Car exports to Russia more than triple

Turkey's automobile sector made $83.3 million in exports to Russia in January, rising more than threefold over a year ago, according to new Automotive Industry Exporters Union (OIB) data. According to an analysis of OIB statistics conducted by the Anatolia news agency, the country's total automobile exports rose 6.1 percent in January year-on-year. Despite this overall increase, the sector's exports to its two largest markets, France and Italy, fell over 20 percent last month. Auto exports to these two countries came in at $200 million and $180 million in January, respectively. Car exports to Germany, Europe's most populous nation and the sector's third-largest export market, were $164.8 million in January, up 5.5 percent from a year ago. The UK, Russia, Spain, Belgium, the US, Romania and Poland, in descending order, followed Germany in car imports from Turkey last month.