Turkey’s bus, minibus exports record nearly 19 pct rise in Q1 Bus-minibus-midibus exports, one of the subproduct groups of the automotive sector, rose by 18.91 percent in the first quarter of <strong>2019</strong>. According to the <strong>Automotive</strong> Industry Exporters’ Association, the Turkish automotive sector exported buses, minibuses, and midibuses to 110 countries in 2018, amounting to $1.8 billion in exports with a 12.57 percent increase year-on-year. In the first quarter of <strong>2019</strong>, this automotive group saw an 18.91 percent increase in exports over the same period of the previous year, rising from $420.8 million achieved in the first quarter of 2018 to $500.4 million in the same period of this year. If the sector’s export growth trend continues as in the first quarter, the year-end export figure is expected to exceed $2 billion. In the first quarter of the year buses, minibuses and midibuses were sold to 72 countries, with Romania taking the lead in terms of quantity. <strong>Exports</strong> to Romania, which overtook Germany in this product group, surged 13.5-fold over the same period of the previous year from $5.58 million to $80.65 million. This figure amounted to $75 million of the export increase Turkey achieved in this product group in the first quarter. <strong>Exports</strong> to Germany, which came second in exports this quarter fell by 19.73 percent to $69.4 million. Turkey’s automotive exports to France, on the other hand, increased by 37 percent from $38.5 million to $52.9 compared to the same period of the previous year. Meanwhile, exports to Italy, Poland, the U.K., Spain, Bulgaria, Croatia, Belgium, Hungary, Israel, Norway and Greece surpassed $10 million each in the January-March period. Among these countries, Hungary saw a 7.5-fold increase in exports from $1.5 million to $12.6 million compared to the previous year. <strong>Exports</strong> to Israel, which is among the leading countries in the export hike, rose from $2.2 million to $11 million, while exports to Greece climbed from $3 million to $10.5 million. <strong>June</strong> <strong>2019</strong> 36
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