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China increases import of Turkish cars

Türkiye Materials 29 November 2020 10:16 (UTC +04:00)
China increases import of Turkish cars

BAKU, Azerbaijan, Nov. 29

Trend:

Car exports from Turkey to China increased by 10.90 percent from January through October 2020, compared to the same period of 2019, amounting to $40.2 million, the Turkish Trade Ministry told Trend.

In October 2020, Turkey’s car exports to China grew by 25.95 percent compared to October 2019 and amounted to $4.87 million.

According to the ministry, Turkey’s exports of cars to global markets over the past 10 months of 2020 decreased by 20.9 percent over the year, amounting to $20.05 billion.

At the same time, Turkish car exports accounted for 14.8 percent of the country's total exports.

In October 2020, Turkey exported $2.91 billion worth of cars to world markets, which is 3.7 percent more compared to the same month of 2019.

Turkey’s car exports in October 2020 made up 16.8 percent of the country's total exports.

Over the past 12 months (from October 2019 through October 2020), Turkey exported vehicles worth $25.2 billion abroad.

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