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Caspian Energy Journal Caspian European Club
Wednesday, 22 January 2014 15:30

Machinery exports from Turkey to Germany up

 

Turkey's machinery exports to Germany, the country with the strongest machinery and equipment industry in Europe, rose by 5.6 percent to $2.16 billion in 2013 from $2.05 billion in 2012. According to data from Turkey's Machinery and Accessories Exporters Union (MAIB), machinery exports grew faster than Turkey's total exports. Meanwhile, the country's total machine exports also increased by 8 percent in 2013, to $13.99 billion, compared to about $12.96 billion in the 2012, Caspian Energy News (www.caspianenergy.net) reports with reference to the press service of the Ministry of economy of the Republic of Turkey.

"Germany is a market where quality products fiercely compete. Thus, having increased our machinery exports to this country is a key development," said Adnan Dalgakiran, MAIB's executive board chairman. Turkey aims to export $16 billion worth of machinery -- a 15 percent increase in overall export of such items -- by the end of 2014, said Dalgakiran. Following Germany, the countries where Turkey exported most of its machinery products in 2013 were United Kingdom with $921 million, US with $823 million, Russia with $769 million and Iraq with $697 million. France and Italy followed with $572 million and $518 million, respectively, data showed. Germany, US, China, Japan and Italy are the leading machinery suppliers, and these five countries control 51 percent of the world machinery market. According to the Turkish Statistical Institute (TurkStat), Turkey's total export volume was $151.7 billion in 2013.

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