ISTANBUL, Jun 18 : Turkish automotive sector exports had a record performance this January-March, as exports in the first five months reached $16.5 billion, according to data from the Turkish Exporters\u2019 Assembly (TIM) released Wednesday.<\/p>\n
Amid disruption over higher US tariffs, T\u00fcrkiye\u2019s auto exports in January-March rose 10% year-on-year, making up 17.2% of the country\u2019s total exports, the data showed.<\/p>\n
Meanwhile, T\u00fcrkiye\u2019s total exports rose 3.5% on an annual basis over the same period, totaling $110.9 billion.<\/p>\n
Total exports in May climbed 2.7% to $834.2 million, according to the exporters group.<\/p>\n
Germany received the highest Turkish auto exports in January-May, with $2.6 billion, followed by France with $1.8 billion, the UK with $1.7 billion, Spain with $1.5 billion, Italy with $1.3 billion, Slovenia with $913.1 million, Romania with $601.7 million, and Belgium with $699.8 million.<\/p>\n
The biggest increase in export value was in Germany, as auto exports to the country saw a rise of $528.9 million, followed by Spain with $460.8 million, Slovenia with $354.6 million, Romania with $178.1 million, and Belgium with $149.6 million.<\/p>\n
In T\u00fcrkiye, the northwestern province of Kocaeli led the auto sector, accounting for $5.2 billion of exports in the first five months of the year, while Istanbul made up $3.5 billion, the northwestern provinces of Bursa and Sakarya\u2019s auto exports totaled $3.5 billion and $1.8 billion, respectively, and auto exports from the capital Ankara reached $642.7 million.<\/p>\n
T\u00fcrkiye\u2019s auto and auto supply industries gained momentum with exports during the pandemic period, when global demand declined.<\/p>\n
Showing a steady rise, the country\u2019s January-May auto sector exports totaled $13.1 billion in 2019, $8.8 billion in 2020, $12.33 billion in 2021, $12.5 billion in 2022, $14.3 billion in 2023, and $15.1 billion in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISTANBUL, Jun 18 : Turkish automotive sector exports had a record performance this January-March, as exports in the first five months reached $16.5 billion, according to data from the Turkish Exporters\u2019 Assembly (TIM) released Wednesday. Amid disruption over higher US tariffs, T\u00fcrkiye\u2019s auto exports in […]<\/p>\n
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