Turkey has made rapid progress on the issue of added value production, particularly in recent years. The per kilo value of exports has doubled over the last 10 years to reach $1.58. But it take a lot of effort to raise this to $3 in order to achieve the target of $500 billion in exports in 2023.
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In fact, all of the strategies are being designed according to this. The only solution is to turn to R&D and technology. So which sectors have been more successful in this regard? Which ones still have some way to go? Here are the ten-year report card and evaluation strategies for 20 sectors, from furniture to clothing, automotives and leather.
THE MOST VALUABLE SECTORS
The study, which covered 20 sectors, shows that Turkey has made rapid progress in terms of the production of value, particularly in the last ten years. Ten sectors have been able to create an increase of more than 100 percent in added value since 2002, In four of these sectors, the rate of increase is over 200 percent.
The sectors which have recorded the greatest increase in per kilo value of exports are led by clothing and jewelry, Clothing has recorded an increase of 727 per cent, Over the last ten years, the value of per kilo exports of woven fabrics has risen by 2,888 per cent, Hikmet Tannverdi, president of the Istanbul ReadyMade Garment and Apparel Exporters' Association (IHKIB), explains the success that clothing has achieved as follows: “A lot of progress has been made in recent years.
But it is not sufficient, Our 2023 target is $60 billion, In order to achieve this, we need to increase our per kilo export price from $18 at present to $50 in 2023,” Another sector with the one of the highest increases in added value over the last ten years is chemicals with a rise of 167 per cent in per kilo value of exports.