Export of cars from Turkey to Russia increases
BAKU, Azerbaijan, Jan. 25
By Rufiz Hafizoglu – Trend:
Despite the fact that Russia is one of exporters of car industry to neighboring countries and to world markets, the demand for Turkey’s cars increases in this country, Turkey’s ministry of Trade told Trend.
Turkey is interested on export of cars to the Russian and other markets, a source in the ministry said.
Turkey’s export of cars to Russia increased by 16.4 percent from January through December 2019 compared to the same period of 2018, amounting to $528.1 million.
In December 2019, export of cars from Turkey to Russia dropped by 4.3 percent compared to December 2018, amounting to $31.3 million, the ministry said.
Turkey’s export of cars dropped by 3.1 percent in 2019 compared to 2018, amounting to $30.5 billion or 17 percent of Turkey's total export.
Export of cars from Turkey increased by 2.9 percent in December 2019 compared to the same month of 2018, amounting to $2.5 billion or 16.5 percent of Turkey’s total export.
Turkey’s foreign trade amounted to $33.2 billion in November 2019.
In November 2019, Turkey’s export increased by 0.1 percent compared to November 2018, amounting to $15.5 billion.
In this month, Turkey’s import increased by 9.7 percent compared to the same month of 2018, and reached $17.7 billion.
Turkey’s foreign trade amounted to $340.5 billion from January through November 2019.
Turkey ranks sixth in Europe on car production. Ford, Fiat, Renault, Toyota, Honda, Opel, Hyundai, Mercedes-Benz and MAN are assembled in Turkey. Turkey also manufactures local brands of buses such as BMC, Temsa and Otokar.
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