Türkiye’s automotive exports stay strong through August

Türkiye’s automotive exports stay strong through August

ISTANBUL
Türkiye’s automotive exports stay strong through August

AA Photo

The automotive industry maintained its strong export performance during the eight-month period despite challenges in global trade, fluctuations in demand conditions and supply chain disruptions caused by geopolitical tensions in the Middle East.

Automotive exports increased 2.5 percent in January-August to $27.2 billion, marking the sector’s highest-ever performance for the period. The industry’s share of Türkiye’s total exports was 14.7 percent.

Germany was the largest export destination for Türkiye’s automotive industry in the January-August period, accounting for $4.4 billion in exports. France followed it with $3.3 billion, the United Kingdom with $2.5 billion, Italy with $2.4 billion and Spain with $2.2 billion.

In terms of export growth by value, France ranked first. Automotive exports to France increased by $338.2 million compared with the same period a year earlier. Italy followed France with an increase of $318.2 million, the Netherlands with $148.3 million, Germany with $105.6 million and Poland with $60.7 million.

During the period, the sector exported $1.2 billion worth of goods to Poland and $519.8 million to the Netherlands.

TIM,