Turkey’s machinery exports hit $8 billion in seven months

ANKARA - Anadolu Agency

Turkey’s machinery exports rose by 5.2 percent to $8 billion in the first seven months of this year compared with the same period of last year.        

According to data from the Machinery and Accessories Exporters Union (MAIB), one of the sectors that provided the biggest increase in exports was machinery.
       
Between January and July, Germany was the top destination for Turkey’s machinery exports, while there were also significant inroads into the Russian market.        

Exports to Russia rose by 62 percent to $161 million during the same period.        

“Considering the potential for new investment in Russia, it seems appropriate to raise machine exports to higher levels,” said the MAIB’s executive board chairman, Adnan Dalgakıran.

“We believe that the increase in exports will continue in the second half of the year,” Dalgakıran added.