Turkey's Defense and Aerospace Exports Surge 37.5% to $4.4 Billion in 2022
Turkey's defense and aerospace exports surged by 37.5% in 2022, reaching $4.4 billion, as reported by SASAD. The sector's total revenue climbed to $12.2 billion, driven by increased demand for land systems and drones, alongside a 26% rise in research-and-development investments. The Turkish defense procurement agency aims for $6 billion in exports for 2023, anticipating continued growth from indigenous programs.
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Turkey's defense and aerospace exports increased by 37.5% in 2022, totaling $4.4 billion, up from $3.2 billion in 2021, according to SASAD. The report, released on July 13, indicated that the sector's revenue reached $12.2 billion, a 20% rise compared to the previous year.
Key drivers of this growth include demand for land systems and drones, alongside a significant increase in research-and-development investments, which rose to $2.1 billion in 2022, marking a 26% annual increase. The Turkish defense procurement agency has set an export target of $6 billion for 2023, anticipating further growth as indigenous programs move toward serial production.
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