Turkey’s ship, yacht exports up by 43 pct

Turkey’s ship, yacht exports up by 43 pct

Turkey’s ship, yacht exports up by 43 pct

Istanbul has undertaken more than 65 percent of $1.1-billion export. CİHAN photo

Turkey’s ship and yacht exports have increased by 43.5 percent, surpassing $1.1 billion in 2013 with much of its share of the trade undertaken by Istanbul.

According to data provided by the Turkish Exporters Assembly (TİM), Turkey manage to raise its ship and yacht exports despite a 3.5 percent fall in the last of 2013 as the country’s export amounted to $1,163 billion at the year-end.

Istanbul has provided 65.23 percent of the total ship and yacht production of Turkey by itself, while Yalova, another rising rival to Istanbul in manufacturing considerable amounts of marine vehicles, undertook 24.26 percent of the total production.

Around 90 percent from two cities

These two cities have produced 89.40 percent (around $1 billion) of Turkey’s total ship and yacht exports
in 2013.

The country had exported $810 million worth of ships and yachts in 2012.