Historic Record in Automotive Exports: Exceeded 34 Billion Dollars

Turkey has achieved significant success in the automotive industry and export field by increasing its exports in October by 7 percent compared to the same period last year, reaching 3 billion 816 million dollars. This figure is an indication of how strong the sector has performed thanks to the investments and innovations made.

The automotive industry not only continues to maintain its position as the leading sector in Turkey's total exports, but the total exports achieved in the January-October 2023 period have been recorded as 34 billion 19 million dollars. This signifies an 11.6 percent increase compared to the same period of the previous year.

These positive developments are enhancing the international competitiveness of the country's automotive sector and simultaneously strengthening its role in the global automotive market. Turkey has become a critical focal point in the global supply chain by being among the important producers in automotive manufacturing and exports.

This growth in the automotive industry is a result of adopting quality production processes, technological innovations, and environmentally friendly practices. These elements continue to expand market share by meeting customer expectations.

The achievement of such high levels of exports is also related to the product diversity, design skills, and engineering capabilities of automotive manufacturers. Firms in Turkey's automotive sector stand out not only in the local market but also with their exports to Europe, Asia, and other regions.

In the coming period, further growth of the automotive industry is expected to be supported by encouraging policies. This growth will be attractive for economic development and will also increase employment in the sector.