Turkiye’s Automotive Exports Hit $2.6 Billion in June

Automotive Sector Faces 12% Decline Amidst Holiday Impact, Yet Sees Growth in Key Markets

In June, Turkiye’s automotive sector achieved $2.6 billion in exports, marking a 12% decline compared to the previous year, largely due to the extended holiday period. Despite the overall drop, significant gains were seen in certain markets, according to the Uludag Automotive Industry Exporters’ Association (OIB).

The export breakdown within the sector saw the supply industry leading with $1.05 billion, passenger car sales at $942 million, and motor vehicles for goods transportation at $394 million. The sector retained its top position in national exports, holding a 14.1% share.

Germany remained the primary destination for supply industry exports, while France led in passenger cars and the United Kingdom in motor vehicles for goods transport. The UK stood out as the largest market, with exports reaching $322 million, followed closely by Germany at $319 million and France at $315 million. The European Union maintained a dominant position with a 70% share, although exports to the region decreased by 12% year-on-year to $1.79 billion.

OIB Chairman Baran Celik highlighted the mixed performance across different markets: “While exports decreased across all product groups due to the long holiday, we recorded increases of 20% to the UK, 7% to Spain, 23% to Romania, and 3% to the US. For the first half of the year, our exports grew by 2.3%, reaching $17.7 billion.”

Despite the challenges posed by the holiday period, the automotive sector continues to show resilience, with targeted growth in specific markets offering a promising outlook for the remainder of the year.

Source: Trthaber / Prepared by Irem Yildiz

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