Turkey exceeds annual export target with $283.7 billion total

At the 13th Turkey Innovation Week, Trade Minister Ömer Bolat announced that Turkey has already exceeded its year-end export target. As of September, annualized exports reached $283.7 billion, surpassing the $282 billion goal by $1.7 billion.

Bolat highlighted Turkey's economic resilience, noting that the country has maintained continuous growth for 16 years, reaching a national income of $1.7 trillion and a per capita income of $18,300. He emphasized that despite regional conflicts and security challenges, the nation has preserved economic stability and managed its current account deficit consistently over the last 3.5 years.

Regarding technological shifts, the Minister noted that the share of high-technology product exports has risen to 43.7%. He also pointed to the potential of artificial intelligence, suggesting it could increase global trade by 40% by 2040, and stressed the importance of R&D, branding, and design in maintaining value-added growth.