Turkey's automotive exports stand at $596 mln in April
ISTANBUL- Anadolu Agency
The decline stemmed from the novel coronavirus pandemic's impact on the sector, the Uludağ Automotive Industry Exporters' Association noted in a press release.
Due to measures to tackle COVID-19, the automotive sector and suppliers had to halt production in recent months, the press release said.
In April, sector exports to the EU dropped 81% to $377 million, while exports to the U.K. fell 90.5%, to France 82%, to the US 70%, and to Germany 60%, on a yearly basis.
Car exports dropped 86% to $132 million, while supply industry exports fell 63% to $342 million.
Meanwhile, the country's exports overall were $7.6 billion in the first four months of 2020, down 27% on an annual basis, also showing the worldwide impact of the virus for part of that period.