General situation in the world
In the process of countries’ development, the importance of the machinery manufacturing industry in the manufacturing industry is gradually increasing. The sector providing machinery and equipment to the manufacturing industry directly affects the production, quality and competitiveness of these sectors. When the situation of developed countries in machinery exports is analyzed, the top countries have medium and large-scale firms and this situation positively affects their competitiveness and power in the market.
The fact that a country imports a large amount of machinery shows that the country's industry has invested in production. Therefore, it is important to pay attention to both a strategy that focuses on foreign trade balance and to increasing sectoral production and scale in the machinery sector. The import ranking also shows the countries' production capacity in other sectors. The investments made by the manufacturing industry sectors in machinery and equipment are among the most important components in increasing production capacity and capabilities.
This situation shows that there is investment in production in other sectors and in these sector. What is important for a developing country is not that the imports are low, but that the ratio of exports to imports is higher. The share of machinery and equipment imports from major economies in the European Union to World imports declined in the 2007-2015 period, while the share of Asia, Eastern Europe and Africa in imports increased.
China, the United States, South Korea, Singapore and Turkey are the only countries increased its share in World exports during the period 2007-2015. In particular, China's share of % 7.6 in 2007 increased to %13.6 in 2015. Turkey's share in world exports of machinery increased overall during the period 2007-2015. However, as of 2018, the share of %0.80 is below the desired level. The Czech Republic, Spain, Poland, India, Hungary, Slovakia, Romania, Israel, Bulgaria, Lithuania and Saudi Arabia also increased their exports and shares in exports above the world average trend.