Foreign trade outlook
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FOREIGN TRADE OUTLOOK. April 2011. * TURKEY AT A GLANCE * TURKISH ECONOMY IN THE WORLD * FOREIGN TRADE DEVELOPMENTS OF TURKEY * TRADE WITH FINLAND. Embassy of Turkey, Office of the Commercial Counsellor. TURKEY AT A GLANCE; STORY OF A FAST DEVELOPING DEMOCRATIC COUNTRY. April 2011.

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FOREIGN TRADE OUTLOOK

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Foreign trade outlook

FOREIGN TRADE OUTLOOK

April 2011

* TURKEY AT A GLANCE

* TURKISH ECONOMY IN THE WORLD

* FOREIGN TRADE DEVELOPMENTS OF TURKEY

* TRADE WITH FINLAND

Embassy of Turkey, Office of the Commercial Counsellor


Foreign trade outlook

TURKEY AT A GLANCE;

STORY OF A FAST DEVELOPING DEMOCRATIC COUNTRY...

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

1. SUCCESSFUL ECONOMY

* Booming economy (USD 230 billion to USD 618 billion GDP from 2002 to 2009)

* Promising economy with a bright future as it is expected to be the fastest growing economy among the OECD members during 2011-2017 with an annual average real GDP growth rate of 6.7 percent

* 16th largest economy in the world and 6th largest economy compared to the EU area in 2009

* Institutionalized economy fueled by over USD 83 billion of FDI in the last 7 years and ranked as the 15th most attractive FDI destination for 2008-2010 (UNCTAD)  

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

  • 2. POPULATION

  • A population of 73 million people

  • Largest youth population compared with the EU

  • Median age 28.8

  • 60 percent of the population under the age of 35

3. QUALIFIED LABOR FORCE

* Over 24.7 million young, well-educated and motivated professionals

* 5th largest labor force compared with the EU

* Approximately 450,000 graduates from circa 150 universities

* Around 550,000 high school graduates, including one third from vocational and technical high schools

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

4. CENTRALLY LOCATED

* A natural bridge between both East-West and North-South axes, thus creating an efficient and cost effective outlet to major markets

* Easy access to 1.5 billion customers in Europe, Eurasia, the Middle East and North Africa

* Access to multiple markets worth USD 22 trillion of GDP

5. ENERGY CORRIDOR AND TERMINAL OF EUROPE

* An important energy terminal and corridor in Europe connecting the East and West

* As an energy transit country, Turkey currently has the capacity to transport 121 million tons of oil to the world markets per annum. In the near future, the annual transit capacity will increase to 221 million tons of oil and 43 billion m³ of natural gas.

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

6. CUSTOMS UNION WITH THE EU SINCE 1996

* Customs Union with the EU since 1996, and Free Trade Agreements (FTA) with 16 countries

* Accession negotiations with the EU since 2005

7. LARGE DOMESTIC MARKET

* 30 million internet users in 2009, up from 4 million in 2002

63 million GSM users in 2009, up from 23 million in 2002

* 44.4 million credit card users in 2009, up from 16 million in 2002

* Over 85 million airline passengers in 2009, up from 33 million in 2002

* 27.3 million international tourist arrivals in 2009, up from 13 million in 2002

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

TURKISH ECONOMY IN THE WORLD...

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

World’s Biggest Economies

(GDP based on Purchasing Power Parity, Trillion Dolar, 2009)

* In 2010, it is estimated that with 1,040 billion USD, she reached 15th place

Source: IMF, World Economic Outlook

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

Europe’s Biggest Economies

(GDP based on Purchasing Power Parity, Trillion Dolar, 2009)

Source: IMF, World Economic Outlook, October 2010

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Gdp developments of some regions and countries 2010

GDP Developments of Some Regions and Countries (2010)

Source: IMF Outlook

  • In Medium Term Program (2011-2013), it was predicted that Turkey will grow by 6.8%. According to the IMF, Turkey is forecasted to grow by 7.8%.

Embassy of Turkey, Office of the Commercial Counsellor


Growth forecasts for some economies

Growth Forecasts for Some Economies

Source: IMF, OECD, European Commussion

  • According to the IMF, Turkey will not be heavily affected by the European debt crisis,

  • OECD forecasts a positive outlook for Turkey

  • It will take time for private investment to reach pre-crisis level,

  • Turkey is one of the fastest growing economies in 2010.

Embassy of Turkey, Office of the Commercial Counsellor


Foreign trade outlook

Comparison of Europe and Turkey:Real GDP Growth (2001=100)

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

Average Inflation in Periods (%)

Source: TURKSTAT, CBRT

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

FOREIGN TRADE DEVELOPMENTS OF TURKEY...

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

Annual Exports (Billion USD)

(*) Annualized as of January 2011

Source: TURKSTAT

Embassy of Turkey, Office of the Commercial Counsellor

April 2011


Foreign trade developments

Foreign Trade Developments

2009 - 2010 / Jan. 2011

Source: Turkstat

In January2011 compared with the same month in 2010,

  • Exports and imports increased by 22,1% and 44,3% respectively.

  • Trade deficit reached to 7,3 billion dollars , rising by 89,4%.

Embassy of Turkey, Office of the Commercial Counsellor


Exports in main categories

Exports in Main Categories

ISIC: International Standard Industrial Classification

Source:Turkstat

Embassy of Turkey, Office of the Commercial Counsellor


Imports in main categories

Imports in Main Categories

BEC: Broad Economic Categories

Source: Turkstat

Embassy of Turkey, Office of the Commercial Counsellor


The main export destinations january 2011

The Main Export Destinations (January 2011)

Main Trade Partners (January 2011)

The Main ImportPartners(January 2011)

(Billion Dollars)

(Billion Dollars)

Embassy of Turkey, Office of the Commercial Counsellor


Breakdown of exports by regions

Breakdown of Exports by Regions

Source: Turkstat

Embassy of Turkey, Office of the Commercial Counsellor


Exports by some country groups

Exports by Some Country Groups

  • Neighbouring and Surrounding Countries are the main export partners

  • While exports to African countries declined, exports to CIS increased significantly

Embassy of Turkey, Office of the Commercial Counsellor


Breakdown of imports by regions

Breakdown of Imports by Regions

Source: Turkstat

Embassy of Turkey, Office of the Commercial Counsellor


Foreign trade in currencies

Foreign Trade in Currencies

  • Theshare of exports in Eurosandtheshare of imports in Dollarsarehigher.

Embassy of Turkey, Office of the Commercial Counsellor


Developments in real exchange rates

Developments in Real Exchange Rates

  • Turkish Lira’s real appreciation against dollar and euro was 49.1% and 14% respectively in the period of 2002-2009.

Embassy of Turkey, Office of the Commercial Counsellor


Foreign trade outlook

TRADE WITH FINLAND...

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade of finland

Foreign Trade of Finland

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Main trade partners of finland

Main Trade Partners of Finland

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Major import items of finland in 2010

Major Import Items of Finland in 2010

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

Major Export Items of Finland in 2010

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade between turkey and finland

Foreign Trade Between Turkey and Finland($)

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

First 10 Items Exporting from Turkey to Finland in 2010

Embassy of Turkey, Office of the Commercial Counsellor

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April 2011


Foreign trade outlook

First 10 Items Imported from Finland to Turkey in 2010

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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Foreign trade outlook

THANK YOU!...

April 2011

Embassy of Turkey, Office of the Commercial Counsellor

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