According to the TIM Export 2021 Report, exports are expected to reach $204.3 billion in 2025, $258 billion in 2030, and $330.4 billion in 2035, and it is expected to rank 28th in the global ranking, with an increase of 93% over the next 14 years.
Turkey’s exports are expected to reach $330.4 billion with an increase of 93.1% According to the Export 2021 Report, promoted today by the Turkish Exporters’ Assembly (TIM), Turkey’s total exports exceeded the target of $165.9 billion with $169.5 billion last year.
While Turkey’s share in global commodity trade exceeded 1% for the first time in history, total imports were $219.4 billion and the ratio of exports to imports was 77.2%.
Last year, the automotive sector made the most exports with $25.5 billion, followed by chemicals with $18.3 billion, ready-made clothing with $17.1 billion, steel with $12.7 billion, and electrical-electronics with $11.1 billion.
The highest exports were made to Germany with $15 billion 975 million, followed by the United Kingdom with $11 billion 237 million and the USA with $10 billion 184 million.
Last year, $521.5 million of disinfectants and ethyl alcohol, $442.8 million of masks and gowns, $103.4 million of respirators and $117.8 million of diagnostic kits were exported.
With the effect of the global epidemic, there was a serious decrease in service exports last year. Transportation fell 41% to $14 billion 268 million, tourism revenue fell 65.7% to $10 billion 220 million.
It is aimed to rise to the 28th place in the global ranking in 2035 in exports
According to the report, Turkey’s imports are expected to be $240.9 billion in 2025, $302.8 billion in 2030 and $380.6 billion in 2035. 2035 imports are expected to increase by 90% compared to 2021 and to rank 27th in the global ranking in this field.
The target for exports this year is $184 billion, with $204.3 billion in 2025, $258 billion in 2030, and $330.4 billion in 2035.
It is expected to rank 28th in the global ranking with a 93.1% increase in exports in the next 14 years.
$69.9 billion export expectations in automotive and $42.2 billion in chemicals
According to the report, the sectors with the highest exports will not change at the end of the next 14 years. The highest exports in 2035 will be made by the automotive industry with $69.9 billion. The sector’s 2025 exports are expected to be $38.8 billion and 2030’s exports to be $52.1 billion.
Exports of chemicals and products are expected to be $25.2 billion in 2025, $32.6 billion in 2030, and $42.2 billion in 2035. Ready-to-wear and apparel exports are expected to be $19.4 billion in 2025, $21.6 billion in 2030, and $24 billion in 2035.
Other sectors’ 2035 export expectations are as follows:
“Machinery and components $22.2 billion, jewelry $18.8 billion, steel $17.1 billion, iron and non-ferrous metals $15.6 billion, electrical-electronics $14.6 billion, cereals, pulses, oil seeds and products $13.9 billion, furniture, paper and forestry products $13.2 billion, defense and aviation industry $11.5 billion, textile and raw materials $10.7 billion, aquaculture and animal products $10 billion, air conditioning industry $8.6 billion, carpet $6.7 billion, unknown/hidden products $6 billion, mining products $5.9 billion, cement, glass, ceramic and soil products $4.2 billion, nuts and its products $3.1 billion, leather and leather products $3 billion, fresh fruits and vegetables $2.3 billion, fruit and vegetable products $2.1 billion, dried fruit and its products $1.8 billion, tobacco $1.3 billion, ships, yachts and services $0.9 billion, other industrial products $0.3 billion, ornamental plant products $0.3 billion, olives and olive oil $0.1 billion.”
The highest increase in exports will be experienced in defense and aviation
According to the report, the defense and aviation industry is one of the sectors that are expected to have the highest increase in exports in the next 14 years. Between 2021 and 2035, the increase in exports in this sector is expected to be 425%.
Defense and aviation is followed by aquaculture and animal products with 297%, machinery and accessories with 179%, carpet with 164%, and jewelry with 156%.
Source: AA / Translated by Irem Yildiz