According to OIB data, the automotive industry, the leader of Turkish exports, increased its exports by 8 percent compared to the same period last year, reaching 3 billion dollars in January. The share of the industry, which ranks first in Turkish exports, was 14,2 percent.
OIB Board Chairman Baran Çelik said, “We are on the verge of new trade wars, in a period where the inflationary environment in the global economy and disruptions in supply chains are increasing uncertainties. In such an atmosphere, our automotive industry with its deep-rooted production history, on the one hand, is trying to adapt to the green mobility transformation for competitive advantage, on the other hand, it managed to achieve the highest January exports in its history.”
According to data from the Uludağ Automotive Industry Exporters' Association (OIB), the automotive industry, the leading sector in Turkey's exports, increased by 8 percent compared to the same period last year, reaching $3 billion in January. The share of the industry, which ranks first in Turkey's exports, was 14,2 percent.
OIB Board Chairman Baran Çelik said, “We are at a time when the inflationary environment in the global economy and supply chain disruptions are increasing uncertainties on the verge of new trade wars. In such an atmosphere, our automotive industry with its deep-rooted production history, while trying to adapt to the green mobility transformation for competitive advantage, managed to achieve the highest January exports in its history. We recorded double-digit export growth in the passenger cars and bus-minibus-midibus groups in January. We experienced high-rate export growth to markets such as Spain and the USA, and 13 percent export growth to EU countries.”
Supply industry exports increased by 8 percent
Exports of the Supply Industry, the largest product group in the sector, increased by 8 percent in January compared to the same period of the previous year, reaching 1 billion 257 million dollars. Passenger car exports increased by 23 percent to 951 million dollars, Motor Vehicles for the Transport of Goods exports decreased by 12 percent to 444 million dollars, and Bus-Minibus-Midibus exports increased by 22 percent to 196 million dollars. Tractor truck exports decreased by 39 percent.
While there was a 2,5 percent increase in exports to Germany, the country to which the supply industry exports the most, there was a 26 percent increase to France, the USA, Romania and Spain, which are important markets, by 23 percent, 50 percent and 42 percent, respectively. On the other hand, there was a 12 percent decrease in exports to the Netherlands and 55 percent to Russia.
While exports to the United Kingdom, which are important markets for passenger cars, increased by 38 percent, France by 42 percent, Spain by 81 percent, Slovenia by 126 percent, and Belgium by 107 percent, there was a decrease of 26 percent to Germany and 63 percent to the Netherlands.
In Motor Vehicles for the Transport of Goods, exports to the United Kingdom, which is the country to which the most exports are made, decreased by 41 percent, to important markets such as Slovenia by 26 percent, to Italy by 36 percent, to France by 47 percent, and to Belgium by 43 percent, while exports to Germany increased by 413 percent and to Spain by 517 percent.
In the Bus-Minibus-Midibus product group, exports increased by 144 percent to France, 709 percent to Serbia, 49 percent to Germany and 119 percent to Poland, which are the countries to which the most exports are made.
Germany remains the largest market with an increase of 11 percent
In January, exports to Germany, the sector's largest export market, increased by 11 percent to $462 million. Exports to the United Kingdom, the second largest market, decreased by 1 percent to $330 million. Exports to France increased by 20 percent to $325 million, while exports to Italy decreased by 11 percent, Morocco by 16 percent, Russia by 56 percent, and Spain by 48 percent, the US by 30 percent, Slovenia by 21 percent, Romania by 47 percent, and Greece by 81 percent.
There was a 13 percent increase in EU countries in January
Exports to EU countries, the largest market with a 71,4 percent share on a country group basis, increased by 13 percent to $2 billion 115 million in the same period. While there was a 21 percent increase in exports to the North American Free Trade Area in January, there was a 22 percent decrease to African countries, a 40 percent decrease to the Commonwealth of Independent States, and a 20 percent decrease to Middle Eastern countries.
