Turkey Automotive Exports To France Hit New Records In 2017
$ 2.9 billion of Turkish automotive products have been exported in 2017, a 16% increase compared to 2016
Paris, 17 January 2018 - The Turkish Exporters Assembly (TIM) today unveiled the 2017 figures for Turkish automotive exports to France. With automotive exports to France reaching $ 2.9 billion in 2017, a level never seen before, France confirms its status of preferred trading partner for Turkey.
France, 3rd largest export market for Turkey in automotive industry.
In 2017, Turkey exported $ 1.5 billion worth of passenger cars (+ 30% compared to 2016), followed by automotive parts and components ($ 647 million, -5%) and commercial vehicles ($ 406 million, + 13%) to France. Conversely, Turkey’s auto imports from France reached $ 994 million in 2017.
|2016||2017||Évolution 2016/2017 en %|
|Automotive Supplier Industry (engines, brakes, etc.)||679.400.043||647.146.498||-5|
|Vehicles for Transport of Goods||360.520.318||406.078.563||13|
|Road Tractors for semi-trailers||70.382.910||121.545.896||73|
|Motorcycles - Bicycles||7.363.424||2.074.789||-72|
%77 of Turkey's auto exports go to the 28 EU members. France, which accounts for 10% of all Turkish automotive exports worldwide, is Turkey's third largest export partner in this market, after Germany (17%) and Italy (12%).
“France has long been one of our main partners in the automotive sector and remains a major export market for Turkey. Looking ahead to 2018 and beyond, we expect accelerated growth and market access for French and European companies” comments Orhan Sabuncu, Chairman of the Turkish Automotive Industry Exporters' Association.
Turkey produced 1.9 million vehicles units in 2017.
The country ranks 14th among the world's motor vehicle producing countries. Turkey, which produces 6.8% of all vehicles built in the EU, is the 5th largest car manufacturer and the largest commercial vehicle manufacturer in Europe. Fiat, Ford, Hyundai, Mercedes, Peugeot, Renault or Temsa vehicles are among the most popular on the market.
Its prominence in the sector is also reflected in its exports, which account for 77% of all automotive production. The country relies on a network of suppliers of 4,000 exporting SMEs, 200,000 employees and 200 international investors.
By 2023, Turkey is expected to produce and export 4 and 3 million car units respectively.
Established in 1993 and headquartered in Istanbul, the Turkish Exporters Assembly (TIM) leads Turkey’s group of 70,000 exporters present in 26 different industries in which export records are maintained. The Turkish Exporters Assembly conducts foreign trade transactions and is the umbrella organization of 60 exporter associations throughout the region and sector-wide, divided into 13 different sub-groups.