Published On: Sat, Aug 17th, 2019

Turkey’s automotive sector achieves US$ 2.9 billion foreign sales in July 2019

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Turkey’s automotive sector achieves US$ 2.9 billion foreign sales in July 2019

Based on data compiled by Uludag Automotive Industry Exporters’ Association (OIB) and Turkey’s Exporters Assembly (TIM) exports of the automotive industry showed a 5 percent increase in July compared to the same month of the previous year. The sector achieved $ 2.9 billion in foreign sales in July reaching the highest export growth in 2019 on a monthly basis.

Sales worth US$ 2.9 billion last month, was the highest monthly export figure for automotive in 2019. This export data was also recorded as the fourth highest foreign sales figure in the history of the automotive industry on a monthly basis.

It was reported that the increase in sales of passenger cars, buses (midi-bus etc.) in July had reflected in the exports of the sector in a positive manner. Consequently, the share of the automotive industry which ranked first in Turkey’s exports went up to 18 percent.

Regarding Turkey’s automotive exports last month, Germany was the country with the most foreign sales with US$413.6 million. Exports to this country increased by 5 percent compared to the same month of the previous year.

Exports to France which is the second largest market for Turkey’s automotive sector rose by 20 percent to US$ 385.8 million. An export figure of US$ 269.2 million corresponding to an increase of 6 percent was also achieved in the Italian market which is the third biggest market for the sector.





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