Turkey’s automotive exports drop in Q1 due to COVID-19


Turkey‘s automotive exports decreased by 10% to stand at $6.98 billion year-on-year in the first quarter due to the novel coronavirus pandemic, Uludağ Automotive Industry Exporters Association said.

The country’s automotive exports were $7.75 billion in the first quarter of 2019, the association’s data showed on March 5.

Monthly automotive exports also decreased by 28.5% to $2.1 billion in March, it said.

In the first quarter, the country’s overall exports also posted a decline of 4%.

The automotive sector’s exports to the EU countries narrowed by 31% in March.

Ruhsar Pekcan, the Turkish trade minister, has said last week that there will be a drop in the total foreign trade of Turkey, but the government is working to keep at the minimum level.

Turkey has confirmed a total of 501 fatalities from the novel coronavirus, while the number of infected people reached 23,934, according to official figures late on April 4.

Hurriyet Daily News


Please enter your comment!
Please enter your name here