Turkish aerospace and defence exports decline 16.8% in 2020

by Kerry Herschelman

Turkey’s total aerospace and defence exports declined by 16.8% in 2020 to USD2.27 billion, compared with 2019’s USD2.74 billion, according to figures disclosed by the Turkish Exporters Assembly (TİM) on 5 January.

Exports for December 2020 declined by 3.2% to USD279.51 million compared to USD288.64 million in December 2019.

An unknown amount of the total defence and aviation exports for 2020 include exports in the civil aviation market, which has been severely affected by the Covid-19 pandemic.

The Bayraktar TB2 UAV was one of the most prominent Turkish exports in 2020. (Baykar)

The Bayraktar TB2 UAV was one of the most prominent Turkish exports in 2020. (Baykar)

The aerospace and defence industry’s share in the country’s total exports in 2020 was 1.3%.

The United States was the leading destination in 2020, with aerospace and defence exports valued at USD784.22 million, down by 4% from 2019. It was followed by Azerbaijan with exports worth USD260.83 million, up by 194% compared to 2019.

Turkey’s exports to the United Arab Emirates in the defence and aviation sector posted the third-most significant increase with 51%, reaching more than USD200.28 million. Turkish aerospace and defence exports to Germany were valued at USD157.68 million, down by 38.6% from 2019, followed by India at USD127.26 million with a 213.2% decline.

Already a Janes subscriber? Read the full article via the Client Login
Interested in subscribing, see What we do

Share

https://www.janes.com/defence-news/news-detail/turkish-aerospace-and-defence-exports-decline-168-in-2020_14704

Turkey’s total aerospace and defence exports declined by 16.8% in 2020 to USD2.27 billion, compared ...

Related news

Request Consultation

Request a free consultation to discover how Janes can provide you with assured, interconnected open-source intelligence.

Details