Technology exports from Turkey jumped nearly 40 cent year-on-year to over $5bn, while startup investment in Turkey has also increased, figures show.
The disclosure of the figures comes as Turkey brings a large national delegation to London Tech Week, which is running this week.
The value of Information and Communications Technology (ICT) exports out of Turkey hit approximately $5.3 billion in 2024, up 37.8 per cent year-on-year, according to figures from KPMG. The figures are the latest full-year figures available.
ICT exports include software products, IT services, telecommunications services, digital solutions, hardware and equipment exported to markets including the EU, its primary market, Asia, North America and the Middle East and North Africa.
According to the Turkish Investment and Finance Office, the reason for the increase in ICT exports was attributed to a large and growing R&D ecosystem, growing numbers of technology companies and technoparks in Turkey and an increasing engineering workforce, with a large share of its workforce under 35.
