Azerbaijan has become Turkey's second-largest arms export market. Sales volumes in 2020 reached $ 260.8 million, up 194 percent from a year earlier, Defense News reported.
Turkey's defense and aerospace exports totaled $ 2.3 billion in 2020, down 14.8 percent from 2019, according to official figures.
In 2020, the defense and aerospace industries accounted for 1.3 percent of Turkey's total exports. According to TIM, the leading market for Turkish manufacturers in 2020 was the US with $ 784.2 million in sales, down 4 percent from 2019.
Turkey's loyal political ally in the Caucasus, Azerbaijan, became the second-largest export market, with sales reaching $ 260.8 million, up 194 percent from 2019.
Another major market was the United Arab Emirates, Turkey's foreign policy rival in the Persian Gulf. Turkish exports to the UAE totaled $ 200.2 million, 51 percent more than in 2019.
Over the same period, the number of defense procurement programs increased from 66 to over 700, or from $ 5.5 billion to $ 70 billion in contract value. Similarly, defense and aerospace turnover rose from less than $ 1 billion to over $ 9 billion, and exports from $ 248 million to $ 2.7 billion.
In 2020, seven Turkish companies were included in the Defense News list of the 100 largest defense companies in the world. The government said that exports of the defense and aerospace industries would be $ 10.2 billion by 2023.