Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Middle East, CIS countries favorite of auto exporters in September

by Daily Sabah with AA

ISTANBUL Oct 10, 2019 - 2:02 am GMT+3
by Daily Sabah with AA Oct 10, 2019 2:02 am

Despite seeing a slight decrease in its foreign sales performance, automotive industry saw its second highest September month ever from an exports point of view.

What's more, the locomotive of the Turkish economy managed to post a serious increase in its sales particularly to the Middle East and Commonwealth of Independent States (CIS), a data compiled from Turkish Exporters' Assembly (TİM) and Uludağ Automotive Industry Exporters' Association (OİB) showed.

The industry saw a 0.4% decline in its exports in September to $2.59 billion, with its overall exports in the first nine months of the current year dropping by 3.7% to nearly $22.55 billion, according to the data.

Iran was the market to where the industry managed to increase its exports the most last month. Sales to Iran skyrocketed by 388% to some $23.11 million in September, while eight-month exports reached $92.71 million.

Among others, sales to Israel last month saw a 198% rise to $60.54 million, while nine-month exports totaled some $540.25 million, a 35.5% year-on-year increase. Exports to Iraq also posted a noteworthy increase, surging by 35% to $24.37 million last month and by 60% to over $183 million overall between January and September. The industry also saw increase in sales to multiple other markets in the first nine months, including Azerbaijan (144.5%), Ukraine (4.5%) and Russia (15%).

On the basis of the group of countries, automotive sales to the Middle East were up 71% year-on-year in September to around $148.85 million, while they totaled nearly $1.19 billion between January and September, an 8% year-on-year increase.

On the other hand, exports to CIS countries increased by 63.5% to $116.18 million last month and by 18% to $791.5 million in the first nine months of the current year.

In addition to the Middle East and CIS, a noteworthy increase was also seen in exports to countries such as the Netherlands, Romania, the U.S. and Egypt.

  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Crimea: The crown jewel of Black Sea coast
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021