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FinancialNews


  • 05-11-20

    Turkey's automotive exports increase

    (MENAFN) Turkey's automotive industries have disclosed their businesses numbers and they portray that exports increased by 3.7 percent at USD2.9 billion this October making it the highest monthly export numbers for the mentioned month in two years.

    The Uludag Automotive Industry Exporters' Association (OIB) released information that show that the country's automotive exports to its largest market, EU countries increased by 6 percent at USD2.8 billion.

    The division also experienced a 9 percent rise in exports to the Middle East.

    However, Covid-19 outbreak really affected the sector within the first ten months as exports fell by 21 percent at USD20.1 billion.

    Baran Celik, the OIB's head stated:"October exports were the third-highest monthly value we have reached so far."

    MENAFN05112020000045011369ID1101075662

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