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Import of cars by US from Turkey down in 1H2020

Business Materials 30 July 2020 19:19 (UTC +04:00)
Import of cars by US from Turkey down in 1H2020

BAKU, Azerbaijan, July 30

By Rufiz Hafizoglu - Trend:

Export of cars from Turkey to the US decreased by 20.46 percent in the first half of 2020 compared to the same period in 2019, having made up $392 million, Turkey’s Ministry of Trade told Trend on July 30.

In June 2020, Turkey exported cars worth $79.5 million to the US, which is 14.22 percent more than in the same month of last year.

The export of cars from Turkey to the world markets decreased by 29.5 percent from January through June 2020, compared to the same period of 2019, and amounted to $10.8 billion.

According to the ministry, Turkey’s export of cars for the reporting period made up 14.4 percent of the country's total export.

In June 2020, Turkey exported the cars worth over $2 billion to the world markets, which is 7.9 percent more compared to the same month of 2019, the ministry said.

Turkey's export of cars in June 2020 amounted to 15 percent of the country's total export.

Over the past 12 months (from June 2019 through June 2020), Turkey exported the cars worth over $26 billion abroad.

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Follow the author on Twitter: @rhafizoglu

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