Turkish defense exports surge 39% in 9 months, annualized at record
Defence affairs - Def-Geopolitics Türkiye's defense and aerospace exports surged 39% in the first nine months of this year, while annualized shipments reached a new record high, official data showed Thursday. The exports amounted to more than $574 million (TL 23.93 billion) in September alone, a 1.4% increase from a year ago, lifting the year-to-date figure to $6 billion, according to the preliminary trade figures by the Türkiye Exporters Assembly (TIM). The industry reached an all-time high of $7.2 billion last year. The figure more than tripled compared to $2.28 billion in 2020. The annualized exports exceeded $8.4 billion as of September, a new record high that marks a 40% year-over-year increase, the TIM data showed. Officials earlier said shipments would "easily" exceed $8 billion by the end of 2025. "This rise, achieved thanks to the will and strong support of our President Recep Tayyip Erdoğan, is not just a numerical success; it is also the global...
