OIB Announced; Automotive Industry Increased to 2.76 Billion Dollars

In the statement recorded by the Uludağ Automotive Industry Exporters Association (OIB), the automotive industry's exports in September increased by 11.7 percent compared to the same month last year and reached 2 billion 753 million dollars.

Carrying its share of total exports to 13.9 percent, the automotive industry maintained its second place in Turkey's exports. In the first 9 months of this year, automotive industry exports increased by 5 percent to 22.3 billion dollars. The average monthly exports in January-September were expressed as 2.5 billion dollars. Looking at the sub-product groups of the automotive industry, "supply industry" exports, which increased by 13 percent in September to 1 billion 182 million dollars, took the leading seat among the product groups with the highest exports. Exports of "passenger cars" increased by 26 percent to 807 million dollars, while exports of "motor vehicles for the transportation of goods" decreased by 25 percent to 425 million dollars. In September, the highest rate of export increase was seen in the "tow trucks" group. Exports of tow trucks increased by 249 percent to 201 million dollars. In September, exports to Germany, the largest market of the automotive sector, increased by 27 percent to 403 million dollars. Although exports to the United Kingdom decreased by 4 percent, it ranked second with 324 million dollars. France, where exports increased by 35 percent to 270 million dollars, ranked third. In September, exports increased by 23 percent to Italy, 24 percent to Spain, 68 percent to Poland, 20 percent to Romania, 40 percent to Bulgaria, 32 percent to Sweden and 98 percent to Czechia, while exports to the USA, Slovenia and Egypt decreased by 12 percent, 31 percent, 31 percent and 48 percent, respectively. OIB Chairman Baran Çelik said the following: "The sector's exports of 2.75 billion dollars in September was the highest September exports to date. On a product group basis, the highest exports were seen in the supply industry, while exports of passenger cars increased by double digits and exports of tractors increased by triple digits." Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!