Turkiye’s automotive industry exports in June amounted to $2.8 billion.
According to the statement made by the Uludag Automotive Industry Exporters’ Association (OIB), the June exports of the automotive industry, which has been the leading sector of Turkiye’s exports for 16 consecutive years, reached $2.8 billion with an increase of 17.9% compared to the same month of the previous year.
In the first 6 months of the year, exports increased by 6.1% and reached $15.3 billion
When we look at the sub-product groups of the automotive industry, exports in the “supply industry” increased by 11% compared to the same month of the previous year and reached $1 billion 193 million, and the export of “passenger cars” increased by 44% to $876 million, “bus-minibus-midibus” exports reached $142 million with an increase of 14.5%. Exports of “motor vehicles for the transport of goods” were recorded as $381 million with a decrease of 16%.
Among the other product groups, “tractors” increased by 182% with an export figure of $140 million last month.
20% increase to Germany, the largest market
Exports to Germany, the largest market on a country basis, increased by 20% to $403 million. Exports to France, one of the largest markets of the industry, increased by 39% to $363 million, and to the United Kingdom, with an increase of 3%, to $284 million.
It was determined that there was a 107% increase in exports to Poland, 52% to Spain, 12% to the USA, 33% to Belgium, 211% to Portugal, and a decrease of 5% to Slovenia and 24% to the Russian Federation.
While exports to the European Union (EU), which is the largest market on a country group basis, increased by 27% in June, $1 billion 865 million were exported, while EU countries received a 67% share of exports. Last month, a 9% increase in exports to other European countries and North American Free Trade Countries was recorded.
“We believe that we will exceed our target at the end of the year”
OIB Chairman of the Board Baran Celik, whose views are included in the statement, stated that the automotive industry exports reached $15.3 billion in the first half of this year, with an increase of 6.1% compared to the same period of the previous year.
Stating that the average monthly export was $2.5 billion in the January-June period, Celik said:
“Although we, as the automotive industry, struggled with multiple problems such as the chip crisis and energy costs, we managed to reach the highest monthly export figure this year in June. While we recorded double-digit increases in the supply industry, passenger cars and bus-midibus-minibus product groups, we recorded high increases in Poland, Spain and Portugal. Likewise, we recorded an increase of 6% in the first half of the year. We believe that the increase in our automotive exports will continue and we will exceed our target at the end of the year.”
Source: Trthaber / Translated by Irem Yildiz