Home News Turkey’s automotive exports in first 11 months top $28B

Turkey’s automotive exports in first 11 months top $28B


Turkey’s automotive exports in first 11 months top $28B

According to the news of Hürriyet Daily News, Turkey’s automotive industry exports totaled $28.05 billion in the first 11 months of this year, an exporters association announced on Dec. 4.

The country’s automotive exports dropped 3.6% year-on-year in the first 11-month period, said the Uludag Automotive Industry Exporters’ Association (OIB).

Despite the decline in exports, the auto sector ranked first in the country’s overall exports, which reached $165 billion in the same period.

Car exports, which constituted 38% of automotive exports, fell 6% to $10.75 billion, while supply industry exports dropped 3% to $9.8 billion.

Exports of motor vehicles for goods transport also saw a decline of 9% to stand at $4.46 billion.

Germany was the top destination for automotive exports in the same period, with over $4 billion, followed by France ($3.13 billion) and Italy ($2.65 billion).

The EU market constituted 76.8% of all country’s automotive exports in the 11-month period.

In November, the sector’s exports reached nearly $2.7 billion, dropping 3% on a yearly basis.

Source: Hürriyet Daily News / link: http://www.hurriyetdailynews.com/turkeys-automotive-exports-in-first-11-months-top-28b-149451
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