Published On: Tue, Jul 18th, 2017

Turkish automotive sector is heading for new record in exports in 2017

Automotive sector is a major source to generate export revenues adding substantially to the economy of Turkey. The Turkish companies operating in the sector have a very important share in world markets and Europe, in specific. This is mainly due to the technology imported and logistic advantages originating from the very unique location of the country, such as closeness to European markets etc.

The automotive sector, which achieved the highest export figures of its history with 24.7 billion dollars in 2008 and the second highest with 23.8 billion dollars last year, is heading for a new record this year. Automotive exports has totaled up to US$ 14 billion 360 million approx. by an increase of 22.4 percent compared to the first half of last year.

The sector that has realized 18.8 percent share of the total exports of Turkey in first half of the current year targets the title of champions in exports for 2017, as well. The automotive sector aims to maintain the steady performance until the end of the year and reach an export figure of over $ 27 billion an export record of all times.

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