The automotive industry, the leader of Turkey’s exports for 12 years,, has broken a double record in November. According to the data of Uludað Automotive Industry Exporters’ Association (OÝB), the automotive sector, which exported $2 billion 769 million in November with an increase of 5 percent, reached its highest November exports.
In January-November, automotive exports increased by 12 percent to $29.1 billion. Thus, the export record of $28.5 billion in 2017 was reached before the end of this year and renewed its annual export record.
Baran Çelik, Chairman of the Board of Directors of OIB said, “We expect our automotive industry to close this year with an export volume of over $31 billion. So we will crown our success as an export leader for the 13th time in a row on an annual basis.
The automotive industry, the leader of Turkey’s exports for 12 years, broke a double record in November. According to the data of Uludað Automotive Industry Exporters’ Association (OÝB), the automotive sector reaching an export value of $2 billion 769 million in November with an increase of 5 percent, reached its highest ever November exports. The leading sector reached $29.1 billion in exports in January-November this year with an increase of 12 percent compared to the same period of the previous year. The automotive sector, thus one month before the end of 2018, broke the export record for 2017, surpassing the $28.5 billion export figure. Ranking still first in November exports of Turkey, the industry’s share in total exports was 18 percent.
Baran Çelik, Chairman of the Board of Directors of OIB said, “We expect our automotive industry to close this year with an export figure above $31 billion. Thus, we will crown our success becoming the leader for the 13th time in a row on an annual basis.”
Giving information on exports on a monthly basis and in the January-November period, Baran Çelik said, “Export of passenger cars and by-products in November were almost the same as last year, while export of buses, minibuses and vans increased by double digits. While exports to EU countries increasing by 8 percent exports to African countries increased by 33 percent. In the 11-month period between January-November, passenger car exports increased by 6 percent, while the automotive supply industry exports, goods transportation motor vehicles and bus-minibus-van exports also showed a double-digit increase.”
Production increase in automotive sub-industry and passenger cars
On the basis of product groups, exports from the automotive supply industry increased by 1 percent to $915 million in November, while passenger car exports increased by 2 percent to $1 billion 101 million, exports of motor vehicles for transportation of goods decreased by 5 percent to $448 million and bus-minibus-van exports increased by 29 percent to $175 million.
Exports to Germany, the largest market in the automotive supply industry, declined by 1 percent, Italy and France, two of the leading markets, by 7 percent and Romania 10 percent. In contrast, export to the United States increased 13 percent, Algeria 277 percent, Morocco 28 percent, the Netherlands and Slovenia by 16 percent.
Passenger cars exports to Italy, the largest market, declined by 19 percent, while the United States had a 32 percent decline, followed by Morocco by 38 percent and Israel by 77 percent. In contrast, it increased to the UK 22 percent, Germany 17 percent, Spain and Slovenia 48 percent, the Netherlands 20 percent.
Exports of motor vehicles for transportation of goods, to the UK, the most exported destination fell by 24 percent, Italy 24 percent, France 18 percent, United States 22 percent, Spain 30 percent. The increase of 57 percent to Slovenia, 151 percent to Ireland, 75 percent to Denmark and 19 percent to Belgium was reported.
In the bus-minibus-van product group, Germany, the largest market, fell by 6 percent, while Romania increased 43 percent and Italy 25 percent and also a high rate of increase was recorded to Greece, Portugal and Israel.
Exports to Germany, the largest market, increased by 9 percent
On a country basis, exports to Germany, the largest market, rose by 9 percent to $410 million in November. In the same month, exports to France decreased by 3 percent to $256 million, and to Italy by 13 percent to $246 million. Again, of the important markets, to Spain exports increased 25 percent, Slovenia 43 percent, Romania 35 percent, Netherlands 14 percent, Denmark 133 percent while to the United States 22 percent, Israel 50 percent, Iran 88 percent decline was recorded. 48 percent increase in exports of passenger cars caused the increase in export to Spain, increase in exports of motor vehicles for transportation of goods by 57 percent and passenger cars by 48 percent impacted the increase of exports to Slovenia.
On the other hand, in the fall of exports to Italy, a decrease in exports of passenger cars by 19 percent, 24 percent of motor vehicles for transportation of goods played role, while in the fall of exports to the US resulted from the decrease in the export of passenger cars by 32 percent.
Exports to EU countries increased by 8 percent
November exports to the European Union countries, the largest market on the basis of the country group with a 78 percent share of total exports increased by 8 percent to 2 billion 158 million dollars. Among the alternative markets, to the African countries exports increased by 33 percent while to the countries in the Middle East decreased by 35 percent.
The share of passenger cars in January-November period was 39 percent
In the exports of automobiles in January-November, passenger car exports increased by 6 percent to $11 billion 446 million with a 39 percent share in total automotive exports. In the same period, exports of automotive sub-industry increased by 14 percent, and motor vehicles for transportation of goods increased by 12 percent, autobus-minibus-van exports increased by 11 percent. Germany, the largest market, ranked first with 4.4 billion dollars in exports in January-November. There was a decline of 11 percent to France, 20 percent to Belgium, 33.5 percent to Slovenia, 24 percent to Poland, 19 percent to the Netherlands. An increase of 30 percent experienced in exports to Romania, a decline of 23 percent to the US, 47 percent to Iran was experienced. In the same period, EU countries ranked first with 78 percent share and exports of 22 billion 791 million dollars. Exports to African Countries increased by 39 percent, while CIS countries increased by 27 percent.