Coronavirus effect on automotive exports

Turkish automotive industry exports decreased by 28.5 percent in March due to the impact of the Covid-19 epidemic, reaching 2.1 billion dollars. In the first quarter of the year, industry exports decreased by 10 percent and reached 7 billion dollars.

According to Uludağ Automotive Industry Exporters Association (OİB) data, while there was a double-digit decrease in all main product groups last month, there was a 31 percent decrease in exports to EU Countries. While exports to the largest country markets such as Germany, France and the United Kingdom decreased, there was a 14 percent increase to Slovenia and a 51 percent increase to Egypt.

The automotive industry, which has been the leading sector in Turkey’s exports for 14 years in a row, experienced a 28.5 percent decrease in exports in March compared to the same period of the previous year due to the Covid-19 epidemic that was effective in the European Union countries, which are its main markets. According to Uludağ Automotive Industry Exporters Association (OİB) data, sector exports reached 2.1 billion dollars last month. The share of the industry, which ranked first in Turkey’s total exports, was 15.4 percent. While there was a double-digit decrease in all main product groups in March, there was a 31 percent decrease in exports to EU countries compared to the same period of the previous year. In the first quarter of 2020, covering the January-March period, the automotive industry’s exports decreased by 10 percent, reaching 7 billion dollars.

Passenger car exports decreased by 33 percent

In March, passenger car exports decreased by 33 percent on a product group basis and reached 789 million dollars. Supply Industry exports decreased by 19 percent to 770 million dollars, Motor Vehicles for Transporting Goods exports decreased by 35 percent to 301 million dollars, and Bus-Minibus-Midibus exports decreased by 44 percent to 103 million dollars.

While there was a 22 percent decrease in exports to Germany, the largest market in the Supply Industry, there was a 42 percent decrease to France, a 28 percent decrease to the United Kingdom, a 34 percent decrease to Italy, and a 12 percent increase to Romania. Among the important markets for passenger cars, there was a decrease of 49 percent in France, 75 percent in Italy, 47 percent in Israel, 32 percent in Germany, 24 percent in Poland, 24 percent in Belgium, 118 percent in Egypt and the USA. An increase of 33 percent was recorded. In Motor Vehicles for Transporting Goods, there was a 50 percent decrease in exports to Italy, 14 percent to Germany, 49 percent to the United Kingdom, 59 percent to France, 54 percent to the USA, and a 50 percent increase to Slovenia.

In the Bus-Minibus-Midibus product group, there was a decrease of 62 percent in France, 31 percent in Germany, 13 percent in Italy, 99 percent in Romania, while there was an increase of 388 percent in the Czech Republic.

25 percent decrease in exports to Germany, 51 percent increase in exports to Egypt

Exports to Germany, the industry’s largest market, amounted to 292 million dollars in March, with a 25 percent decrease. Again, exports to France decreased by 46 percent to 183 million dollars, while exports to the United Kingdom decreased by 26 percent to 181 million dollars. Last month, among the important markets, there was a 56.5 percent decrease in exports to Italy, 47 percent to Spain, 29 percent to Poland, 40 percent to Israel, 26 percent to Romania, 14 percent to Slovenia, and 51 percent to Egypt. happened.

The decline in exports to Germany was due to supply industry and passenger cars, the decline to France and Italy was due to passenger cars, and the decline to the United Kingdom was due to a decline in exports of motor vehicles for transporting goods. The increases in motor vehicles for transporting goods to Slovenia and in passenger cars to Egypt contributed to exports.

Exports to the EU fell by 31 percent

Last month, exports to the European Union Countries, the largest market on a country group basis, decreased by 31 percent to 1 billion 518 million dollars. EU Countries received a 73.6 percent share of industry exports. In the third month of the year, there was a 37 percent decrease in Middle Eastern countries and an 18 percent decrease in CIS countries.

Source: https://www.dunya.com/sektorler/otomotiv/otomotiv-ihracatinda-koronavirus-etkisi-haberi-466884

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