ICI Türkiye Export Markets Climate Index posts 50.4 in June

• 08.07.2026
• News

The Istanbul Chamber of Industry Türkiye Export Markets Climate Index ticked higher for the second month running in June, posting 50.4. Nonetheless, the latest reading still pointed to only a modest improvement in the export markets climate for Turkish manufacturers. Overall export markets demand conditions have now strengthened on a monthly basis throughout the past two-and-a-half years.

Output fell in three of the top five sources of exports; namely Germany, the UK and France. Growth was signalled in other key export markets such as the US and Italy. Non-oil activity continued to increase in the UAE. Output increased in Saudi Arabia, Qatar and Lebanon, while the reduction in activity in Egypt was the most marked of the economies covered by the report.

The Istanbul Chamber of Industry Türkiye Manufacturing Export Markets Climate Index, which measures the business conditions in the key export markets of the Turkish manufacturing sector, released the results of the index for June 2026. The index figures above the 50.0 no-change mark signals an improvement in the export climate, while the figures below signals a deterioration. 

The Istanbul Chamber of Industry Türkiye Manufacturing Export Markets Climate Index ticked higher for the second month running in June, registering 50.4 from 50.3 in May. Nonetheless, the latest reading still pointed to only a modest improvement in the export markets climate for Turkish manufacturers. Overall export markets demand conditions have now strengthened on a monthly basis throughout the past two-and-a-half years.

Output falls in three of the top five sources of exports

While the export markets climate improved overall, there were signs of demand weakness in some of the key export destinations for Turkish manufactured goods. In fact, output fell in three of the top five sources of exports; namely Germany, the UK and France. Rates of contraction in output eased in Germany and France, but the UK posted the fastest fall in business activity since April 2025. More positively, growth was signalled in other key export markets such as the US and Italy, although in both cases rates of expansion remained muted. More solid increases in output were seen in Spain and the Netherlands, with the former posting the fastest rise in business activity in 2026 so far. Demand was slow in parts of Central and Eastern Europe, with output falling in Russia, Romania and Poland. More positively, growth was signalled in Czechia and Kazakhstan.

The UAE continues to increase non-oil business activity, while Egypt sees the most marked reduction

Meanwhile, the UAE continued to see non-oil business activity rise in June, but the rate of expansion eased to the weakest in five years. Elsewhere in the Middle East, output increased in Saudi Arabia, Qatar and Lebanon, but fell in Egypt and Kuwait. In fact, the reduction in activity in Egypt was the most marked of the economies covered by the report. 

Commenting on the Istanbul Chamber of Industry Türkiye Manufacturing Export Markets Climate Index, Andrew Harker, Economics Director, S&P Global Market Intelligence, said:

“Global demand conditions remained muted in June amid ongoing geopolitical uncertainty, thereby limiting opportunities for Turkish manufacturing exporters to secure new business at the mid-point of 2026. Some of the main export destinations for firms even saw output decrease in June. Manufacturers will be hoping that a more stable international environment over the second half of the year can help to create more export opportunities.”

You can find attached the Istanbul Chamber of Industry Türkiye Export Markets Climate Index - June 2026 reports.