According to the Machinery Exporters Association (MAİB), 11-month machinery exports remained unchanged compared to the same period in 2023, reaching $25.8 billion. While exports in terms of tonnage fell during this period, revenues were generated in the same period last year through a 4 percent increase in average export prices per kilogram.
Exports fell 3.7 percent in November compared to the same period last year, falling to $2.3 billion.
Since machinery imports fell by 2.6 percent on an annual basis, the deficit in foreign machinery trade fell to $15.9 billion. While the Tractors and Agricultural Machinery group, whose 10-month imports fell by 21.4 percent, was among the sectors with an export surplus, the Air Conditioning and Systems group, whose imports rose by 15 percent, began recording a deficit .
“The new era in Syria brings more responsibility than opportunity for our sector”
Machinery Exporters Association President Kutlu Karavelioğlu, whose views were included in the statement, drew attention to the conflicts and uncertainties on the global stage and addressed the possible problems that would be caused by the policies announced by the President-elect of the United States, Donald Trump.
Stating that there is a possibility of a departure from fiscal discipline in the European Union, a loss of fossil energy due to the green transformation process and a rapid reduction in natural gas reserves, which will lead to a new energy crisis, Karavelioğlu stated that the EU's competitiveness remains melt.
Stating that industrial production has declined in Germany, which accounts for a crucial share of Turkey's machinery exports, Karavelioğlu said, “Political uncertainty in Germany and France is having a negative impact on the industry. We expect the weakening of the euro to continue for a while.”
Stating that the realization of a stable democracy in Syria will have a positive impact on Turkey's heavy-duty and construction machinery sector, which Turkey has developed especially in the post-earthquake period, Karavelioğlu gave the following information:
“The machinery needed to revive many forms of activity and light industry, some of which have disappeared in Syria, is financed by many countries and institutions, including grants. However, we believe that social integration, historical ties and close proximity.” Relationships bring more responsibility than opportunity to our sector. Although it is still too early for speculation, the assumption that Syria, which today conducts two-thirds of its foreign trade with Turkey, will be as important a buyer for our rivals as Iraq and Russia is the best option, the natural superiority of Turkish machines also be implemented in neighboring regions. It has to be built.
“We will have made up some ground on imports in 2024”
Emphasizing that they expect to end 2024 with a production decline of around 8 percent and exports of around $28 billion at the same level as last year, Kutlu Karavelioğlu said, “We will have gained some ground against imports. he said.
Stating that the prevailing opinion is that the stagnation in the domestic market will continue for a while, Karavelioğlu said: “In this period, which is of great importance for anti-inflation policies, increasing the minimum wage will be the most critical issue for many sectors. “The sentence to be announced is of great importance for maintaining business and labor peace in our sector: “He will be one of the actors who should and will best manage the process,” is his assessment delivered.
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