Turkey’s arms exports soared 69% in the 2018-2022 period, compared to the previous five years, doubling its share in the global arms market, in line with an article by the UK-based The Economist.
The article “Meet the world’s new weapons manufacturers”, said Turkey ranked second with the highest increase in arms exports after South Korea in the same period.
Yet, Turkey accounts for 1.1% of the global arms market.
The analysis referred to the Stockholm International Peace Research Institute (SIPRI) report for 2022 and touched on Turkey’s arms export target of USD 6bn for 2023.
The article delved into Turkey’s arms agreements with Gulf countries, the success of domestically produced UAVs (Unmanned Aerial Vehicles), and the modernization of Turkish submarines.
It also emphasized that Turkey is promising as an emerging arms manufacturer.
The analysis said Turkey’s domestically developed 5th generation fighter jet KAAN, partnered by Pakistan, which bought modernized submarines, Azerbaijan would start flights before the end of 2023, and Turkey would market the fighter jet to countries where the U.S. will not sell its F-35s.