During March and according to car manufacturers association data, automobile industry ‘’which is considered to be one of the major driving forces of economic growth‘’ has registered 21 % of total exports of Turkey, and during the first quarter of 2018 , this industry has registered nearly of 20 % of total exports.
In the first quarter of the current year, the value of automobile exports of Turkey reached to about 8.376 $ billion, but due to exchange rate effects, and despite of decline of exports of the past March, value of exports rose to a record level of 3$ billion for the first time. According to car manufacturers association data and despite of decreased number of exported automobiles, value of exports registered a high record by 3.198 $ billion due to the depreciation of Turkish lira against American dollar.
Compared with March – 2017, automobile exports decreased by 4 % in the same month of 2018 with record of 130,320 cars.
In the first quarter of 2018, total automobile production reached to 425,183 cars, and it maintained the same level of production comparing to the same period of 2017, so as a result and comparing to the first quarter of 2017, exports value rose from 7.094 $ billion to 8.376$ billion in the first quarter of 2018.
During the period between January of 2018 to March of 2018,140.000 cars were produced and that represented a percentage increase by 13 %.
‘’ Automobile manufacturing and exportation were one the most important factors that promoted prosperity of automobile manufacture in Turkey ‘’ said mr.Haidar Yangon chair of manufacturers association.
States of European Union were on the top of Turkish manufactured automobiles importers list, Germany came first then it was followed by Italy then France.