Agencies
The automotive industry, Turkey’s leading export sector, boosted its shipments by approximately 6% in 2024 compared to a year before, achieving over $37 billion in foreign sales, the industry data showed on Monday.
The exports from the sector in 2024 increased by 6.3% compared to the previous year, reaching $37.2 billion (TL 1.31 trillion), according to data from the Uludağ Automotive Industry Exporters’ Association (OIB).
Maintaining its top position in the country’s export rankings, the sector succeeded in becoming the export champion for the 18th time in the past 19 years. The sector also held a leading position in exports in 2023, with a volume of $35 billion, according to Turkish Exporters Assembly (TIM) data.
The automotive sector’s share of Turkey’s total exports stood at 17.3% last year, the data showed.
Last week, announcing preliminary trade data for last year, President Recep Tayyip Erdoğan said the exports from the country rose by 2.5% annually for a new record of $262 billion.
In 2024, Germany remained the largest market for automotive exports, with $4.85 billion worth of exports.
