Significant Growth in Turkish Automotive Sector: Italy Confirmed as Key Player
As one of the world’s top automotive producers and exporters, Turkey is forecasted to reach over $27 billion in automotive exports in 2017, according to data from Turkish Exporters Assembly
Italy among top export markets for Turkey, with automotive exports to Italy increasing by 49% in 2016, totaling $2.8 billion
MILAN, November 16th, 2017— Data from the Turkish Exporters Assembly (TIM) indicate significant growth in the Turkish automotive sector in recent years, confirming Italy as a key export market.
Turkey is listed as the world’s 14th top global automotive producer, producing 1,485,927 units in 2016 and moving up three spots from its 2014 ranking at No. 17. In 2017, the total production capacity for motor vehicle manufacturers in Turkey is 1.9 million units.
In Europe’s 28 member countries, Turkey is the 5th top automotive producer and leading producer of commercial vehicles, producing 6.8% of all vehicles manufactured in the region. The country is also the 7th top producer of passenger cars in Europe.
Turkey’s leadership in the industry is also apparent by its performance in exports, which make up 77% of its total automotive production. Turkey’s advanced supplier network is made up of 4,000 exporter SME’s, 200,000 employees and 200 foreign investors, which contributed to $9 billion in exports in 2016. In the same year, the total value of automotive exports in Turkey, from both Turkish OEMs and suppliers, reached $23.9 billion (1.486.000 production units; 1.141.000 export units). In 2017, Turkish export growth in the industry is forecasted to reach over $27 billion (1.650.000 production units; 1.350.000 export units).
Turkish Automotive Exports to Germany and Europe
Turkey exports to 190 countries, with 79% of its total automotive exports destined to EU-28 countries. Germany is Turkey’s largest single export market, with a 17% share of Turkey’s total exports worldwide. Other top export markets include Italy (12% share); France (10%); UK (9%); Spain, Belgium, Slovenia, the Netherlands and Poland (31%); and non-EU countries, such as the United States, which make up the remaining 21% of Turkey’s total export share.
“In recent years, Turkey has substantially increased its foothold in the global automotive sector, both in terms of production and exports,” said Orhan Sabuncu, Chairman of Uludağ Automotive Industry Exporters' Union (OIB). “Germany has historically been one of our key partners in the industry, and continues to be an important export market for Turkey. Moving forward in 2017 and beyond, we intend to increase this exceptional growth and continue facilitating market access to German and European companies.”
Turkish Automotive Exports to Italy (Million USD)
Source: Turkish Exporters Assembly
Turkish Automotive Imports from Italy (Million USD)
Source: Turkish Statistical Institute – HS Code 87
Turkish Automotive Exports to Italy by Product Group (Million USD)
|2015||2016||16/15 Chg. %|
Vehicles for Transport of Goods
|Automotive Supplier Industry||557.425.004||572.912.677||3|
Road Tractors for semi-trailers
Source: Turkish Exporters Assembly (TİM)