Turkish Automotive Industry Leads June Exports with $2.6 Billion

Automotive Sector Emerges as Top Exporter Amid Declining Overall Trade Figures

The Turkish automotive industry led the nation’s exports in June, achieving a remarkable $2.6 billion in revenue, according to data from the Turkish Exporters Assembly (TIM). This performance positioned the automotive sector as the top exporter within the industrial group.

Industry Performance Highlights

  • Chemical Products: The chemical sector followed closely with $2.2 billion in exports.
  • Steel Industry: The steel sector contributed $1.3 billion.
  • Defense and Aviation: Notably, the defense and aviation industry recorded the highest growth rate, with a 69.4% increase.

Export Trends and Sector Contributions

Despite these sectoral successes, the overall exports of the industrial group, which accounted for 71.6% of Turkiye’s total exports, saw a 10.7% decrease, amounting to $13.3 billion. The agriculture group, representing 13.2% of exports, experienced a 4.5% decline to $2.5 billion, while the mining group, making up 2.3%, fell by 10.1% to $433.6 million.

Leading Export Markets and Regions

Germany was the top export destination with $1.3 billion, followed by the United States at $1 billion, and the United Kingdom with $948.8 million. Istanbul led as the highest exporting city with $6.7 billion, trailed by Kocaeli with $1.4 billion, and Bursa at $1.2 billion.

New Exporters and Contribution

June also saw 906 companies exporting for the first time, collectively contributing $91 million to the overall export figures. The average export value per kilogram was recorded at $1.41.

Source: AA / Prepared by Irem Yildiz

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