Turkey’s passenger car exports hit $5 billion in first half

Local carmakers shipped nearly $5 billion worth of passenger cars to local markets in the first half of 2021, rising around 15 percent on an annual basis, data from the trading group have shown.

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The share of passenger cars in Turkey's total automotive exports, which amounted to $14.4 billion in January-June, was more than 34 percent, according to the figures from the Bursa-based Uludağ Automotive Industry Exporters' Union.

France was the largest market for Turkish passenger car producers. Shipments to this country rose 39.4 percent year-on-year to stand at $944 million. Italy came second as it purchased $504 million worth of vehicles from local companies, pointing to a 37.3 percent rise from a year ago.

Turkey's passenger car sales to Germany, the third largest export destination, grew 9.5 percent on an annual basis in January-June to $462.5 million.

Spain ($406 million), the U.K. ($395 million) and Poland ($239 million) were other major export markets for local carmakers.

Passenger car exports to Japan soared to $8.3 million in the first half from a negligible $38,000 in the same period of 2020 while sales to Tunisia leaped 220 percent to $26.5 million.

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The industry's exports to Iraq also exhibited a strong increase, rising 120 percent on an annual basis to $23.4 million.

On a separate note, the auto parts industry's exports grew more than 49 percent in the first half of 2021 from a year ago to stand at $5.95 billion.

The industry delivered products to 192 countries and territories across the globe.

Shipments to Germany increased by 67 percent year-on-year to $865 million, followed by Italy at $420 million, with exports to this country soaring more than 97 percent.

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