Conexio consulting

TURKISH EXPORTS IN AUTOMOTIVE INDUSTRY INCREASE

According to a written statement made by Uludag Automotive Industry Exporters’ Union (OIB), based on data from Turkey Exporters Assembly (TIM), last year, Ford Automotive ranked at the peak of the total 30.6 billion dollars exports made by automotive companies. In the list of companies that export the most in automotive, the second was Toyota and the third was Oyak-Renault.
Other companies that ranked in the top 10 after the first three companies were Tofaş, Kibar Dış Ticaret, Mercedes-Benz Türk, TGS Dış Ticaret, Bosch Sanayi ve Ticaret, Man Truck & Bus and Good Year Tires.
According to OIB data, the automotive sector, which had a good start in 2020, has reached $ 2.4 billion in January with an increase of 3.2 percent. o far, the highest January figure to get the sector, while the share of Turkey’s total exports amounted to 16.3 percent.
Congratulating the automotive champions of 2019, Baran Çelik, Chairman of the Board of Directors of OIB, whose comments on the subject, said, “We congratulate all the companies that have contributed to the export success of the Turkish automotive industry. This year, we continue our efforts to increase our exports permanently.”
Çelik also said the industry’s exports in January, “We recorded a double-digit export increase in passenger cars last month. There was a decrease in other main product groups. It is pleasing that we started the year with a small increase in our largest market, the European Union countries.”
On the basis of product groups, passenger car exports increased by 27 percent to $ 1 billion 33 million. Export industry exports decreased by 1 percent in January to $ 861 million, while exports of motor vehicles for carrying goods decreased by 13 percent to $ 333 million, while bus minibus exports by 20 percent to $ 135 million.
Exports to Germany, the country with the highest exports in the supply industry, decreased by 8.5 percent. 23% export growth to Romania, 10% to Spain, 14% to Russia and 168% to Slovenia were seen in major markets. In passenger cars, 72 percent of the important markets were increased to France, 33 percent to Italy, 48 percent to Spain, 44 percent to Germany, 20 percent to Belgium, 34.5 percent to Slovenia and the USA. 52 declines occurred.
In the motor vehicles for goods transportation, the UK, which is the most exported country, has a 11 percent decline in exports to the United Kingdom, 28 percent in Slovenia, 40 percent in the Netherlands, 42 percent in Germany, 33 percent in Belgium and 86 percent in Spain. an increase in exports was observed. The bus minibus product group, on the other hand, experienced 23 percent increase in exports to Germany, 12 percent in Italy and 19 percent in France.
Exports to Germany, the industry’s largest market, fell 2 percent in January, to $ 341 million. Exports to France amounted to $ 277 million, an increase of 23 percent, to $ 245 million, down 5 percent to the UK. In January, 29% of exports increased to Spain, 115% to Egypt, 37% to Russia, 20% to Sweden, 17% to Morocco, 12% to Belgium, 35% to Poland, USA 19.5 percent decrease in exports occurred.
On the basis of country group, European Union Countries ranked first in January exports with 79 percent share. 1 billion 893 million dollars were exported to EU countries with an increase of 1.5 percent. In January, exports to African countries increased by 18 percent, to the Commonwealth of Independent States by 33 percent, and to the North American Free Trade Area by 12 percent.

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