Turkish automotive sector beats a new record in exports

Turkish automotive sector beats a new record in exports

Based on the data released from Uludag Exporters Union, Turkish automotive sector broke a new record in the first two months of the year by increasing its exports by 46.9% to $1.27 billion. In the first two months of 2004, sedan exports soared by 90.9% to $444 million. Moreover, automotive allied industry exports amounted to $430.5 million and cargo vehicle exports reached $106 million. The Turkish automotive sector mostly exports to European countries. Germany ranked first among these countries with $193 million, followed by France, Italy, Britain and Poland. Government targets to increase the automotive exports to $9 billion this year. In addition, automotive exports were recorded as $6.5 billion in 2003 according to the State Institute of Statistics (DIE).