Turkey's 2027 Manufacturing Industry Export Target Set at $276 Billion

Within the scope of the 2027 Presidential Annual Program, it is targeted to increase Turkey's manufacturing industry exports to $276 billion and raise the share of high-tech and medium-high-tech sectors to 48.5 percent.

According to the compilation from the 2027 Presidential Annual Program, investment, financing, and R&D activities will be supported to increase technology density and high-value-added production in the manufacturing industry. In line with the program, the share of high-tech industries in manufacturing industry exports is projected to rise to 5.5 percent, and the share of medium-high-tech industries to 43 percent. Thus, while the total export share of these two groups is targeted to reach 48.5 percent, total manufacturing industry exports are expected to increase from $266.2 billion to $276 billion. Additionally, the share of the manufacturing industry in gross domestic product at current prices is aimed to be increased to 15.9 percent.

In order to support the technological transformation in production with financing, the share of medium-high and high-tech sectors in total loans is targeted to rise to 7.6 percent. While the share of these sectors in the Turkish Eximbank loan volume is projected at 45.3 percent, the share of the manufacturing industry in KOSGEB support is planned to be 90 percent for the year 2027. On the other hand, it was reported that efforts will be carried out in areas such as microelectronics, semiconductors, quantum technologies, and domestic 6G applications to develop high-tech production capacity.