Turkey’s machinery exports rose 5.2% in January-February as international buyers turned to the country due to coronavirus, according to an exporters group on Tuesday.
The country’s machinery exports hit $2.9 billion in the first two months of this year, the Machinery Exporters’ Association (MAIB) said in a statement.
Kutlu Karavelioglu, the group’s head, said: “Medium-term transition will affect manufacturers in Turkey.”
He underlined the sector’s exports to Germany, the U.S., Italy and France increased in the last two months as the coronavirus outbreak slowed down economic activity globally.
“The machinery exports to Russia jumped 45% and it is likely