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Turkey s Defense Industry Exports Total $2.3B In 2020
Turkish defense, aerospace industry exports decline 16.8% last year due to coronavirus. Turkey s defense and aerospace industry exports racked up $2.3 billion in 2020.
The sector s exports declined 16.8% compared to 2019, according to data compiled by Anadolu Agency from the Turkish Exporters Assembly (TIM).
The disruption in production, supply and logistics processes due to COVID-19 restrictions and the shift of countries priorities to health measures were cited for the decline.
Turkish defense and aerospace industry s share in the country s total exports was 1.3%, while kilogram value of the sector s exports amounted to some $48.
The US was the top export market of the aviation and defense industry sectors with $784.2 million in 2020, down 4% from a year earlier. It was followed by Azerbaijan with exports worth $260.8 million, up 194% compared to 2019.
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