ICI Türkiye Manufacturing Export Climate Index posts 51.0 in June

• 08.07.2025
• News

The Istanbul Chamber of Industry (ICI) Türkiye Manufacturing Export Climate Index was unchanged at 51.0 in June, signalling a further modest strengthening of demand conditions in the export markets of Turkish manufacturers. The export climate has now improved on a monthly basis throughout the past 18 months. 

Of the top ten export destinations for Turkish manufacturers, the UAE 

continued to post the most marked expansion in business activity at the end of the second quarter of the year. Of all the economies covered by the report, India posted the sharpest increase in output during June. Output in the US increased sharply again, while a number of European economies posted increases in business activity in June. Output continued to decline in France and Romania. Russia posted a reduction in activity for the third time in the past four months. 

The Istanbul Chamber of Industry (ICI) Türkiye Manufacturing Export 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 2025. 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 Climate Index was unchanged at 51.0 in June, signalling a further modest strengthening of demand conditions in the export markets of Turkish manufacturers. The export climate has now improved on a monthly basis throughout the past 18 months.

UAE posts the most marked expansion in business activity among the top 10 

Of the top ten export destinations for Turkish manufacturers, the UAE continued to post the most marked expansion in business activity at the end of the second quarter of the year. The rate of growth there ticked up slightly from May. Elsewhere in the Middle East, marked rises were seen in Saudi Arabia and Kuwait, while Qatar posted a renewed increase in activity. Lebanon and Egypt remained in contraction territory, however. 

Output in the US increased sharply again, a number of European economies posted increases in business activity 

Output in the US increased sharply again during June, with the pace of expansion little-changed from May. The US is the destination for around 6% of Turkish manufacturing exports. A number of European economies posted increases in business activity in June. Renewed expansions were registered in Germany and the UK, while sustained growth was seen in Italy, Spain and the Netherlands. Less positive were continued reductions in output in France and Romania, both of which are among the top ten export destinations for Turkish manufactured goods. 

 India posts the strongest output growth across all economies

Russia posted a reduction in activity for the third time in the past four months. Moreover, the latest fall in output was the sharpest in two-and-a-half years. Of all the economies covered by the report, India posted the sharpest increase in output during June. The rate of expansion was substantial and the fastest since April 2024. At the other end of the scale, Poland recorded the steepest reduction as manufacturing production decreased to the largest extent since November 2022.

Commenting on the Istanbul Chamber of Industry Türkiye Manufacturing Export Climate Index, Andrew Harker, Economics Director, S&P Global Market Intelligence, said: “While trade tensions impact some areas of the global economy, the main export destinations for Turkish manufacturers are mostly seeing business activity expand at present, providing opportunities for firms to secure new business. With the 90-day pause on extended tariffs charged by the US coming to an end, it will be important to watch the data in July to see how dynamics might shift.”

You can find attached the Istanbul Chamber of Industry Türkiye Export Climate Index June 2025 reports.