Turkish Daily News, 96-05-13

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From: Turkish Ministry of Foreign Affairs <http://www.mfa.gov.tr>

TURKISH DAILY NEWS
13 May 1996

CONTENTS

[01] Turkey's automotive exports soar 67% in January- April

[01] Turkey's automotive exports soar 67% in January- April

ANKARA - Exports by Turkish motor vehicle and parts producers rose 67 percent in January-April 1996 to $486.9 million from$291.8 million in the same 1995 period, the Association of Turkish Automotive Industry (OSD) said in a statement. Exports of motor vehicles made up $211.5 million of the total amount, up 239 percent from January-April 1995. Automotive parts exports increased only 20 percent to $275.4 million over the same period, the OSD said.

Bus exports boomed 675 percent to $64.1 million in the first four months of 1996 from previous $8.3 million while car exports leapt 217 percent to $128.6 million from $40.6 million in the first four months of last year. Leading Turkish car maker Tofas, owned equally by Fiat Auto and Koc Holding led the sector with car exports to European Union countries and Egypt.

The OSD said tractor producers also began exporting to Mexico and the U.S. for the first time. Buses were exported to Europe, Russia and Central Asian republics, it added. Turkish automotive exports rose sharply to $1.19 billion last year from$750.3 billion in 1994.Turkey imported 11,076 cars in the first four months, more than tripling from 3,606 in the same 1995 period and bringing the share of imports to 18 percent from previous six in the car market.

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