Turkish Defense & Aerospace Industry Exports to Surpass US$3 Billion in 2021

Tarih: Issue 111 - December 2021

Turkey has managed to quadruple its defense and aerospace exports in the last 10 years and currently it exports 228 different types of defense industry products to 170 countries around the world. Turkey targets becoming a top six country in the world in terms of defense and aerospace exports.  

Having closed the year 2020 with export revenue of US$2.279 billion, which represents a 16.8% decrease in exports of defense and aerospace products compared to 2019, the Turkish Defense and Aerospace Industry has managed to increase its exports with considerable figures during January 1st -November 30th, 2021. Meanwhile in November Turkey’s total exports hit an all-time high with US$21.5 billion, which reaches US$203 billion during the period January 1st – November 30th, 2021.