Automotive industry speeds up international sales in November

Automotive industry speeds up international sales in November

ISTANBUL
Automotive industry speeds up international sales in November

Türkiye’s automotive sector, long the backbone of the nation’s export economy, delivered a sharp rise in overseas sales last month, underscoring its resilience in global markets.

November exports reached $3.75 billion, marking a 16 percent increase compared with the same period in 2023, figures from the Uludağ Automotive Industry Exporters’ Association (OİB) show.

Cumulative exports between January and November climbed to $37.77 billion, up 12 percent year-on-year, securing the industry’s position as Türkiye’s top export contributor with a 16.5 percent share of total shipments.

Performance varied across product categories. The supply industry registered $1.31 billion in exports, slipping 1 percent, while passenger car sales abroad rose 8 percent to $1.23 billion.

Strong gains were recorded in commercial vehicles: Exports of bus and minibus shipments advanced 45 percent to $342 million and tractor-trailer exports more than doubled, surging 101 percent to $182 million.

Germany remained Türkiye’s largest automotive market, with exports climbing 45 percent to $571 million. France followed at $512 million, up 30 percent, while the United Kingdom posted a 45 percent increase to $427 million.

Regionally, the European Union continued to dominate demand, accounting for $2.74 billion in November exports, an 18 percent rise from a year earlier.