Turkish auto exports largely made into EU countries in 2004

Turkish auto exports largely made into EU countries in 2004

Turkish automotive sector, regarded as the locomotive of Turkish economy, materialized its exports of 72% to the 24 member states of European Union (EU) in 2004. No exports were made to Greek Cypriot side, but the market share of the automotive sector amounts to 74.4% when candidate countries Romania and Bulgaria were added. In 2004, Turkish automotive sector exported to a total of 180 countries in the five continental, self-governing territories and 14 free zones as well as developed western countries, according to the data of Uludag Exporters Union (UIB). The $7.71 billion of the total automotive exports of $10.71 billion was obtained from the EU countries. Among the EU countries, exports to Germany, France, Italy and England exceeded the half of the total exports with $5.34 billion.