Uludağ Automotive Industry Exporters' Association

Chinese carmakers are fast increasing their share in the Turkish market, but subsidies the Chinese companies receive from their government may lead to unfair competition, warns Baran Çelik, the board chair of the Uludağ Automotive Industry Exporters' Association (OİB).

Türkiye's automotive industry aim to boost their sales to the large Brazilian market in parallel with increasing trade between the two countries, said Orhan Sabuncu, vice chair of the Uludağ Automotive Industry Exporters' Association (OİB).

The Turkish automotive sector's export revenues reached a monthly record of $3.3 billion in March, rising nearly 23 percent from a year ago.

This made automotive Türkiye's biggest exporting industry, with a 13.9 percent share in the country's export revenues last month, according to a statement from the Uludağ Automotive Industry Exporters' Association (OİB).

Türkiye's automotive industry has unveiled a sustainability action plan that is designed to guide and help local carmakers keep their competitiveness in a fast-changing market.

The automotive exports increased by 3.5 percent in July from a year ago to stand at $2 billion, the Uludağ Automotive Industry Exporters' Association (OİB) has said.

The industry's share in Türkiye's total export revenues was 11 percent, ranking second among the exporting sectors.

Turkish automotive exports rose 16 percent to $26.4 billion in the first 11 months of this year, according to the Uludağ Automotive Industry Exporters' Association (OİB).

With $29 billion at the end of this year, the sector aims to get closer to the three-year pre-pandemic period annual average, OİB said in a press release on Dec. 5.

The Turkish automotive industry's exports rose 24 percent on an annual basis to amount to $21.3 billion in January-September, data from a trading group have shown.

In September alone, however, the sector's shipments to foreign markets declined by 5 percent from a year ago to $2.5 billion, the Uludağ Automotive Industry Exporters' Association (OİB) said.

Turkey's automotive exports were $596 million last month, a fall of 77% from the same month in 2019, an exporter association said on May 6.

The decline stemmed from the novel coronavirus pandemic's impact on the sector, the Uludağ Automotive Industry Exporters' Association noted in a press release.

Turkey's automotive industry exports amounted to $2.5 billion in February, an exporters association reported on March 6.

The Uludağ Automotive Industry Exporters' Association (OIB) said despite a 0.9 percent fall year-on-year, Turkey's automotive exports held top spot among other sectors.

The sector's share in Turkey's total exports stood at 17.2 percent, the statement said.

Turkey's automotive industry exports will exceed $32 billion in 2019, head of Uludağ Automotive Industry Exporters' Association (OİB) said.