Turkish automotive industry export amounts to $2.8 billion in June


By News Center

The Turkish automotive industry exports amounted to $2.8 billion
in June, Yeni Shafak newspaper reports.

In keeping with the statement made by the Uludag Automotive
Industry Exporters’ Association (OIB), the automotive industry’s
June exports, which have been the top sector of Turkiye’s exports
for 16 consecutive years, hit $2.8 billion, a 17.9 percent rise
over the same month in 2021.

“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,” OIB chairman Baran Celik said.

In the first six months of 2022, exports increased by 6.1
percent and reached $15.3 billion. At the automotive industry’s
sub-product groupings, exports in the “supply industry” climbed by
11 percent in June compared to the same month of the previous year,
reaching about $1.2 billion.

Exports of “passenger cars” increased by 44 percent amounting to
$876 million, “bus-minibus-midibus” exports increased by 14.5
percent to $142 million, while exports of “motor vehicles for
transporting goods” decreased by 16 percent to $381 million. Among
the other product groups, “tractors” increased by 182 percent with
an export figure of $140 million last month.

Exports to Germany, the country’s largest market, surged by 20
percent to $403 million. Exports to France, one of the industry’s
main customers, increased by 39 percent to $363 million, while
exports to the United Kingdom increased by 3 percent to $284
million.

Moreover, there was a 107 percent rise in exports to Poland, a
52 percent increase to Spain, a 12 percent increase to the United
States, a 33 percent increase in Belgium, a 211 percent increase in
Portugal, and a 5 percent reduction in Slovenia and a 24 percent
decrease to the Russian Federation.

The European Union (EU), the largest market by nation group,
earned a 67 percent share of exports in June, with exports totaling
$1.8 billion, a 27 percent rise. Exports to other European nations
and North American Free Trade Agreement countries increased by 9
percent last month.

Celik stated that in the first half of 2022, the automotive
industry exports reached $15.3 billion with an increase of 6.1
percent compared to the same period of the previous year. He added
that the average monthly export was $2.5 billion in the
January-June period.

“While we had double-digit growth in the supply industry,
passenger automobiles, and bus-midibus-minibus product categories,
we saw significant growth in Poland, Spain, and Portugal. Likewise,
we recorded an increase of six percent 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,”
Celik stressed.

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