EU is Turkish auto sector’s main export market
The Turkish
automotive sector, regarded as the locomotive of the Turkish economy, shipped 67.9 percent of its total exports to the European Union (EU) in the first eleven months of 2005.
The percentage rises to 71.7 percent when candidate countries
Romania and
Bulgaria are added.
The EU accounted for $7.8 billion of
Turkey's total
automotive exports of $11.5 billion. Among the EU countries, exports to
Germany,
Italy,
France,
Spain and the
UK exceeded half of the total exports with $5.8 billion.
The Turkish
automotive sector exported to 177 countries and 15 free zones in the first eleven months of the year.