Turkish automotive exports reach $16.7B in 1st 7 months of 2021, jumping 27% year-on-year, reveals report by sectoral body
Automotive production in Turkey increased by 10.7% this January-July compared to last year, a sectoral report revealed on Monday.
The Automotive Manufacturers Association (OSD) said automakers manufactured 705,079 vehicles including automobiles, light commercial vehicles, and tractors in the first seven months of 2021.
Automobile production rose by 2.1% year-on-year to 449,550 in the first seven months of 2021.
The overall auto sales market, including light trucks and other vehicles, grew by 31.4%, reaching 461,730 in the same period.
A report by the OSD revealed that automotive industry exports jumped 26.8% on a dollar basis to $16.7 billion between January and July.
Climbing 6.6%, the automobile sector’s export value reached $5.4 billion, the report added.
Turkey exported 512,320 vehicles, of which 322,874 were passenger cars, during these months.
The capacity utilization rate in the sector was around 62% in January-July.
This July, automotive production fell by 44.6% year-on-year, reaching 65,418.