EU is Turkish auto sector’s main export market
The Turkish
automotive sector, regarded as the locomotive of the Turkish economy, shipped nearly two-thirds of its total exports to the European Union (EU) in the first eight months of 2005.
68.2 percent of the Turkish
automotive sector's exports ended up in EU member countries through August of this year. The percentage rises to 71.9 percent when candidate countries
Romania and
Bulgaria are added.
The EU accounted for $5.72 billion of the total $8.38 billion of
automotive exports. Among the EU countries, exports to
Germany,
Italy,
France,
Spain and the
UK exceeded half of the total exports with $4.21 billion.
The Turkish
automotive sector exported to 167 countries and 13 free zones in the first eight months of the year.