Turkish arms exports to Azerbaijan grew 86% to $63 mln in 2018

PanARMENIAN.Net - The export of Turkish defense and aerospace industry products to Azerbaijan surged by 86 percent, reaching $63 million in 2018, Daily Sabah reported citing Turkish Exporters Assembly (TİM) data.

The export performance of the sector in 2018 increased by 17 percent compared to 2017, in Turkey. The industry broke its own record of $1.7 billion in November and moved the record to $2.03 billion at the end of the year.

The defense and aerospace industry, whose export performance has been hovering around $1.5 billion to $2 billion for some time, exceeded the threshold of $2 billion for the first time.

The U.S. took the lead in Turkish defense and aerospace industry exports at $726 million last year, achieving a 5 percent rise. The U.S. was followed by Germany at $226 million with an 8 percent upsurge compared to the previous year.