Turkiye’s automotive industry exported $2 billion 875 million of products in November. Last month, $387 million were exported to Germany, the largest market, with a decrease of 2%.
According to the statement made by the Uludag Automotive Industry Exporters’ Association (OIB), the exports of the Turkish automotive industry in November increased by 13.7% compared to the same month of the previous year and reached $2 billion 875 million.
Increasing its share in total exports to 13.2%, the automotive industry’s exports in the January-November period of this year increased by 5.6% compared to the same period of the previous year and reached $27.8 billion. The average monthly export of the sector in 11 months was $2.54 billion.
12% increase in supply industry exports
Looking at the sub-product groups of the automotive industry, the “supply industry”, which achieved an export of $1 billion 154 million in November with an increase of 12% compared to the same month of the previous year, was recorded as the largest product group in the sector’s exports.
While exports of “passenger cars” increased by 2% to $847 million in November, exports of “motor vehicles for the transport of goods” increased by 33% to $436 million.
“Bus-minibus-midibus” exports also increased by 33% and reached $207 million. Under the “Other” title, $230 million were sold.
2% decrease to Germany, 49% increase to Italy
Last month, $387 million were exported to Germany, the largest market, with a decrease of 2%.
While exports to France, the second largest market, amounted to $296 million with an increase of 2%, exports to Italy, the third largest market, increased by 49% and reached $270 million.
Among the important markets, 10% to the United Kingdom, 28% to the USA, 24% to Poland, 29% to Belgium, 32.5% to Slovenia, 39.5% to Russia, 81% to Czechia and Romania. There was a 13% increase in exports.
“In November, we reached the highest export figure of this year”
OIB Chairman of the Board of Directors Baran Celik, whose views are included in the statement, emphasized that the increase in automotive exports continues despite the slowdown in the global economy, especially in Europe, which is the largest market of the sector, and the fear of recession.
Stating that the sector recorded double-digit export growth to Italy, USA, UK, Poland, Belgium, Slovenia and Russia last month, Celik said, “In November, we reached the highest export figure of this year. Our exports of the supply industry, motor vehicles for transporting goods, tow trucks and bus minibus midibus increased by double digits.”
Source: Trthaber / Translated by Irem Yildiz