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Türkiye in the last 20 years. Total export volume increased by almost
sevenfold from $36 billion to $254 billion, and the number of products with
export value over $1 billion increased by almost sixfold from 9 to 53. The
progress exhibited in export terms underscores the increasing significance of
Türkiye in the international production network and global value chains. With
approximately $255 billion worth of exports in 2022, Türkiye achieved an all-
time high in history.

Bussiness and financial district of Levent, which comprises banks' headquarters and
popular shopping malls, is pictured in Istanbul.
The geostrategic location of Türkiye not only attracts international investors for
manufacturing and exporting but also for conducting high-quality services.
Well-known multinationals such as Boeing, Unilever, GE, Bosh, Cargill, Ford,
to name just a few, have established R&D centres, training centers, IT centers
and regional headquarters in Türkiye, engaging in high value-added services.

While witnessing a steady growth in the domestic ICT market, Türkiye has
been penetrating international ICT markets, which consists of service,
software, hardware, and equipment subsectors. Total exports in the ICT
sector from Türkiye have more than doubled from $655 million in 2014 to $1.8

https://www.khaleejtimes.com/supplements/uae-and-turkiye-elevating-relations-to-the-level-of-a-
strategic-partnership