Automotive Exports August 2023

Automotive exports top
$3 billion in June
The Turkish automotive industry’s exports
grew by 9 percent year-on-year in June
to more than $3 billion, according to the
Automotive Industry Exporters’ Association
(OİB).
For a third time this year, monthly exports
were above the $3 billion mark, said Baran
Çelik, the board chair of OİB.
The share of the automotive sector in
Türkiye’s export revenues was 16.7 percent
in June, making it the largest exporting
industry. Passenger car exports grew 12
percent to $984 million, while bus, minibus
and midibus exports were up 45 percent
to $205 million. Passenger car shipments
to France, Spain and Poland grew by 18
percent, 112 percent and 34 percent,
respectively, but exports to Italy and the
U.K. fell by 2 percent and 28 percent. The
automotive supplier industry’s export
revenues remained unchanged from June
last year to stand at $1.19 billion.
France was the top export market for local
carmakers. The industry’s total exports to
France amounted to $400 million in June,
rising 10 percent from a year ago. Exports
to Germany were down 4 percent to $388
million. The U.K.’s imports from the Turkish
automotive industry stood at $284 million,
unchanged from June last year. Exports to
Israel and Russia increased by 129 percent
and 82 percent to $81.2 million and $81.6
million, respectively.
The EU’s share in the industry’s exports
was nearly 68 percent or more than $2
billion in June. In the January-June period,
the industry’s export revenues amounted
to $17.3 billion, rising 13.7 percent from
the first half of last year. Local companies’
revenues from passenger car exports
increased by 19 percent in the first half of
2023 to $5.45 billion, while the suppliers
sub-industry’s export revenues exhibited
an annual increase of 11 percent to $7.2
billion. The monthly average export
revenue of the automotive sector was $2.9
billion this year, OİB said.
Carmaker Tofaş said that production at its
Bursa plant will be suspended between
Aug. 7 and Aug. 30 due to the planned
annual leave and maintenance-repair
works.
“In the said period, our employees will use
their annual leave progress payments, and
only maintenance and revision works will
be carried out with the personnel on duty
in our factory,” the company said in a filing
with Borsa Istanbul.
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