Turkey’s hi-tech exports on rise: TİM

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.

Image: tim.org.tr

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