Türkiye Is Emerging as Europe’s Nearshoring Anchor for Industrial Production
Manufacturing scale, strong export growth and deepening services trade are repositioning Türkiye as a cost-competitive supply base for Europe.
Manufacturing scale, strong export growth and deepening services trade are repositioning Türkiye as a cost-competitive supply base for Europe.
Industrial export growth is concentrated in emerging-market hubs supplying the U.S., EU and China, led by Mexico and Taiwan (China).
Manufacturing growth shifted toward lower-cost, mid-scale economies, but only a small group has combined sustained expansion with rising industrial weight.
Export growth in emerging markets beyond China is concentrating among a small group of mid-scale exporters outpacing global trade.
Türkiye has a GDP of USD 1.3 trillion (2024) with real GDP growth of 3.2%.