Turkish auto market aims over $30B of exports in 2018
- Economy
- Anadolu Agency
- Published Date: 12:00 | 05 July 2018
- Modified Date: 02:54 | 05 July 2018
Turkey's automotive industry exports will exceed $30 billion in 2018, CEO of Uludağ Automotive Industry Exporters' Association (OIB) said.
"We had aimed for $29 billion [of exports] in 2018. If we look at the data for the first half of the year, we reached an export level of $16.4 billion.
"This shows us that we will exceed far beyond our aim. We will exceed over $30 billion," Baran Çelik told Anadolu Agency.
Çelik said $16.4 billion of exports in 2018 was an "all-time record" for the first half of a year.
He said Turkish automotive sector's exports reached $28.5 billion in 2017, adding that the sector will break a record in 2018.
According to the Turkish Exporters' Assembly (TIM), automotive was the leading sector with $2.5 billion exports in June. The sector's exports increased by 1.9% compared to the same month of the previous year.