Why Turkey?
“Turkey’s 2023 target is to take place among the world’s 10 largest economies in the 100th year of the Republic. Such a country in the economic top ten list can produce its own automobile brand, it is a reachable target”.
Toyota Turkey CEO Orhan Ozer
Key figures for Turkish Automotive sector
13 Billion USD supplier industry export
Top export markets: Germany, France, UK
National export champion since 2006
75% of total exports to EU
Realizes 15% of domestic exports
Turkey: Global Leader in Export & National Export Champion since 2016 & Europe's largest vehicle manufacturer in 2022
Top Exported Spare Part Products
Engine parts
Tyres and tubes
Accessories for bodies
Road wheels and parts
Rubbers parts for motor vehicles
Transmission crank and shafts
Why the Turkish Automotive Industry is attractive?
Strategic location
Turkey is located at the center of 3 major markets (Europe, Middle East and Central Asia)
Turkey is a natural bridge between both East-West and North-South axes
Turkey has easy access to 1,5 billion customers in Europe, Eurasia, the Middle East and North Africa (24 trillion $ GDP)
Turkish Automotive Industry
High sense of quality
High production capacity
Wide product range
Qualified, well-trained motivated labour four
High export potential
Innovation design
High level customer portfolio
Production at EU standards
Automotive culture and supplier base
Patnership with world-leading manufacturers
Foreign direct investments in Turkey
2017 Foreign Direct Investments: 10,8 b$
Foreign trade surplus
between 2006-2022
79 b$
Many multinational companies have production hubs in Turkey, serving for local and export markets (mainly Eurozone)
Source: Automotive Industry Exporters Assocciation