Turkey’s automotive industry, which has been the country’s export leader on a sectoral basis for 15 years, made exports worth $2.4 billion in August, according to official data.
A statement made by the Uludağ Automotive Industry Exporters' Association (OIB) Sunday showed the automotive industry increased its foreign sales by 57% in August compared to the same period of the previous year and accounted for a 12.8% share in Turkey's total exports.
The sector, which increased its exports by 29% in the first eight months of the year compared to the January-August period of 2020, has made $18.8 billion in foreign sales so far this year.
In August, Germany took in the lion’s share of the sector’s exports with an increase of 23% that made the value of the sales $311.2 million. Germany was followed by the United Kingdom, which became a target market of all sectors after the Free Trade Agreement (FTA) was signed in December last year. Exports to the U.K. were recorded as $297.4 million, a jump of 211%.
Following in third was France with an increase of 76% and exports of $260 million. Slovenia and Italy rounded out the top five, with Slovenia seeing a 174% increase and $185.6 million in foreign sales, and Italy registering an increase of 53% and $179 million in exports.
Exports of the "supply industry" increased by 31% to $956 million in August. Exports of "passenger cars" increased by 61% to $653 million and the exports of "motor vehicles for transporting goods" increased by 149% to $592 million. Last month, sales of "bus-minibuses-midibuses" abroad increased by 47% to $117.5 million.
Demand for passenger cars increased in European countries as many have started to recover from the COVID-19 pandemic.
Compared to the same month of the previous year, passenger car exports in August jumped across all the major European markets. Those markets include: Germany (89%), France (123%), the U.K. (204%), Slovenia (88%), Italy (30%), Spain (35%) and Poland (64%).
The sector’s exports to the European Union, which is the largest market based on the country group, increased by 49% in August and reached $1.52 billion, while the share of EU countries in total automotive exports was 62.8%.
In August, exports increased by 162% to other European countries and 47% to African countries.
OIB Chairperson Baran Çelik, whose views were included in the statement, said that the holiday periods had a positive effect on the August figures.
“With the increase in foreign demand for passenger cars, we achieved the highest August export in our history," he said. "We achieved double-digit export growth in all product groups."
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.