Automotive Industry Exports Reached 1 Billion Dollars with a 2,5 Percent Increase in February

Automotive Industry Exports Reached 1 Billion Dollars with a 2,5 Percent Increase in February
Automotive Industry Exports Reached 1 Billion Dollars with a 2,5 Percent Increase in February

According to the data of Uludag Automotive Industry Exporters' Association (OIB), the exports of the automotive sector, which has been the export champion of the Turkish economy for 16 consecutive years, reached 1 billion dollars with an increase of 2,5 percent. The share of the sector, which ranks first in the country's exports, was 12,8%.

Supply industry, which continued its success in February, recorded a double-digit increase in exports, while exports of motor vehicles for the transport of goods experienced a double-digit decrease. While exports to Germany, the largest market, increased by 10 percent, exports to Russia, another important market, increased by 27 percent and decreased by 32 percent to France.

The exports of the automotive sector, which has been the export champion of the Turkish economy for 16 consecutive years, reached 1 billion dollars with an increase of 2,5 percent compared to the same period of the previous year. According to the data of Uludag Automotive Industry Exporters' Association (OIB), the share of the sector, which ranks first in Turkey's exports, from the country's exports was 12,8 percent. In the first two months of the year, exports of the automotive industry decreased by 0,2 percent and became 4 billion 785 million dollars.

The Supply industry, which continued its success in February, recorded a double-digit increase in exports, while exports of motor vehicles for the transport of goods recorded a double-digit decrease. While exports to Germany, the biggest market, increased by 10 percent last month, exports to Russia, which is one of the most important markets, increased by 27 percent, to Poland by 33 percent, while automotive exports to France decreased by 32 percent.

Supply industry exports increased by 18

In February, the export of the Supply industry, which constitutes the largest product group, increased by 18 percent and reached 1 billion 126 million dollars. Among other product groups, exports of passenger cars decreased by 7 percent to 819 million dollars in February, exports of Motor Vehicles for Goods Transport decreased by 20,5 percent to 417 million dollars, and Bus-Minibus-Midibus exports decreased by 0,2 percent to 67 million dollars.

While exports to Germany, the country to which the most exports are made in the Supply Industry, increased by 15 percent, another important market, Italy, 17 percent, 30 percent to the USA, 21 percent to Russia, 24 percent to Poland, 28 percent to Romania. exports increased by 10 percent to Morocco and 19 percent to Slovenia.

Last month, exports of passenger cars decreased by 35 percent to France, 36 percent to Italy, 31 percent to Slovenia, 68 percent to Belgium, 69 percent to Morocco, 15 percent to the United Kingdom and Germany. Exports increased by 42 percent to Poland, 44 percent to Egypt, and 56 percent to Sweden.

In Motor Vehicles for Carrying Goods, exports decreased by 19 percent to the United Kingdom, 58 percent to France, 52 percent to Belgium, 41 percent to Slovenia, 56 percent to Germany, 40 percent to Spain, and a decrease of 31 percent to Italy. XNUMX exports increased.

In the Bus Minibus Midibus product group, Portugal was the country to which the most exports were made and there was a very high export increase of 15.653 percent to this country. On the other hand, exports decreased by 38 percent to Germany and 21 percent to France. Among other product groups, the export of Tow Trucks increased by 19 percent and reached 95 million dollars.

Exports to Germany increased by 10 percent

While 10 million dollars were exported to Germany, which is the country to which the most exports are made, with an increase of 383 percent, 1 million dollars were exported to the United Kingdom, the second largest market, with a decrease of 275 percent. Again, exports to Italy decreased by 5 percent to 216 million dollars, while in February, 33 percent to Poland, 10 percent to the USA, 27 percent to Russia, 29 percent to Romania, 25 percent to Egypt, and Portugal, which is one of the important markets. Exports increased by 75 percent, to Sweden by 36 percent, to France by 32 percent, to Belgium by 37 percent, to Slovenia by 32 percent and to Morocco by 44 percent.

Exports to the EU fell 2 percent

Exports to the European Union countries, which are the largest market on the basis of country group, decreased by 2 percent to 1 billion 641 million dollars in February, while EU countries had the largest share of total exports with 64 percent. Other European Countries ranked second with a share of 12 percent. Last month, exports increased by 13,5 percent to the North American Free Trade Zone, 21 percent to the Commonwealth of Independent States, and 12 percent to the Middle East Countries.

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