Türkiye’s automotive exports fall 17 percent in May
Türkiye’s automotive industry exports declined 17 percent year-on-year in May to $3.26 billion, according to the Uludağ Automotive Industry Exporters’ Association (OİB).
OİB Chairman Kemal Yazıcı said the lower number of working days in May compared to the previous year had a negative impact on export performance.
Despite the decline, the automotive industry maintained its position as Türkiye’s top exporting sector, accounting for 16.8 percent of the country’s total exports.In the January-May period, automotive exports increased 2.6 percent year-on-year to $17 billion.
The supply industry, the sector’s largest product group, recorded exports of $1.2 billion in May, down 14 percent from a year earlier.
