Turkish automotive market aims over $30 bln in exports in 2018: Association

Turkish automotive market aims over $30 bln in exports in 2018: Association

BURSA - Anadolu Agency
Turkish automotive market aims over $30 bln in exports in 2018: Association

Turkey’s automotive industry exports will exceed $30 billion in 2018, the CEO of Uludağ Automotive Industry Exporters’ Association (OIB) has said.

“We had aimed for $29 billion [of exports] in 2018. If we look at the data for the first half of the year, we reached an export level of $16.4 billion,” Baran Çelik told state-run Anadolu Agency.

“This shows us that we will exceed far beyond our aim. We will exceed over $30 billion,” Çelik said.

Çelik noted that some $16.4 billion of exports in 2018 was an “all-time record” for the first half of a year.

He said the Turkish automotive sector’s exports reached $28.5 billion in 2017, adding that the sector will break a record in 2018.

According to the Turkish Exporters’ Assembly (TİM), automotive was again the leading sector with $2.5 billion exports in June. The sector’s exports increased by 1.9 percent compared to the same month of the previous year.

TİM data also showed the 12-month overall exports rose 9.7 percent on a yearly basis, reaching $161.5 billion.

Automotive, Turkish economy, Turkish Exporters' Association