Türkiye aims to increase jewelery exports to over US$10 billion by 2023: Business leader – Xinhua

statesbulletin April 17, 2023

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A photo taken on April 17, 2023 shows jewelry products at a jewelry store in Ankara, Turkey. Türkiye aims to increase exports of jewelry products to more than US$10 billion in 2023, despite the February earthquake impacting the sector, his business leader said. (Photo by Mustafa Kaya/Xinhua News Agency)

ANKARA, April 17 (Xinhua) — Despite the aftermath of the February earthquake, Turkey aims to boost exports of jewelery products to more than US$10 billion in 2023, according to a business leader. Told.

In a recent interview with Xinhua, Turkey’s gem industry is recovering from the devastating earthquake that hit southern Turkey in February, and is expected to show strong growth in 2023, Turkish Gems Exporters Association (MIB) President Bulak Yakin said in a recent interview. Continuing, USD 10 billion in export value recorded in 2022, from USD 6.7 billion in gem exports and re-exports registered in 2021.

According to data released by the Turkish Statistics Office in March, exports of Turkish jewelery products have increased significantly over the past decade and will account for 1.5% of Turkey’s total exports in 2022.

According to statistics released by the MIB, more than 300 tonnes of gold are processed into fine jewelry in Turkish factories each year.

“In terms of gold and silver refining technology and production capacity, Turkey’s jewelery industry ranks among the top three in the world,” said Yakin.

Turkey is the second largest exporter of gold jewelery after Italy and the third largest consumer of gold after India and the United States. According to Ministry of Trade data, the jewelery sector in Turkey has created more than 250,000 jobs. ■

A jeweler shows a ring at a jewelry store in Ankara, Turkiye, April 17, 2023. Despite the fallout from the February earthquake, Turkey aims to increase its exports of jewelry products to more than US$10 billion by 2023. said the business leader. (Photo by Mustafa Kaya/Xinhua News Agency)

said a jeweler business leader checking a ring at a jewelry store in Ankara, Turkey, April 17, 2023. (Photo by Mustafa Kaya/Xinhua News Agency)

A photo taken on April 17, 2023 shows a ring at a jewelry store in Ankara, Turkey. Türkiye aims to increase exports of jewelry products to more than US$10 billion in 2023, despite the February earthquake impacting the sector, his business leader said. (Photo by Mustafa Kaya/Xinhua News Agency)

A jeweler shows a ring at a jewelry store in Ankara, Turkiye, April 17, 2023. Turkey aims to increase its exports of jewelry products to more than her US$10 billion in 2023, despite the February earthquake impacting the industry. said the leader. (Photo by Mustafa Kaya/Xinhua News Agency)