The Ministry of Commerce announced that the logistics transportation sector, with a market size of $100 million, has a 2.5% share of the global logistics market and ranks 11th in the world.
In the statement made by the Ministry, it was stated that, based on the fact that global trade is accelerating day by day, activities for the logistics and transportation sector have been accelerated in order to make the best use of Turkiye’s geographical advantage and to increase goods exports and foreign trade, which are one of the sectors with the highest foreign exchange earning service revenue.
Regarding Turkiye’s logistics and transportation sector, “Our logistics and transportation sector has a 2.5% share of global logistics exports with a market size of $100 billion and ranks 11th in the world. It has a share of approximately 40% in our total service exports, that is, an export of $40 billion, and its share in our service exports is increasing every year. While our country ranked 47th with 3.15 points in 2018 in the logistics performance index ranking measured by the World Bank, it rose to 38th place with 3.4 points in 2023. As stated in the 12th Development Plan, our goal is to rise to the 25th place in 2028.”
$40 billion of exports were achieved
Referring to the investments in the logistics and transportation sector, the statement said, “One of our investments in the logistics and transportation sector, which constitutes one of the most important pillars of the services sector, is the Support of Foreign Logistics Distribution Networks (YLDA) Project. With the YLDA Project, beyond just supporting a center and its elements, international logistics networks, which are an important component of the supply chain, are handled and supported as a system from start to finish. 24 applications were made to our Ministry of Commerce, and a total of 6 projects were approved, 2 of which were American-based and 4 were Europe-based. In investments in the sector, 5 brands are supported in the Branding Program and 6 brands in the TURQUALITY Program, and a national participation organization was organized in the most important fairs of the sector in Spain, Germany and Poland in 2023, with the support of our Ministry of Commerce and the subsidiaries of our companies. Approximately ₺395 million support has been provided to the sector by the Ministry of Commerce in 2023. In 2023, our logistics and transportation sector has provided significant value to our country’s economy with exports of $40 billion.”
Stating that the Ministry of Commerce has put into effect new support packages that have never been provided before for the logistics and transportation sector, “Thus, our companies operating in the sector have started to benefit from these supports for the first time. It is aimed to further expand the scope with different support items in the coming period. We will continue to continue our strategic road map and support efforts in 2024 in cooperation with sector stakeholders to ensure that sector exports continue to increase.”
Source: Trthaber / Prepared by Irem Yildiz