Turkey’s automotive sector has long been a cornerstone of the country’s economy, contributing significantly to its export revenues. According to the Automotive Exporters Association (OİB), the sector experienced a slight decline of 5.5% in exports in the first month of 2021, amounting to $2.3 billion. Despite this, the industry remains robust, exporting a wide range of products, including cars, trucks, buses, engines, and automotive spare parts.
A Focus on Germany
One of Turkey’s most significant trading partners in the automotive sector is Germany. The European nation is a major importer of Turkish automotive and transportation products, making it a key player in Turkey’s export strategy. Last year, Turkey exported automotive products worth $3.571 billion to Germany alone.
Product Categories
When it comes to product categories, passenger cars lead the way. However, there has been a 20% decrease in exports compared to 2019, with a total export value of $9.534 billion. Despite the decline, passenger cars remain a significant export product, followed by trucks and buses.
Global Reach
As of 2020, Turkey exports automotive products to over 200 countries. Remarkably, 71% of motor vehicles produced in the country are destined for export. In terms of numbers, Turkey’s motor vehicle production reached 1.3 million units, while exports hit 917,000 units in the same year.
The Big Picture
These figures indicate that Turkey holds a significant position in the global automotive sector, particularly in the export of passenger cars, trucks, and buses. The country’s focus on quality and innovation makes it a competitive player in the international market.
Conclusion
Turkey’s automotive sector is a vital part of its economy and a significant contributor to its export revenues. With key trading partners like Germany and a focus on high-quality products, the sector is poised for continued growth and global impact.