Turkey’s auto exports to EU fall 56.1% to $882 mio in January
Posted by meb at February 9th, 2009
Turkish automotive sector exports to EU-member states declined 56.1 percent to $882.6 million in January 2009 compared to the same period in 2008, the Anatolian Agency reported citing Uludag Exporters’ Association figures.
Turkey’s automotive exports to European Union countries, with the exclusion of Malta and Latvia, fell in the same term, the figures revealed.
Exports to EU-member states fell 60.5 percent to $648.9 million, while exports to Spain were down 91.7 percent to $10 million and exports to Romania declined 76 percent to $21 million. In January 2007, exports to Spain reached $132 million and exports to Romania stood at $92 million.
Exports to Malta climbed 76.1 percent to $22.7 million and to Latvia at 29.6 percent to $190,000.
In addition to the fall recorded in Turkey’s largest auto market, exports to Russia also declined 67 percent to $28.2 million. Turkish automotive exports recorded a rise to Syria, Iraq, Iran, India, Japan, Afghanistan, Libya, Sudan and Guinea.
The fall in both domestic and export demand also caused a sharp fall in country’s industrial production. According to the official figures announced on Monday, Turkish industrial production fell 11.9 percent year-on-year in December.
Over the year as a whole the annual average industrial output fell 0.4 percent, compared with a rise of 6.9 percent in 2007 and a rise of 7.8 percent in 2006.
source: Hurriyet daily news
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