ICI Türkiye Manufacturing Export Climate Index unchanged at 52.4 in November

• 08.12.2025
• News

The Istanbul Chamber of Industry Türkiye Manufacturing Export Climate Index was unchanged at 52.4 in November signalling a further solid improvement in the export climate, and one that was the joint-strongest since May 2024. The eight of the top ten export destinations for Turkish manufacturers recorded rise in activity in November, with only France and Romania seeing a decline in output. 

The expansion in Germany was only modest, while growth in the US also eased, but remained solid. Of all the economies covered by the report, the sharpest rise in activity was seen in Saudi Arabia. The UAE posted the fastest rise in non-oil business activity in almost a year. Mexico posted the steepest fall in output. 

The Istanbul Chamber of Industry (ICI) Türkiye Manufacturing Export Climate Index, which measures the operation conditions in the key export markets of the Turkish manufacturing sector, announced the results of the index for November 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 52.4 in November signalling a further solid improvement in the export climate, and one that was the joint-strongest since May 2024. Eight of the ten largest export destinations for Turkish manufacturers posted increases in business activity during November.

Modest expansion in Germany, solid growth in the US

The largest single export market – Germany – registered a rise in output for the sixth month running, although the expansion was only modest. Growth in the US also eased, but remained solid, while the UK posted only a fractional increase in output. Solid rises in activity were seen in Italy, Spain and the Netherlands, with the former registering the joint-fastest expansion since April 2023, equal with that seen in March 2024. The only two of the top ten export destinations for Turkish manufactured products not to record growth of output in November were France and Romania. In France, however, the latest fall was only fractional and the weakest in 15 months. Manufacturing production in Romania declined markedly, and at the fastest pace since March. Other parts of Central & Eastern Europe also faced challenging business conditions in the penultimate month of the year. Output was also down in the Czech Republic, Poland and Kazakhstan. 

Sharpest rise in activity in Saudi Arabia

Of all the economies covered by the report, the sharpest rise in activity in November was seen in Saudi Arabia, just ahead of Thailand and the UAE. The UAE posted the fastest rise in non-oil business activity in almost a year. On the other hand, Mexico posted the steepest fall in output of all the monitored economies, just behind Canada and Romania.

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

“Most of the key export destinations for Turkish manufacturers were in growth territory in November, providing a boost to demand as 2025 draws to a close. If this momentum can be sustained, or even build further around the turn of the year, we could see a positive opening to 2026 in terms of export performance.”

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