Automotive Exports Reach New Heightst
Automotive exports reached $16.4 billion in the first half of this year with sales to European countries making up 80 percent of the sector's total exports.
The Turkish automotive industry, which picked up some recent losses in the domestic market, has seen a rise in exports – exceeding $16 billion in the first half of the year – with more than 80 percent going to European countries. According to the Automotive Distributors' Association (ODD) and TurkishExporters' Association (TİM), the Turkish automotive and
light commercial vehicle industry contracted 11.92 percent in the first half of the year
compared to the previous year. The industry, however, recorded $16.4 billion in exports with a 14.5 percent rise compared to the same period of last year.
In accordance with these figures, the automotive exports constituted 20 percent of Turkey's total exports in the first half, which exceeded $80 billion. Meanwhile in the first half of 2017, automotive exports stood at $14.3 billion.
The automotive sector's exports to the European Union and other European countries in the first half of the year increased by 15 percent and hit $13.6 billion, making up 80.5 percent of Turkey's $16.4 billion automotive exports in the first half of the year.
Europe was followed by the Middle East for the Turkish automotive industry. Car sales to Middle Eastern countries rose by 2.2 percent, reaching $805.1 million.
With exports over $2.4 billion, Germany was the biggest market for Turkish manufacturers. It was followed by Italy with $1.8 billion and France with $1.7 billion. The U.K. ranked fourth in Turkey's automotive exports with $1.4 billion. Accordingly, automotive sales separately to Germany, Italy, France and the U.K. each exceeded $1 billion. With these figures, both total automotive and automobile production reached their highest levels in Turkey.