Posted by meb at June 17th, 2008

A new report has revealed that Turkey’s exports of motor vehicles to Russia grew by 116 percent to $697.6 million in the first five months of the year compared to the same period last year.The report from the Automotive and Sub-Industry Products Exporters’ Union (UTAYSİB) noted that total exports from the automotive sector increased by 46.14 percent to $11.3 billion between Jan. 1 and May 31.

Turkey exports motor vehicles and spare parts to a number of countries in Europe, Central Asia, North America and Africa. Germany, France, Italy and Britain last year topped the list of countries importing motor vehicles and spare parts from Turkey.

In recent years, exports from the Turkish automotive sector to Russia increased considerably. With auto exports to Russia growing by 116 percent to $697.6 million, Russia ranks in fifth place behind Germany, France, Italy and Britain for auto import volume from Turkey. The top 10 countries receiving Turkey’s auto exports are listed in the table below in a comparison of the January-May period of 2007 and 2008.

source: Today’s Zaman