Automotive Exports December 2022

Turkish automotive exports remain robust
despite global headwinds
Turkish automotive exports jumped to
$2.65 billion (TL 49.21 billion) in October,
industry data showed , in an increase
that comes despite global headwinds
dominated by talks of recession and
surging inflation.
Exports increased by 1.8% year-over-over,
the Uludağ Automotive Industry Exporters’
Association (OIB) said in a statement. At
12.4%, the industry held the largest share
of Türkiye’s overall exports.
Foreign sales were up about 5% from a
year ago in the January-October period to
some $25 billion, the data showed.
“Our automotive exports continue to
increase” despite the growing global
recession risks, contraction in the
eurozone, the industry’s largest market,
and surging inflation, OIB Chairman Baran
Çelik said.
The supply industry, tractors, buses,
minibusses and midibuses all saw a doubledigit
increase in sales in October, Çelik said.
The supply industry topped exports with $1
billion worth of sales, a 13% year-over-year
increase.
Çelik said exports to top markets such
as Germany, Belgium and Russia also
registered double-digit increases in the
month.
Sales to Germany were up 15% year-overyear
in October to $404 million, while
those to the United Kingdom rose 9% to
$285 million, the data showed. Exports to
France were down 12% to $252 million.
Sales to Belgium, Russia, Romania and
Portugal increased by 32%, 23%, 21% and
79%, respectively.
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