
Automotive Industry and Export Success
The automotive industry stands out as one of the most important building blocks of Turkey's economic growth. In 2023, automotive exports It broke a historical record by reaching 37 billion 211 million 661 thousand dollars. This figure, which increased by 6,3% compared to previous years, is an indicator of the dynamics and innovations in the sector.
Significant Increases in Passenger Car Exports
Within the automotive industry, passenger cars constitute 33,2% of total exports. The passenger car exports projected for 2024 are expected to increase by 2023% compared to 11,79, reaching 12 billion 365 million 246 thousand dollars. This increases Turkey's competitiveness in the passenger car market.
Leading Export Markets
Prominent markets for Turkish passenger car exports include France, Italy and the United Kingdom. France continues to be the largest market, reaching $7,1 billion 2 million 297 thousand with a 799% increase. To Italy Exports to Turkey increased by 40,67%, reaching 1 billion 623 million 744 thousand dollars. This situation once again proves the power of the Turkish automotive sector in the European market.
Other Important Markets and Export Figures
Passenger car exports to the United Kingdom increased by 25,34% to 1 billion 410 million 171 thousand dollars. In Spain, it increased by 10% to 1 billion 256 million 235 thousand dollars. These data show that the demand for Turkish automotive products in the international market is increasing.
Market Diversity and Export Strategies
Market diversity is of great importance in automotive exports. Germany Exports to major markets such as Turkey increased by 31% to 1 billion 56 million 204 thousand dollars, and significant increases were also observed in countries such as Poland, Slovenia and Belgium. This situation increases the competitiveness of the Turkish automotive industry on a global scale.
Innovative Technologies and Sustainability
The Turkish automotive sector aims to achieve sustainability goals by making major investments in innovative technologies. The production of electric and hybrid vehicles plays an important role in the future of the market by offering environmentally friendly alternatives. In this context, sustainable production processes and energy efficiency are among the priorities of companies in the sector.
The Future of the Automotive Industry
The automotive industry plays a critical role in Turkey’s economic future. With innovative solutions, increasing export figures and expanding market diversity, the sector aims to become even stronger internationally. The integration of new technologies will increase competition in the sector while also strengthening Turkey’s position in the global automotive market.
As a result
The automotive industry attracts attention with its success in every new market it enters. In line with the 2024 targets, companies in the sector will continue to grow with innovative approaches and sustainable production strategies. This is an extremely positive development for both the Turkish economy and the automotive sector.