Turkish defense sector achieves $423M in Aug. exports

According to the Turkish Exporters Assembly, the Turkish defense and aerospace sector exported goods worth $423.03 million in August 2024.

In the first eight months of 2024, the sector saw a 9.8% increase in exports compared to the same period last year, totaling $3.738 billion. Over the past year, exports grew by 13.4% on an annual basis.

This year, the industry exported to 171 countries. In 2023, it set a record with $5.545 billion in exports. By the end of 2024, exports are expected to reach $7 billion.

These numbers highlight Türkiye’s growing influence in the global defense and aerospace market.