NEWS Automotive        15/02/2021

Turkey’s automotive exports decrease by 13.8% in January 2021

According to figures presented in the Automotive Industrialists’ Association’s (OSD) monthly report for January 2021, total automotive production was 106,176 units in January 2021, 3.3% lower than the figure for the same month of the previous year. Of this total, car production was 68,777 units in January 2021, 8.8% lower than the figure for the same month of the previous year. Commercial vehicle production increased by 8.8% to 37,399 units.

 

Despite the cheap loans offered by state banks being discontinued in August, domestic sales have remained comparatively strong over the following six months. Though this demand has ensured that production has held up,  deterioating export figures are beginning to adversely effect net production figures. The continuation of the ongoing economic recession, fiscal tightening in Turkey and lower export demand from Europe due to the continuing COVID-19 pandemic, will all continue to have a debilitating effect on production in the coming months.

 

Total automotive production in the year 2020 was 1,297,854 units, down 11.2% from the figure of 1,461,244 units for the previous year.

Total car production in the year 2020 was 855,043 units, down 13% from the figure of 982,642 units for the previous year.

 

Total automotive production was 1,461,244 units in the year 2019, 1,550,260 units in 2018, 1,695,731 units in 2017, 1,485,927 units in 2016, and 1,358,796 units in 2015.

Total car production was 982,642 units in 2019, 1,026,481 units in 2018, 1,142,906 units in 2017, 950,888 units in 2016, and 791,027 units in 2015.

 

2017 was a record year for automotive production in Turkey, but production fell 8.6% in 2018, 5.7% in 2019, and 11.2% in 2020. Automotive production in 2020 has fallen below the figure achieved in 2015.

 

In OSD’s report for January 2021, figures for production, sales, imports and exports are as follows :

 

**   Total production decreased by 3.3% in January 2021 to 106,176 units compared with the same month of the previous year. Of this total, production of cars decreased by 8.8% to 68,777 units.

**   Total automotive sales increased by 60.8% in January 2021 to 42,230 units compared with the same month of the previous year.

**   Total automotive imports increased by 69.9% in January 2021 to 27,668 units compared with the same month of the previous year

**   Total automotive exports decreased by 13.8% in January 2021 to 77,569 units compared with the same month of the previous year.

**   In USD terms, total automotive exports decreased by 6.4% to USD 2,305.3 million, with car exports decreasing by 22.4% to USD 801.9 million in January 2021.

 

       Click here for full OSD monthly report for January 2021

 



Turkey’s net minimum wage has been raised 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate increases to 19.25% in August 2021       Turkey’s official unemployment rate shoots back up to 12% in July 2021       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,614,362 as of 2020 yearend       Foreigners visiting Turkey in 2020 falls by 71.7% to 12.7 million       Turkey’s private sector foreign debt is USD 173.9 billion as of 2020 yearend       Turkey’s economy grew by 1.8% in 2020       Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020