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Automotive sector export figures increased in March

The automotive sector recorded an increase of 3 billion 289 million 873 thousand dollars in March, with an increase of 22.8 percent, when compared to the same period of the previous year. The automotive sector took the lead among the sectors that exported the most throughout March.

Automotive sector export figures increased in March

According to the information received from the Turkish Exporters Assembly (TIM), Kocaeli became the province with the most exports in the automotive sector on behalf of Turkey.

According to the data obtained from the Turkish Exporters' Assembly, Kocaeli, by exporting 889 million 344 thousand dollars in March, became the province with the largest export figure in the automotive sector in Turkey. Kocaeli was followed by Istanbul, Bursa, Sakarya and Ankara, respectively.

Compared to March 2022, Kocaeli's automotive exports increased by 22.1 percent, Istanbul's 14.6 percent, Bursa's 40.2 percent, Sakarya's 30.1 percent and Ankara's 29.2 percent.

Germany became the most exported country

Germany, which has the largest market share in automotive sector exports, continued to maintain its top position. In March, 474 million 673 thousand dollars of automotive exports were made to Germany via Turkey.

Germany; France, the United Kingdom, Italy and Spain followed suit. The rest of the list consisted of the USA, Russia, Ukraine and Egypt.

Automotive export values increased across Europe

Automotive exports increased not only in Turkey, but also in all of the top five countries producing in the automotive sector.

Automotive exports to Germany increased by 17.5 percent, to France by 96.6 percent, to the United Kingdom by 14.6 percent, to Italy by 21.9 percent and to Spain by 45.6 percent, while only the USA increased by 30 percent. There was a decrease of 0.4%.

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