Türkiye’s automotive sector leads with $17.7B exports for first half of 2024
Türkiye's automotive exports surge to $17.7B in the first half of 2024, with strong growth in European markets. (AA Photo)
Türkiye’s automotive industry, the leader in exports, closed the first half of the year with $17.7 billion in foreign sales, according to data compiled from the Uludag Automotive Industry Exporters’ Association and the Türkiye Exporters Assembly.
The sector, which increased its exports by 2.27% compared to the same period last year, predominantly exported to European countries. Out of approximately 200 countries, free zones, and autonomous regions to which the sector sent products from January to June, European countries dominated the top 10 destinations for exports.
Germany led the list with automotive exports amounting to $2.44 billion, followed by France with $2.07 billion. The United Kingdom ranked third with $1.94 billion, followed by Italy with $1.66 billion, and Spain with $1.23 billion.
Exports to these five European countries accounted for 52.78% of the sector’s total exports.
Exports to Saudi Arabia, Australia surged
The sector significantly increased its exports to several countries within the top 10. Exports to Poland amounted to $733.34 million, Slovenia $683.54 million, Belgium $622.41 million, the U.S. $564.08 million and Romania $514.07 million.
| Country | Export (Million $) |
|---|---|
| Germany | 2,435.12 |
| France | 2,072.40 |
| United Kingdom | 1,939.46 |
| Italy | 1,663.72 |
| Spain | 1,232.65 |
| Poland | 733.34 |
| Slovenia | 683.54 |
| Belgium | 622.41 |
| USA | 564.08 |
| Romania | 514.07 |
During the January-June period, the sector notably increased its exports to certain countries. Exports to Saudi Arabia surged by 238%, rising from $41.83 million to $141.40 million. Similarly, exports to Australia saw a 114.7% increase, climbing from $60.96 million to $130.91 million compared to the same period last year.
