Automotive Exports reached 2,4 Billion Dollars in August

automotive exports reached billion dollars in august
automotive exports reached billion dollars in august

The automotive industry, the locomotive sector of the Turkish economy, increased its exports in August by 57 percent compared to the same period of the previous year. According to the data of Uludag Automotive Industry Exporters' Association (OIB), the automotive industry's exports in August amounted to 2,4 billion dollars. The share of the industry, which ranks first in Turkey's exports, in total exports rose to 12,8 percent.

OIB Chairman of the Board Baran Çelik said, “The maintenance-repair-holiday periods of automotive companies that have changed this year have had a positive impact on our August figures. With the increase in foreign demand for passenger cars, we realized the highest August export in our history. We achieved double-digit export growth in all product groups.”

The automotive industry, the locomotive of the Turkish economy, increased its exports by 57 percent in August compared to the same period of the previous year. According to the data of Uludag Automotive Industry Exporters' Association (OIB), the automotive industry's exports in August amounted to 2,4 billion dollars. The share of the industry, which ranks first in Turkey's exports, in total exports rose to 12,8 percent. The sector, which increased its exports by 29 percent in the first eight months of the year, realized an export of 18,8 billion dollars.

While Germany was the largest exporter in August, with an increase of 23 percent and $311,2 million, it was followed by the United Kingdom, which became the target market of all sectors after the FTA signed in December last year. The United Kingdom, with an export of 211 million dollars with an increase of 297,4 percent, was followed by France with an export of 76 million dollars with an increase of 260 percent, Slovenia with an export of 174 million dollars with an increase of 185,6 percent and Italy with an export of 53 million dollars with an increase of 179 percent.

OIB Chairman of the Board Baran Çelik said, “The maintenance-repair-holiday periods of automotive companies that have changed this year have had a positive impact on our August figures. With the increase in foreign demand for passenger cars, we realized the highest August export in our history. We achieved double-digit export growth in all product groups.”

Foreign demand for passenger cars increased by 61 percent after the pandemic

Supply Industry exports increased by 31 percent to 956 million dollars in August, while Passenger Car exports increased by 61 percent to 653 million dollars, Exports of Motor Vehicles for Goods Transport increased by 149 percent to 592 million dollars, Bus-Minibus-Midibus exports increased by 47 percent to 117,5 million dollars. million dollars.

While the demand for passenger cars in European countries, which started to recover after the pandemic, increased, 89% to Germany, which is the most exported country, 123% to France, 204% to the United Kingdom, 88% to Slovenia, 30% to Italy, 35% to Spain, Poland Passenger car exports increased by 64% to Turkey.

Exports to the EU increased by 49%

Exports to European Union Countries, which are the largest market on the basis of country group, increased by 49 percent in August and reached 1,52 billion dollars, while the share of EU countries in total automotive exports was 62,8 percent. In August, exports to other European countries increased by 162% and to African countries by 47%.

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