Turkey's car exports jump by 31 percent in September

ISTANBUL

The automotive exports reached $2 billion in September with a 31 percent increase from the same period a year earlier, hitting the last 60-month record.

The automotive sector’s exports totaled $15.7 billion in the last nine months, according to figures revealed by the Uludağ Union of Automotive Exporters (OİB). 

“We set a target for $20 billion export for this year. We have surpassed the forecasts. We expect to raise the target by 10 percent by the end of this year,” the OİB President Orhan Sabuncu said in a written statement on Oct. 6.

Sabuncu stated that the sector’s exports to the European Union surged by 37 percent as the exports to the United Kingdom showed a 148 percent hike. It is important that the exports targeted the developed countries, he noted.

The automotive exports rose from $1.5 billion in September 2012 to $1.9 billion last month with a 31 percent increase. The total exports between January and September rose to $15.7 billion with a 12 percent increase from the same period of the previous year.