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Turkey’s auto production and exports run towards record

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/10/2016 (10:34)
According to data released by Turkey’s Automotive Manufacturers’ Association (OSD), total production in the Turkish automotive sector rose 6% to 1,033,000 units in the first nine months of 2016 from the same period of 2015. Although the total domestic market decreased by 6% to 653,000 units in January-September compared with the same period of last year, exports grew by 13% to 797,000 units in the same timeframe and paved the way for the 6% increase in the total production.

The yearly increase of Turkey’s automobile production in the first nine months of 2016 also surpassed the growth of the global production as it increased 2% in the first six months.

By the end of 2016, the growth in Turkey’s automobile production is expected to reach 8-9% with support from exports. The total production is expected to exceed 1,450,000 units while exports are expected to pass 1,100,000 units, according to analysts.

The exports conducted by the automotive industry forms the 16.5% of the overall exports of Turkey as it maintains its leader position in the list of exports by industry for the last 11 years.
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