Turkey’s export of cars to US decreases
BAKU, Azerbaijan, Jan. 13
By Rufiz Hafizoglu – Trend:
Turkey’s export of cars to the US decreased by 6.6 percent in 2019 compared with the results of 2018, amounting to slightly over $1 billion, a source in Turkey’s Ministry of trade told Trend Jan. 13.
Turkey’s export of cars to the US also decreased by 29.9 percent in December 2019 compared with December 2018, amounting to $81.6 million, the ministry said.
Turkey’s export of cars dropped by 3.1 percent in 2019 compared to the previous year, amounting to $30.5 billion or 17 percent of Turkey's total exports in 2019.
Export of cars from Turkey increased by 2.9 percent in December 2019 compared with the same month of 2018, amounting to $2.5 billion or 16.5 of total Turkey’s total export.
Turkey’s foreign trade amounted to $33.2 billion in November 2019.
In this period Turkey’s export increased by 0.1 percent compared with November 2019, amounting to $15.5 billion.
At this time, import to Turkey increased by 9.7 percent compared with November 2018 and reached $17.7 billion.
Turkey’s foreign trade amounted to $340.5 billion in the first 11 months of 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.
Follow the author on Twitter: @rhafizoglu