Turkey’s jewellery exports are set to surpass $10bn in 2023 despite challenges.

Despite the devastating earthquakes that hit Turkey in February, the country’s jewellery industry is aiming to increase its exports to over $10 billion in 2023, according to the Turkish Jewellery Exporters’ Union.

 The industry has already seen significant growth in the past decade, accounting for 1.5% of all Turkish exports in 2022, and the country is the second-largest exporter of gold jewellery after Italy. With more than 300 tonnes of gold made into sophisticated pieces of jewellery in Turkish factories each year and a workforce of over 250,000 people, the industry is a vital part of Turkey’s economy.

Trade Summary:

• Turkey’s jewellery industry is a major contributor to the country’s economy, and the sector is aiming to increase its exports to over $10 billion in 2023, despite the impact of February’s earthquakes.
• The Turkish Jewellery Exporters’ Union reported that the industry has seen significant growth in the past decade, accounting for 1.5% of all Turkish exports in 2022, with over 300 tonnes of gold made into sophisticated pieces of jewellery each year. Turkey is the second-largest exporter of gold jewellery after Italy, and the industry provides more than 250,000 jobs.
•  Despite the challenges of recent events, the Turkish jewellery industry is expected to continue its robust growth, contributing to Turkey’s economy and the global jewellery market.