinery exports, including free zones, to 28.1 billion dollars by the end of 2023. Evaluating this success achieved by the sector, Turkish Machinery Federation (MAKFED) President Adnan Dalgakıran said: “Türkiye’s increase in total machinery exports, including free zones, by 11 percent to 28.1 billion dollars in 2023, a year of worldwide stagnation, is a new success of our ongoing export focus. “This situation has strengthened our belief in our 30-billion-dollar target for 2024 despite the stagnation in an important market for us, Europe.

Dalgakıran continued his words as follows: “An important factor in the increase in exports is the increase in the sector’s average export price per kilogram, which is 6.2 dollars, to 7.2 dollars in 2023. While global inflation supports this increase, our goal of reaching the European average of 15 dollars continues with our developing R&D and innovation structure.”

“Our export focus to continue in 2024”

MAKFED President Adnan Dalgakıran said: “Considering the possible effects of Türkiye’s anti-inflation economic policies on the domestic market, it would be appropriate for the sector to continue increasing its export focus in 2024. Since there is a similar stagnation in the markets of developed countries, developments in alternative markets will be even more important in this period. Türkiye’s accession to the EU Customs Union in 1995 also brought about the necessity of harmonization with the EU Technical Legislation. This has contributed greatly to Europe becoming our largest trade partner. Partnership structures with European companies both in Türkiye and in their own countries are important for our industry. In addition, Russia, the Turkic Republics, North Africa and the