The Turkish automotive industry broke an all-time export record in 2023, reaching USD 35 billion in international sales with a 13 percent year-on-year increase, according to the Uludağ Automotive Industry Exporters' Association (OIB).
Capping off the year on a high note, the automotive industry achieved the highest figures in the country's overall exports, claiming a 15.8 percent share. In December alone, the industry maintained its leading position with a 1.1 percent increase, totaling USD 3.1 billion in exports compared to the same period in 2022.
The supply industry, the largest product group in automotive exports, saw a 9 percent increase in exports to USD 14.1 billion in 2023, accounting for 40.4 percent of total automotive exports. During the same period, passenger car exports soared by 19 percent, bus-minibus-midibus by 57 percent, and truck exports by 22 percent.
Germany emerged as the top market for the Turkish automotive industry in 2023, receiving USD 4.8 billion worth of products with an increase of 11 percent.
Throughout the year, exports rose 33 percent to France, 21.5 percent to Italy, 34 percent to Spain, 21 percent to Poland, 21 percent to Slovenia, 13 percent to Belgium, 42 percent to the Russian Federation, 28 percent to Romania, and 30 percent to the Netherlands.