New record in automotive exports
Posted by meb at December 28th, 2007
The automotive sector has broken a record in Turkish exports, despite the drop in domestic demand in 2007. Automotive exports reached $20.9 billion as of Dec.25 from the beginning of the year and are expected to be around $21-22 billion by the end of this year. This is the highest export figure in a single sector on record for Turkey. Textiles and apparel take second spot with $15.7 billion in exports, followed by iron and steel with $11.2 billion. According to data from exporter unions, Turkey’s exports hit $104.4 billion between Jan. 1 and Dec. 25, in a 24 percent increase over the same period last year. Automotive exports saw a 38.3 percent jump in the same period. Electronic exports hit $8.9 billion in the Jan. 1- Dec. 25 period, while exports of machinery reached $5.4 billion and metal exports hit $5.1 billion. In the cement industry exports increased to $2.5 billion, and jewelry exports rose to $1.5 billion. Exports of all manufacturing industries combined increased by 26.5 percent to $71.2 billion. In 2006, exports in the automotive sector attained a level of $15.1 billion in the Jan. 1- Dec. 25 period and $15.5 billion for the entire year. Textile and apparel exports witnessed a 15.4 percent increase in the same period. Textile exports reached $13.6 billion in the Jan. 1- Dec. 25, 2006 period and $13.7 billion for the whole year.
source: Today’s Zaman
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