Turkey’s auto exports continue to increase in the EU market
Turkey’s auto industry, dubbed the locomotive of the country’s export business, increased sales to European Union countries in the first seven months of 2021 by some 24% year-on-year, reaching 10.7 billion of dollars.
The industry exported vehicles worth a total of $ 16.3 billion during the period in question, according to an Anadolu Agency (AA) report on Friday, citing data from the Exporters Association of the Uludağ automotive industry. The automotive industry again ranked first with a 13.5% share in Turkey’s exports.
EU countries, where $ 8.6 billion in auto exports were made in the first seven months of last year, ranked first on the basis of country group with 10.7 billion dollars for the period January-July of this year. The share of EU members in the automotive industry turned out to be 65.6%.
The increase in sales to Germany, France, Italy, Spain, Belgium and Poland was particularly significant in the euro area market.
Germany ranked first in Turkish auto exports with an increase of 30.5% compared to the same period of the previous year. Exports to the country increased from $ 1.8 billion to $ 2.4 billion.
France followed Germany as the second largest market with an export figure of $ 1.8 billion.
Exports to Italy, which ranks fourth in the list of top 10 exporting countries, jumped 39%, from $ 1.2 billion to $ 1.3 billion.
Auto exports of $ 908 million were made to Spain – the fifth country on the list – with an increase of 30% year-on-year.
Automobile exports to Poland increased 51%, from $ 447.1 million to $ 675.2 million.
Belgium imported $ 628.7 million worth of vehicles from Turkey during the January-July period, with an 11% year-on-year increase.
Exports to Slovenia, the ninth country with the most exports, totaled $ 580.3 million during the same period.