Turkey: Exports of buses, minibuses nearing $1B

BURSA, Turkey

Turkey exported buses, minibuses, and midibuses worth $916.5 million to 87 countries from January to August this year, according to data released by an industry group on Wednesday.

A majority of the sales were to EU countries – France ($154.8 million), Germany ($147.1 million), and Italy ($89.6 million), figures compiled by the Uludag Automotive Industry Exporters Association (OİB) show.

Exports to Morocco, which was fourth on the list, increased by 27.79% compared to the same period last year and reached $35.6 million.

Sales to the Czech Republic stood at $26.5 million, marking a 112% increase in the eight-month period, while exports to Russia soared by 376.11% to hit $23.3 million.

Exports to Mexico, a developing market, surged by 244.32% to reach $15.2 million, up from $4.4 million in the Jan-Aug period last year.

Turkey ranks fifth in Europe’s automotive production list and the total investment volume of global brands in the country's automotive industry since 2000 has reached $15 billion, according to the Investment Office of the Presidency of the Republic of Turkey.

* Writing by Aysu Bicer in Ankara

BURSA, Turkey

Turkey exported buses, minibuses, and midibuses worth $916.5 million to 87 countries from January to August this year, according to data released by an industry group on Wednesday.

Exports to Morocco, which was fourth on the list, increased by 27.79% compared to the same period last year and reached $35.6 million.

Sales to the Czech Republic stood at $26.5 million, marking a 112% increase in the eight-month period, while exports to Russia soared by 376.11% to hit $23.3 million.

Exports to Mexico, a developing market, surged by 244.32% to reach $15.2 million, up from $4.4 million in the Jan-Aug period last year.

* Writing by Aysu Bicer in Ankara