Turkey target to raise its jewellery exports to $10B by FY23
Turkey is ranked among the top 10 jewellery producing and exporting destinations in the world. It is currently ranked third largest jewellery producer alongside India and Italy. Gold, silver and diamonds are among Turkey's top precious metals exports. According to the Turkey import export data reports, the jewellery exports from Turkey grew tremendously over the years. In the financial year 2021, it had seen growth of 64% and was worth 6.5 billion dollars. While in 2022, the increase was around 1.2%, exports worth 7.3 billion dollars. Now, the Turkish government has planned to excel its jewellery exports to over 10 billion dollars by the financial year 2023. Jewellery is the major occupation in Turkey. Over 2500 people are currently involved in the Turkish jewellery sector. As per Turkey customs data , the United Arab Emirates was the top importer of jewellery products from Turkey with over 20% share of total Turkish exports. Other major markets for Turkish jewellery expor...