Automotive output in Turkey totals 1.3M units in 2020, including 916,543 units exports
ISTANBUL – Automotive production and exports in Turkey decreased by 11% and 27%, respectively, year-on-year in 2020, the country’s Automotive Manufacturers Association (OSD) said.
Last year, the automotive industry made the lion’s share of the country’s overall exports with 15%, the association said in a press release.
Automotive exports totaled 916,543 units, while automobile exports were 596,616 units, down 28% over the same period.
Commercial vehicle production also narrowed in 2020, down 9% year-on-year.
Last year, the automotive industry’s exports totaled $25.9 billion, while the capacity utilization rate was 65%.
The COVID-19 pandemic, which first appeared in December 2019 in China, affected several economic activities all around the world, especially in the EU, affecting many of Turkey’s main export destinations.