The hi-tech products’ share in Turkey’s overall exports reached 3.4 percent in the first eight months of 2020
İsmail Gülle, The Chairman of the Turkish Exporters’ Assembly (TIM), said Turkey’s high technology exports kept rising in recent years in many fields. Among products are wristwatches, air vehicles, cardiac pacemakers, medicines, aircraft parts, medical devices, optical devices, and electronic circuits, according to Hürriyet Daily News.
The hi-tech products’ share in Turkey’s overall exports reached 3.4 percent in the first eight months of 2020, from 3.2 percent during the same period of 2019. The rate was also 3.2 percent in August versus 3 percent in August 2019, according to the Turkish Statistical Institute’s data (TÜİK).
What about R&D expenses?
“The total exports of our high value-added products, with a value of more than $10 per kilogram, increased in September, these products’ exports were $3.64 billion in September 2019 and reached $4.09 billion in the last month with a 12 percent raise,” said Gülle. He said that while the export value per kilogram in the defense and aviation sector is more than $60, this value is around $15 in ready-to-wear. In automotive, Turkey’s largest export field, the value per kilogram is $7, he added.
On the other hand, the average R &D expenses among the country’s first 1,000 largest exporters is larger than the country’s overall firms’ R &D expenses, he emphasized every 1-unit increase in R &D expenditure provides an increase of 0.24 units in exports.
Would you like to support TR Technews?
I’m running Turkishtechnews.com, a website on tech developments from Turkey. I will be covering subjects ranging from startups to gadgets, digital economy to social media. I’m keen on new technologies as well. On top of those, I’m interested in drama and cinema, with one short and one long film script and three plays. Holding a B.A degree in English Language and Literature, I’m a tech journalist with 15 years of experience.
The reason why I’m here is to produce good quality journalism and try to remain independent as much as possible. Currently, journalism is torn between vague relationships between brands and journalists, not only in Turkey but also globally. Under such circumstances to remain independent is crucial and I need your support to do so.