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Türkiye's automotive exports reach USD 3.8 billion in october

Türkiye’s automotive industry achieved exports worth USD 3.816 billion in October, marking a 7% increase compared to the same month last year.

Türkiye's automotive exports reach USD 3.8 billion in october

According to data from the Uludağ Automotive Industry Exporters’ Association (OİB), exports in the first ten months of the year rose by 11.6% to USD 34.019 billion. With this figure, the automotive industry maintained its leadership position, accounting for 18.2% of Türkiye’s total exports.

The automotive supply industry, the main export category of the sector, recorded USD 1.471 billion in exports in October, up 6% year on year.
Passenger car exports fell by 12% to USD 1.159 billion, while exports of motor vehicles for goods transport surged by 70% to USD 652 million.
Meanwhile, bus-minibus-midibus exports increased by 40% to USD 314 million, and tractor exports rose by 18% to USD 181 million.
Other product groups generated USD 39 million in exports.

German Market Shows Strong Growth

Germany remained the industry’s largest export destination in October, with shipments rising 42% year on year to USD 628 million.
France ranked second with USD 450 million, down 4%, while exports to the United Kingdom increased by 1.5% to USD 337 million.

By region, exports to EU countries increased by 12% to USD 2.795 billion.

“The Industry Maintains Its Upward Momentum”

OİB Chairman Baran Çelik stated:

“Strong growth in key markets such as Germany, Spain, and Austria enhances our potential to achieve our export targets. The automotive industry continues to signal that it will remain a driving force for both the Turkish economy and exports.”

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