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FinancialNews
06-04-20
Automotive exports decrease by 10 percent: Turkey
(MENAFN) According to Uludag Automotive Industry Exporters Association, Turkey's automotive exports dropped by 10 percent to reach USD6.98 billion yearly in the first quarter because of the novel COVID-19 pandemic.
The association's data informed that, in the first quarter of the last year, Turkey's automotive exports were USD7.75 billion.
Monthly automotive exports also dropped by 28.5 percent to USD2.1 billion in March, as said in the association's data; in the first quarter, Turkey's overall exports also recorded a decrease of 4 percent.
In March, the automotive sector's exports to the EU countries dropped by 31 percent.
MENAFN0604202000450000ID1099975856
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