Türkiye's machinery exports surged 4.5% year-over-year to $9.3 billion (TL 424.74 billion) in the first four months of the year, according to a report on Sunday citing data from the Machinery Exporters' Association (MAIB).
Including free zones, the consolidated exports of the machinery manufacturing industry totaled $9.3 billion during the January-April period.
While machinery export volumes declined by 6.7% in the period, the average export price per kilogram rose 12% to $8.60, resulting in an increase in export value, the report by Anadolu Agency (AA) said. As a result, the sector generated an additional $350 million in revenue compared with the same period last year.
Accordingly, annualized consolidated machinery exports rose 1.3% to $29.1 billion, while imports increased by 8.2% to $47.2 billion.
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