Turkish defence and aviation industry exports increase by 1.4 percent in 2016, reach $ 1 billion 677 million, according to export figures revealed by the Turkish Exporters Assembly (TİM).
According to data, one-third of last year’s exports worth about $587 million were received by the United States. The U.S. was followed by Germany with $185 million, Malaysia with $99 million and Azerbaijan with $83 million.
Meanwhile, India showed some remarkable interest on Turkish defence and aviation products as its import figures of $235,000 in 2015 grew exponentially to reach $47 million in 2016. The United Kingdom, United Arab Emirates, Qatar, Saudi Arabia and Tunisia were also among the other countries importing Turkish defence and aviation goods.
Highest unit price
According to TİM data, the unit price of defence and aviation industry exports was $ 27.7. This level was recorded as one of the highest unit prices when compared to other sectors. The export unit price of total industrial products was $ 1.78, while the automotive was 6.58 and the electric-electronics-service sector was $ 4.9. Within the total industry, defence industry was the sector that exports with the highest unit price after jewelry.