Turkey’s automotive exports to Russia

Imports of automobiles and spare parts to Russia in 2013 totaled USD 51.5 billion, with roughly half of the automobiles and spare parts coming from the European Union. Given the deteriorating political situation between Russia and the European Union and the EU sanctions on Russia as a result the situation in Ukraine, Turkish automotive companies are poised to strengthen their share of the Russian automotive market. Since 2009, Turkish automobile exports to Russia have increased, and Russia now is Turkey’s fifth largest automotive customer. Observers expect that share could double or even triple before the end of the decade.

For more information on this topic as well as on possible Turkish investment in Crimea and a proposal for a Russian-Turkish tree-trade zone and customs union, see the 21 October newsletter from ART DE LEX titled New Opportunities for Turkish Businesses and Investors available at http://artdelex.ru/eng/reviews/informatsionnyi-obzor-dlya-biznesa-i-investorov-turtsii-vypusk-4-2014.

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