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<\/p>\nItaly ranked first in T\u00fcrkiye\u2019s glass and glassware exports over the past five years covering the 2020-2024 period, with a total of $705.2 million, according to a report on Saturday.<\/p>\n
According to an analysis based on the “sector analysis” section of the Easy Export Platform created by the Trade Ministry, the global glass and glass products sector reached $230 billion last year, growing by 6%, an Anadolu Agency (AA) report said.<\/p>\n
The sector is expected to become a market exceeding $283.7 billion by 2028, with an average annual nominal growth rate of 5.4%.<\/p>\n
In T\u00fcrkiye, the sector\u2019s size stood at approximately $6.3 billion in 2023 and is projected to maintain its dollar-denominated size through 2028.<\/p>\n
Within this framework, the Turkish glass industry remains an important part of the economy, producing a wide range of products from flat and processed glass to architectural, household and tableware glass, while continuing to contribute to exports through these products.<\/p>\n
According to data from the Turkish Statistical Institute (TurkStat) under the Special Trade System, T\u00fcrkiye exported $7.2 billion worth of glass and glassware during the 2020-2024 period, while imports of these products totaled $5.7 billion.<\/p>\n
As a result, a foreign trade surplus of more than $1.4 billion was recorded for this product group over the past five years.<\/p>\n
In the first 10 months of this year, exports amounted to $1.3 billion, while imports stood at $1.1 billion, resulting in a foreign trade surplus of $166 million during the same period.<\/p>\n
Italy consistently ranked first in T\u00fcrkiye\u2019s glass and glassware exports in each of the past five years. During this period, T\u00fcrkiye sold a total of $705.2 million worth of glass and glassware to Italy, ranging from decorative items to kitchen utensils.<\/p>\n
In the first 10 months of this year, the U.S. was slightly ahead, and was the largest destination for glass and glassware exports, with shipments totaling $115.7 million. Italy ranked second in the same period, with exports of approximately $115 million, the report indicated.<\/p>\n
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