In 2023, the Turkish elevator sector exported a total of 375 million 545 thousand 149 dollars worth of package elevators and parts and components of elevators. The total export value of the sector in 2022 was 363 million 81 thousand 778 dollars.

The Turkish elevator sector increased its export value by 3.5 percent compared to 2022 in 2023, when global trade contracted by 2 trillion dollars.

2023 was left behind as a year in which demand declined, it was difficult to keep prices due to high costs, earthquakes, regional wars and conflicts, and dominant markets changed hands. Despite all these negativities, the Turkish elevator sector gave a foreign trade surplus of 255 million 617 thousand 160 dollars in total foreign trade.

Elevator sector increased its exports for 2023

The Turkish elevator sector increased its export value by 3.5 percent in 2023 compared to 2022, when global trade contracted by 2 trillion dollars. In 2023, the sector exported a total of 375 million 545 thousand 149 dollars worth of package elevators and parts and components of elevators. The total export value of the sector in 2022 was 363 million 81 thousand 778 dollars.

2023, a year in which foreign demand declined and it was difficult to keep prices due to high costs, was also left behind as a difficult year in which dominant markets changed hands with earthquakes, regional wars and conflicts. Despite all these negativities, the Turkish elevator sector gave a foreign trade surplus of 255 million 617 thousand 160 dollars in total foreign trade.

The total foreign trade of the elevator sector in 2023 approached 500 million. The sector, which reached a total value of 495 million 473 thousand 132 dollars in foreign trade, exported 375 million 545 thousand 149 dollars worth of exports and 119 million 927 thousand 983 dollars worth of imports, contributing a surplus of 255 million 617 thousand 160 dollars to the foreign trade balance.

In 2023, 208 million 305 thousand 567 dollars of the export value of the elevator sector, which reached 375 million 545 thousand 149 dollars in total, was obtained from package elevator and 167 million 239 thousand 582 dollars from component exports. Compared to 2022, package elevator exports increased by 12 million 892 thousand 566 dollars in 2023, while component export value decreased by 356 thousand 195 dollars.

The elevator sector earned 3.21 dollars per kilogram from 116 million 731 thousand 532 kilograms of exports on quantity basis in 2023. The sector earned 3.83 dollars per kilogram from 54 million 359 thousand 414 kilograms of package elevator exports in total last year, while 62 million 372 thousand 118 kilograms of component exports earned 2.68 dollars per kilogram.

In 2023, the Turkish elevator sector increased its exports according to 2022 data, while the 2023 import value showed a decrease of 8 thousand 789 dollars.

The total import value of the elevator sector in 2023 was 3.91 dollars per kilogram.

- The sector gave a foreign trade surplus of 255 million 617 thousand 160 dollars

The sector added 255 million 617 thousand 160 dollars of surplus value to the Turkish economy with its imports worth 119 million 927 thousand 983 dollars despite its exports worth 375 million 545 thousand 149 dollars in foreign trade.

- Package elevator exports reached 208 million 305 thousand 567 dollars

The elevator sector increased its exports from 195 million 486 thousand 1 dollars in 2022 to 208 million 305 thousand 567 dollars in 2023.

Russian Federation is again in the first place in package elevator buyers

The Russian Federation again took the lead among the countries where the Turkish elevator industry exported the most package elevators in 2023. In 2022, the Russian Federation, which received 49 million 296 thousand 59 dollars worth of package elevators from Turkey in 2022, exported 62 million 687 thousand 542 dollars worth of package elevators in 2023.

The war between the Russian Federation and Ukraine, which entered its 3rd year, continued to affect Turkey's export figures.

While the embargo imposed on the Russian Federation after the war and the sanctions imposed by the Russian Federation on European and American companies increased the business volume of Turkish exporters in the Russian Federation in the elevator sector, the shrinkage in Ukraine started to decrease every year. Elevator exports to Ukraine, which ranked second in the ranking of countries where the most package elevators were exported before the war, decreased by 52 percent in 2022 compared to 2021. In 2021, 17 million 651 thousand 982 dollars worth of package elevators were exported to Ukraine, while in 2022, 8 million 431 thousand 627 dollars worth of package elevators were exported to Ukraine. Looking at the 2023 export figures, it was seen that package elevator exports to Ukraine increased. In total, 12 million 660 thousand 553 dollars worth of package elevator exports were made to Ukraine in 2023. With this value, Ukraine ranked 3rd after Algeria among the top 10 countries buying package elevators from Turkey.

In 2023, the Russian Federation ranked first with an export value of 62 million 687 thousand 542 dollars in the top 10 countries with the highest package elevator exports; Algeria with an export value of 23 million 55 thousand 293 dollars (2022: 22 million 902 thousand 67 dollars), Ukraine with an export value of 12 million 660 thousand 554 dollars (2022: 8 million 431 thousand 627 dollars), Israel with an export value of 9 million 403 thousand 853 dollars (2022: 8 million 702 thousand 467 dollars), Israel with an export value of 8 million 423 thousand 425 dollars (2022: 8 million 454 thousand 382 dollars), Iraq with an export value of 7 million 925 thousand 246 dollars (2022: 7 million 374 thousand 121 dollars), Georgia with an export value of 6 million 252 thousand 963 dollars (2022: 6 million 392 thousand 467 dollars), B. A.E, Uzbekistan with 5 million 647 thousand 950 dollars (2022: 7 million 88 thousand 541 dollars), Kosovo with 3 million 926 thousand 932 dollars (2022: 2 million 910 thousand 921 dollars) and Tunisia with 3 million 376 thousand 240 dollars (2022: 3 million 531 thousand 236 dollars).

Kazakhstan, with exports worth 5 million 715 thousand 565 dollars in 2022, and Libya, with exports worth 4 million 120 thousand 524 dollars, could not enter the top 10 ranking in 2023. The decline in exports to these two countries attracted attention. Looking at the 2023 export figures, it was seen that Kazakhstan's elevator export value in 2023 was 3 million 2 thousand 619 dollars and Libya's export value was 3 million 650 dollars.

France, Belarus, Denmark, Bosnia and Herzegovina, Spain, Sudan, Oman, Bangladesh, Bulgaria, Azerbaijan, North Macedonia, Saudi Arabia, Kuwait, Malta, United Kingdom, Iran were the countries where package elevator systems exports between 1 million dollars and 2 million dollars; Morocco, Turkmenistan, Serbia, Nigeria, Germany, Qatar, Albania, Poland, Romania, Australia were the countries where package elevator systems exports between 2 million dollars and 3 million dollars.

- Package elevator imports decreased

Package elevator imports in 2023 decreased by 13.28 percent compared to 2022. While 88 million 258 thousand 791 dollars worth of package elevators were imported in 2022, this figure was 76 million 536 thousand 959 dollars in 2023. In 2023, the imported package elevator kilogram unit price was recorded as 4.69 dollars.

40 million 114 thousand 209 dollars of the 76 million 536 thousand 959 dollars worth of elevator imports in 2023 was imported from China. In the countries where the most elevators were imported, China was followed by Slovakia with 11 million 254 thousand 659 dollars, Italy with 8 million 529 thousand 3 dollars and Germany with 7 million 630 thousand 308 dollars.

It was noteworthy that Finland, which ranked first with 5 million 322 thousand 970 dollars of elevator imports in 2022, imported 362 thousand 968 dollars of elevators in 2023.

- 167 million 239 thousand 582 dollars worth of components were exported in 2023

In 2023, the elevator sector exported 62 million 372 thousand 118 kilograms of components worth 167 million 239 thousand 582 dollars. This figure was 167 million 595 thousand 777 dollars in 2022.

In 2023, Egypt ranked first with 12 million 773 thousand 985 dollars (2022: 11 million 926 thousand 093 dollars) among the countries where components were exported. In the ranking of the top 10 countries with the highest component exports, Egypt was followed by; Russian Federation with an export value of 11 million 857 thousand 939 dollars (2022: 8 million 986 thousand 504 dollars), Saudi Arabia with an export value of 11 million 411 thousand 659 dollars (2022: 5 million 488 thousand 405 dollars), Iraq with an export value of 11 million 136 thousand 133 dollars (2022: 13 million 729 thousand 42 dollars), 10 million 284 thousand 470 dollars (2022: 11 million 377 thousand 950 dollars) Algeria with export value, 8 million 555 thousand 75 dollars (2022: 6 million 352 thousand 588 dollars) Morocco with export value, 6 million 919 thousand 926 dollars (2022: 9 million 380 thousand 450 dollars) Iran with export value, 5 million 573 thousand 350 dollars (2022: 4 million 987 thousand 851 dollars) Israel with export value, 5 million 346 thousand 926 dollars (2022: 4 million 970 thousand 800 dollars) Georgia with export value and Germany with export value of 5 million 157 thousand 941 dollars.

France with 4 million 212 thousand 383 dollars (2022: 4 million 470 thousand 705 dollars), USA with 4 million 136 thousand 691 dollars (2022: 4 million 362 thousand 289 dollars), Ukraine with 4 million 216 thousand 103 dollars (2022: 3 million 251 thousand 554 dollars), Afghanistan with 4 million 551 thousand 94 dollars (2022: 3 million 585 thousand 552 dollars), Libya and Bulgaria were the countries with component exports between 3 million 500 thousand and 4 million dollars. Romania, Kosovo, Greece, Denmark, Albania, Italy and Kuwait between 2 million and 3 million dollars; Bosnia and Herzegovina, Portugal, Tunisia, Nigeria, Finland, India, Oman, UAE, Qatar, Slovakia, Poland, and Estonia were recorded as countries that purchased components between 1 million dollars and 2 million dollars.

- The sector imported 43 million 391 thousand 24 dollars worth of components

The Turkish elevator sector paid 43 million 391 thousand 24 dollars for 14 million 363 thousand 499 kilograms of components imported in 2023. This value was 31 million 677 thousand 873 dollars in 2022. 19 million 588 thousand 621 dollars of the 43 million 391 thousand 24 dollars worth of component imports made in 2023 was imported from China. In the countries where the most elevators were imported, China was followed by Italy with 7 million 944 thousand 725 dollars and Spain with 7 million 383 thousand 730 dollars.