## Exports of complete elevator systems and components reached 162 million 18 thousand 406 dollars in the January-June period of 2024.

Turkey's elevator industry exporters exported 50 million 729 thousand 308 kilograms of elevator systems and components in the January-June period of 2024, achieving a value of 162 million 18 thousand 406 dollars. Turkey's elevator sector exports decreased by 13.7 percent in January-June 2024 compared to the same period of the previous year.

2024 export data for the first half of the year revealed Turkey's export performance and economic growth. According to the general trade system, exports increased by 2.6 percent compared to the January-June period of the previous year and amounted to 126 billion 278 million dollars, while imports decreased by 8.4 percent to 168 billion 869 million dollars.

In the January-June period, foreign trade deficit decreased by 30.5 percent from 61 billion 325 million dollars to 42 billion 591 million dollars. While the ratio of exports to imports was 66.8 percent in the January-June period of 2023, it increased to 74.8 percent in the same period of 2024.

The Turkish elevator industry, which has an important position in the Turkish economy, declined in exports. Turkish elevator industry exporters exported 50 million 729 thousand 308 kilograms of elevator systems and components in the January-June period of 2024, achieving a value of 162 million 18 thousand 406 dollars. This figure was realized as 187 million 828 thousand 549 dollars in the same period of 2023. The export value of the Turkish elevator sector decreased by 13.7 percent in the January-June period of 2024 compared to the same period of the previous year.

In the first 6 months of 2024, the elevator sector exported 162 million 18 thousand 406 dollars worth of exports, as well as a total of 51 million 776 thousand 812 dollars worth of foreign purchases in complete elevator systems and components. In the same period of 2023, the total import value of the Turkish elevator sector was 59 million 373 thousand 289 dollars. The elevator sector, which is one of the rare sectors of Turkey's foreign trade surplus, added 110 million 241 thousand 594 dollars of surplus value to the Turkish economy by producing foreign trade surplus again in the January-June period of 2024.

85 million 567 thousand 794 dollars of the total export value of 162 million 18 thousand 406 dollars made by the elevator sector in January-June 2024 was obtained from package elevator and 76 million 450 thousand 612 dollars was obtained from component exports. Compared to the same period of 2023, in the January-June period of 2024, package elevator exports decreased by 16 million 722 thousand 285 dollars and component export value decreased by 9 million 87 thousand 858 dollars.

In the first 6 months of 2024, the elevator sector earned 3.19 dollars per kilogram from 50 million 729 thousand 308 kilograms of exports on quantity basis. The sector earned 3.81 dollars per kilogram from 22 million 439 thousand 200 kilograms of package elevator exports in the said period, while 28 million 290 thousand 108 kilograms of component exports earned 2.70 dollars per kilogram. In the January-June period of 2024, the export value of the Turkish elevator sector decreased by 13.7 percent compared to the data of the same period of 2023, from 187 million 828 thousand 549 dollars to 162 million 18 thousand 406 dollars. In the first 6 months of 2024, the import value also decreased compared to the same period of the previous year. The total import value, which was 59 million 373 thousand 289 dollars in the January-February period of 2023, was 51 million 776 thousand 812 dollars in the same period of 2024.

The kilogram value of the total imports of the elevator sector in the first 6 months of 2024 was 4.3 dollars.

**- The elevator sector gave a foreign trade surplus of 110 million 241 thousand 594 dollars in the January-June period of 2024.**

In the January-June period of 2024, the sector added 110 million 241 thousand 594 dollars of surplus value to the Turkish economy with its imports worth 51 million 776 thousand 812 dollars, despite its exports worth 162 million 18 thousand 406 dollars in foreign trade.

**Package elevator exports declined by 16.3 percent**

The complete elevator system exports of the elevator sector in the January-June period of 2024 decreased by 16.3 percent compared to the same period of the previous year. The sector, which exported 102 million 290 thousand 79 dollars worth of complete elevator systems in the January-June period of 2023, obtained 85 million 567 thousand 794 dollars from complete elevator system exports in the same period of 2024.

**The value obtained from exports of complete elevator systems to the Russian Federation fell 35.5 percent**

Exports to the Russian Federation, the most important market among the countries where the Turkish elevator industry exports complete elevator systems, decreased by 35.5 percent in the first 6 months of 2024 compared to the same period of the previous year. In the first 6 months of 2023, the Russian Federation, which bought 33 million 181 thousand 545 dollars worth of complete elevator systems from Turkey, exported 21 million 373 thousand 436 dollars worth of package elevators in the same period of 2024.

**Uzbekistan's suspension of elevator imports was also reflected in the figures**

Starting on March 20, 2024, after the decision restricting elevator exports to Uzbekistan, the Turkish elevator sector's complete elevator exports to Uzbekistan decreased by 80 percent in the first 6 months of 2024 compared to the same period of the previous year. In the January-June period of 2023, 3 million 238 thousand 713 dollars worth of complete elevator systems were exported to Uzbekistan worth 653 thousand 585 dollars in the same period of 2024.

In the first 6 months of 2024, the Russian Federation ranked first with a value of 21 million 373 thousand 436 dollars in the ranking of the top 10 countries where the most complete elevator system exports were made in the first 6 months of 2024; Algeria with an export value of 13 million 665 thousand 140 dollars (2023 first 6 months: 14 million 388 thousand 520 dollars), 5 million 46 thousand 793 dollars (2023 first 6 months: 4 million 459 thousand 66 dollars) export value with Ukraine, 3 million 443 thousand 131 dollars (2023 first 6 months: 4 million 19 thousand 1 dollars) export value with Iraq, 2 million 905 thousand 916 dollars (2023 first 6 months: 3 million 858 thousand 527 dollars) export value with Georgia, 2 million 530 thousand 458 dollars (2023 first 6 months: 2 million 746 thousand 856 dollars) export value with B. A.E, Israel with 1 million 971 thousand 171 dollars (2023 first 6 months: 4 million 775 thousand 471 dollars) export value, Kosovo with 1 million 946 thousand 572 dollars (2023 first 6 months: 1 million 616 thousand 711 dollars) export value, Tunisia with 1 million 675 thousand 21 dollars (2023 first 6 months: 1 million 905 thousand 846 dollars) export value, Libya with 1 million 93 thousand 668 dollars (2023 first 6 months: 1 million 191 thousand 331 dollars) export value.

France, Belarus, Denmark, Bosnia and Herzegovina, Spain, Sudan, Oman, Bangladesh, Bulgaria, Azerbaijan, North Macedonia, Saudi Arabia, Kuwait, Malta, United Kingdom, Iran, Morocco, Turkmenistan, Serbia, Nigeria, Germany, Qatar, Albania, Poland, Romania, Australia continued to be important complete elevator systems markets of the Turkish elevator industry in the January-June period of 2024.

**- Complete elevator system imports increased**

Imports of complete elevator systems in the January-June period of 2024 increased by 8 percent compared to the same period of 2023. While 35 million 815 thousand 510 dollars worth of complete elevator systems were imported in the January-June period of 2023, this figure was 38 million 886 thousand 46 dollars in the same period of 2024. In the first 6 months of 2024, the unit price per kilogram of complete elevator system imported was recorded as 4.35 dollars.

29 million 257 thousand 297 dollars of elevator imports worth 38 million 886 thousand 46 dollars in the first 6 months of 2024 were imported from China. In the countries where the most elevators were imported, China was followed by Italy with 2 million 301 thousand 855 dollars, Spain with 1 million 827 thousand 258 dollars, Al-mania with 1 million 469 thousand 247 dollars and the Netherlands with 1 million 324 thousand 810 dollars.

In the first 6 months of 2023, 6 million 37 thousand 829 dollars worth of complete elevator system imports were made from Slovakia, 744 thousand 320 dollars worth of complete elevator system imports were made in the same period of 2024.

**- 76 million 450 thousand 612 dollars worth of components were exported in the first 6 months of 2024**

In the January-June period of 2024, the elevator sector exported 28 million 290 thousand 108 kilograms of components worth 76 million 450 thousand 612 dollars. This figure was 85 million 538 thousand 612 dollars in the same period of 2023. Component exports of the elevator sector also decreased as in complete elevator systems. When the component export data for the January-June period of 2024 were analyzed, it was seen that there was a 10.6 percent decrease compared to the same period of the previous year. The unit price of component exports made in the first 6 months of 2024 was recorded as 2.7 dollars.

**Component exports to the Russian Federation fell by 62 percent**

The sanctions imposed on the Russian Federation, which ranked second among the countries to which the Turkish elevator industry exported components in 2023, also had a negative impact on component exports. Exports in the first 6 months of 2024 decreased by 35.5 percent compared to the same period of the previous year. In the first 6 months of 2023, the Russian Federation, which received 6 million 191 thousand 735 dollars worth of components from Turkey, exported 2 million 350 thousand 362 dollars worth of components in the same period of 2024.

In the January-June period of 2024, Iraq ranked first among the countries to which components were exported with 6 million 127 thousand 73 dollars (2023 first 6 months: 5 million 718 thousand 282 dollars). In the ranking of the top 10 countries with the most component exports, Iraq was followed by Algeria with an export value of 5 million 978 thousand 810 dollars (2023 first 6 months: 5 million 611 thousand 443 dollars), 5 million 23 thousand 577 dollars (2023 first 6 months: 4 million 194 thousand 344 dollars) Morocco with export value, Egypt with 4 million 853 thousand 770 dollars (2023 first 6 months: 6 million 705 thousand 471 dollars), Saudi Arabia with 3 million 659 thousand 663 dollars (2023 first 6 months: 6 million 331 thousand 432 dollars), Saudi Arabia with export value, 2 million 524 thousand 348 dollars (2023 first 6 months: 2 million 834 thousand 406 dollars) Georgia with export value, 2 million 644 thousand 97 dollars (2023 first 6 months: 2 million 878 thousand 659 dollars) Germany with export value, 2 million 350 thousand 362 dollars (2023 first 6 months: 6 million 191 thousand 735 dollars) Russian Federation with export value, 2 million 340 thousand 482 dollars (2023 first 6 months: 1 million 488 thousand 70 dollars), Ukraine with a value of 2 million 317 thousand 467 dollars (2023 first 6 months: 1 million 958 thousand 574 dollars), France with a value of 2 million 796 dollars (2023 first 6 months: 4 million 153 thousand 67 dollars), followed by Iran.

**-The sector imported components worth 12 million 890 thousand 766 dollars**

Turkish elevator sector paid 12 million 890 thousand 766 dollars for 3 million 117 thousand 876 kilograms of components imported in the first 6 months of 2024. This value was 23 million 557 thousand 779 dollars in the same period of 2023. 5 million 853 thousand 324 dollars of the 12 million 890 thousand 766 dollars worth of component imports made in the January-June period of 2024 was imported from China. In the countries where the most elevators were imported, China was followed by Italy with 1 million 971 thousand 637 dollars and Spain with 1 million 904 thousand 525 dollars.