Capital Sets Record $10.8 B Exports in Seven Months: A Sectoral Surge

Turkey tops the market with a record $10.8 billion in seven months, as Ankara’s export boom highlights sectoral dynamism.

Turkey’s Export Star: Capital’s Record Growth

Ankara’s January‑July 2024 exports hit $7 billion 586 million, expected to rise to $8 billion 771 million in 2025. This marks a 23.4 % increase over the same period last year, making it the highest January‑July export figure for the capital at $10 billion 811 million.

Sectoral Innovation: From Electronics to Ornamentals

■Electrical & Electronics: $1 billion 253 million 66 thousand

■Automotive Industry: $1 billion 166 million 976 thousand

■Chemical Products & Commodities: $1 billion 56 million 998 thousand

■Machinery & Components: $1 billion 40 million 346 thousand

The fastest growing sector, Ornamental Plants & Commodities, surged 487.2 % to $1 billion 253 million 66 thousand. It was followed by hazelnuts & commodities (92.4 %), electrical & electronics (73.8 %) and cement‑glass‑ceramics‑clay products (35.3 %).

U.S., Europe and China: Capital’s Export Targets

■United States: $865 million 739 thousand

■Slovakia: $786 million 748 thousand

■Ukraine: $736 million 761 thousand

■United Kingdom: $725 million 326 thousand

■China: $704 million 855 thousand

This distribution underscores Turkey’s focus on U.S. and European markets, with China as a secondary key partner.

Economic Outlook: Year‑to‑Date Export Trends

■January‑July 2023: $6 billion 879 million

■January‑July 2024: $7 billion 586 million

■January‑July 2025: $8 billion 771 million

■Overall export growth (2023‑2024): 3.4 %

Turkey’s export performance, driven by inter‑sectoral shifts and market diversification, signals sustainable growth potential. The rapid uptick in ornamental plants and electronics enhances export quality and competitiveness, offering fresh avenues for investors.