Turkey`s defense industry exports value up slighly in 2015

  22 May 2015    Read: 1239
Turkey`s defense industry exports value up slighly in 2015
Turkey`s defense exports for the first four months of this year were valued at $461 million, a 1.36 percent increase from the same period last year, according to figures from the Turkish Exporters` Assembly Anadolu Agency reported
The U.S. was the largest purchaser of Turkish defense hardware with 40 percent of the country’s total defense exports, worth a total of $182 million. Other major markets were Malaysia with $54 million and the Spain, spending around $33.5 million.

The top export items were aircraft, helicopter parts, engines, armored land vehicles, speed boats, missiles, rockets, launch platforms, light weapons and electronic systems including transmitters, simulators, sensors and software.

Defense industry products make up only 1 percent of total exports, which are valued at $49 billion in the first four months of 2014.

Turkey`s exports in the defense and aviation industries combined reached $1.6 billion in 2014, up from $1.4 billion in 2013.

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