Turkey’s auto industry exported $2.875 million worth of products in November, and $387 million was exported to Germany, the largest market, last month, down 2 percent.
According to the statement released by the Uludağ Automotive Industry Exporters Association (OIB), exports of the Turkish automotive industry in November increased by 13.7% compared to the same month of the previous year and amounted to 2.875 billion dollars.
Bringing its share of total exports to 13.2 percent, automotive industry exports in the period January-November this year increased by 5.6 percent compared to the same period of the previous year and stood at to $27.8 billion, and the industry’s average monthly exports over 11 months amounted to $2.54 billion.
12% increase in supply industry exports
Looking at the auto industry’s byproduct groups, the “supplies sector,” which generated $154 billion in exports in November, up 12 percent from the same month a year earlier, was recorded as the most large group of products in the exports industry.
While exports of “passenger cars” increased by 2% to $847 million in November, exports of “cargo vehicles” increased by 33% to $436 million.
Exports of “small and medium-sized buses” also increased by 33% to $207 million. In Others, $230 million in overseas sales were achieved.
A 2 percent drop for Germany and a 49 percent increase for Italy
Last month, $387 million was exported to Germany, the biggest market, down 2%.
Exports to France, the second-largest market, increased 2% to $296 million, while exports to Italy, the third-largest market, increased 49% to $270 million.
Among important markets, 10 percent is for the United Kingdom, 28 percent for the United States, 24 percent for Poland, 29 percent for Belgium, 32.5 percent for Slovenia, 39.5 percent for Russia, 81 percent for the Czech Republic and Romania. Increase exports.
OIB President Baran Celik, whose views were presented in the statement, stressed that the increase in auto exports continues despite the slowdown in the global economy, especially in Europe, which is the largest market for the sector. and the fear of a recession.
He pointed out that the sector recorded double growth in exports to Italy, the United States of America, the United Kingdom, Poland, Belgium, Slovenia and Russia last month, and Celik said, “In November, we achieved the highest export value high for this year,” explaining that the automotive supply industry is cargo vehicles and truck trailers. , Our exports of minibuses have increased by double digits compared to medium buses.
