Turkish automotive industry grows 5 percent

Automotive industry exports reached $10.5 billion in H1 2013.

Turkish automotive industry grows 5 percent

World Bulletin / News Desk

Turkey's Uludag Automotive Industry Exporters Union (OIB) President Orhan Sabuncu said automotive industry in Turkey grew 5 percent in the first half of 2013 with an exports volume of $10.5 billion.

Expected to reach $20 billion worth of exports in 2013, automotive industry surpassed targets set for the first half of the year, Sabuncu said in a written statement.

Automotive export in June reached $1.8 billion, showing a faster growth rate than that of Turkey's total exports volume.

Stating that the success largely owed to market diversification in exports from Turkish automotive industry, Sabuncu said sales in Africa had increased and the largest growth of the year was in June in sales to Eastern Bloc countries.

According to H1 data, exports in automotive supply industry has reached $4.5 billion with a growth of 6 percent.

A country-based export analysis shows France was the top buyer in June with 22 percent y-o-y increase, reaching $274 million, followed by Germany with $245 million and the UK with $154 million.

Güncelleme Tarihi: 07 Temmuz 2013, 16:20