Mechanical engineering continues to be one of the most important engines of growth in the Turkish economy. This sector plays a crucial role in the development of Turkey's wider manufacturing industry, mainly due to its ability to produce and deliver semi-finished products and inputs to key sectors such as construction, energy, textiles, agriculture and mining. The engineering sector in Turkey is well-known for its high added value and its high share of research and development services - in Turkey more than 450,000 engineers graduate every year. The industry's export / import share has reached 52 percent and local sourcing accounts for around 85 percent of all inputs at the production level.
• The total export value of the machinery industry reached $ 13.4 billion in 2016, compared to $ 5.2 billion in 2005.
• The annual growth rate of exports of machinery was 9 percent between 2005 and 2016, better than the total export growth rate of Turkey over the same period.
• Turkey's fourth largest export industry, accounting for 9 percent of total exports, Turkish machine products are delivered to more than 200 countries.
• 60 percent of total machine exports go to EU countries and the USA.
• Total mechanical engineering imports totaled over $ 26 billion in 2016, compared to an average annual growth of 10.3 percent in the last decade, underscoring strong domestic demand.
• The FDI inflow into mechanical engineering is a significant source of total FDI inflow, accounting for about 20 percent of total FDI in mechanical engineering between 2005 and 2015.
• Mechanical engineering R & D spending reached $ 600 million in 2014 - nearly 10 percent of Turkey's total R & D expenditure.
The competitiveness of Turkey in the machinery sector is strengthened by the favorable operating costs and important development-promoting factors. Operational costs include competitive labor costs, cost-effective and reliable energy supplies, and logistical benefits based on Turkey's geostrategic location. Developmental factors include skilled labor, generous investment incentives, an innovation-driven infrastructure, a strong supplier base and domestic clusters.
COUNTRY, CITY, REGIONS
▸ Company Locations and Countries
Turkey - Istanbul
1. Region Mediterranean Region 2. Eastern Anatolia region 3. Aegean region 4. Southeast Anatolia region
5. Central Anatolia region 6. Black Sea region
7. Marmara region