The impact of the chip crisis in automotive exports continues

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In the automotive sector, where the problems caused by the chip crisis continue, exports decreased by 7 percent in March and became 2.7 billion dollars. The contraction reached 34 percent in passenger car exports. While the supply industry ‘brake’ to the harder loss, the first quarter exports of the sector remained at 7.5 billion dollars.
According to the data of Uludag Automotive Industry Exporters’ Association (OIB), the exports of the automotive industry in March decreased by 6.7 percent and became 2.7 billion dollars. While there was a double-digit increase in the supply industry and bus-midibus-minibus product groups in March, the double-digit decrease in the exports of passenger cars drew attention.

Loss due to parity 500 million dollars

OIB Chairman of the Board Baran Çelik, in his assessment of the first quarter figures, said, “Euro/Dollar parity in automotive in the first quarter of this year we have just left behind. There is an export loss of 500 million dollars. The impact of the chip crisis still continues. Parallel to this, in the first three months of the year, our automotive industry exports decreased by approximately 3 percent to 7.5 billion dollars. Our average monthly automotive exports in the first three months is 2.5 billion dollars,” he said.

Supply became a brake

Exports of the supply industry, which constitutes the largest product group, increased by 11 percent to 1 billion 162 million dollars in March, while passenger car exports decreased by 34 percent to 685 million dollars. Exports of motor vehicles for transporting goods decreased by 3 percent to 534 million dollars, and bus-minibus-midibus exports increased by 27 percent to 124 million dollars.

While an increase of 9 percent was observed in exports to Germany, which is the country to which the most exports are made in the supply industry, 16 percent to France, 25 percent to the USA, 17 percent to the United Kingdom, and Spain, which is one of the most important markets. Exports increased by 51 percent to Poland, 22 percent to Romania, 65 percent to Russia, 28 percent to Slovenia, and 40 percent to Egypt.

In passenger cars, 70 percent to France, 24 percent to Italy, 22 percent to Spain, 44 percent to Germany, 33 percent to the United Kingdom, 20 percent to Poland, and Belgium. While there was a 38 percent decrease in exports, there was a 10 percent increase in exports to Israel and 84 percent to Bulgaria.

Exports to France fell by 30 percent

411 million dollars were exported to Germany, the largest market on a country basis, with a decrease of 5 percent. Last month, 269 million dollars were exported to the United Kingdom, with a decrease of 4 percent. In March, exports to Italy decreased by 2 percent and became 241 million dollars, while exports to France 30 percent, Belgium 14 percent, Poland 67 percent, Egypt 31 percent, Morocco 21 percent, Russia 68 percent. Exports increased by 13 percent to Israel, 133 percent to Czechia, and 27 percent to Denmark.

Exports to the European Union countries, which are the largest market by country group, decreased by 6 percent and became 1 billion 807 million dollars in March. European Union countries received a 67 percent share of exports in March. Last month, there was also a 16 percent decrease in exports to African Countries, 50 percent to Commonwealth of Independent States, and 16 percent increase to Middle East Countries.

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