Turkey’s auto exports up 12 pct in 2016

ANKARA

AA photo

Turkey’s automobile exports increased by 12.23 percent in the first eight months of 2016 year-on-year, according to data from the Turkish Exporter’s Assembly (TİM) compiled by Anadolu Agency.

Turkey’s automotive exports increased to $15.14 billion from January to August compared to $13.49 billion in the same period of 2015, according to TİM.      

The export value in August was the second highest this year with an increase of 23.39 percent year-on-year, the data showed.      

The automotive export value rose to $1.68 billion in August from $1.36 in the same month last year.  
   
In the first eight months of 2016, automotive exports obtained the largest share with 17 percent of Turkey’s total exports, which decreased by 2.9 percent to $85.32 billion, followed by the ready-made sector and the chemical sector with 13.6 percent and 10.8 percent, respectively, TIM reported.      

The country’s automobile sector exported to 12 free trade zones and 184 countries and autonomous regions in the first eight months of the year, the assembly added.