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The automotive industry exported $2.35 billion in June

The automotive industry, which has been the leader of Turkey’s exports on a sectoral basis for 15 years, achieved an export of $2.35 billion in June with an increase of 17% compared to the same period of the previous year.

According to the statement made by the Uludag Automotive Industry Exporters’ Association (OIB), the sector approached the level of $2.5 billion, which is the monthly export average before the new type of coronavirus (Covid-19) epidemic.

The January-June period of the sector’s exports increased by 33% compared to the same period of the previous year and reached $14.4 billion. The sector, which ranked first in Turkey’s foreign sales with its exports in the first half of the year, was calculated as $2.4 billion per month.

SUPPLY INDUSTRY EXPORTS INCREASED BY 49.5%

In June, supply industry exports increased by 49.5% and reached $1 billion 78 million, forming the largest product group in the industry. Exports of passenger cars decreased by 22% to $609 million, exports of motor vehicles for transporting goods increased by 74% to $454 million, and exports of buses-minibusses-midibuses decreased by 24.5% to $87 million.

Exports to Germany, the largest market in the supply industry, increased by 83%. Among the important markets, an increase of 115% was recorded in Italy, 38% in France, 73% in the USA, 77% in Russia, 75% in the United Kingdom, and 77% in Poland.

In passenger cars, exports decreased by 32% to France, 48% to Germany, 40% to Slovenia, 64% to Israel, 72% to Belgium, 45% to Sweden and 40% to the Netherlands. Exports increased by 42% to Italy, 36% to the USA, 778% to Morocco, and 33% to the United Kingdom.

In motor vehicles for transporting goods, exports increased by 319% to the United Kingdom, 129% to France, 202% to Italy, 126% to Spain, and 17% decrease in exports to Belgium.

In the bus-minibus-midibus product group, it was determined that there was a 712% increase in Hungary, an 80% increase in France, a 70% decrease in Germany and a 97% decrease in Morocco, which are the countries with the highest exports. The export of tow trucks, which is among other product groups, decreased by 8.5% to $50 million.

15% INCREASE IN AUTOMOTIVE EXPORTS TO GERMANY

Exports of $335 million were made to Germany, the largest market of the automotive industry, with an increase of 15%. Exports to the second-largest market, the United Kingdom, increased by 125% to $275 million, and to France, with an increase of 4%, to $262 million. Exports increased by 82.5% to Italy, 33% to Poland, 27% to the USA, 43% to Russia, 93% to Hungary and 41% to Morocco. Exports decreased by 16.5% to Belgium, 26% to Slovenia, 35% to Israel and 33% to Sweden.

On the basis of country group, exports to European Union (EU) countries increased by 10% to $1 billion 468 million. On the basis of country group, the share of EU countries, which ranked first in exports, was 62.4%. There was a 90.5% increase in exports to other European countries, 20% each to the North American Free Trade Area and African countries, and 44% to the Commonwealth of Independent States.

OIB Chairman of the Board Baran Celik, whose views are included in the statement, stated that the chip problem negatively affects the industry at the point of production, “Although exports continue to increase by double digits due to the base effect, the interruption of production by some companies in the main industry due to the semiconductor chip problem continues to adversely affect automotive exports. In June, exports of motor vehicles for the supply industry and goods increased by double digits, while exports of passenger cars and bus-minibusses-midibuses decreased by double digits. We had high rates of increase especially in the United Kingdom and Italy.”

Source: Hurriyet / Translated by Irem Yildiz

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