“economic review and turkey’s trade with finland” embassy of turkey, office of the commercial...

““ECONOMIC REVIEW AND ECONOMIC REVIEW AND TURKEY’S TRADE WITH FINLAND”TURKEY’S TRADE WITH FINLAND”

Embassy of Turkey, Office of the Commercial CounsellorEmbassy of Turkey, Office of the Commercial Counsellor

14.09.201114.09.2011

FOREIGN TRADE OUTLOOKFOREIGN TRADE OUTLOOK

SeptemberSeptember 2011 2011


* TURKEY AT A GLANCE

* TURKISH ECONOMY IN THE WORLD

* FOREIGN TRADE DEVELOPMENTS OF TURKEY

* TRADE WITH FINLAND

SeptemberSeptember 2011 2011 Embassy of Turkey, Office of the Commercial CounsellorEmbassy of Turkey, Office of the Commercial Counsellor 33

TURKEY AT A GLANCE;

STORY OF A FASTEST DEVELOPING DEMOCRATIC COUNTRIES IN THE WORLD...

MEMBERSHIP TO INTERNATIONAL ORGANIZATIONSMEMBERSHIP TO INTERNATIONAL ORGANIZATIONS


MEMBER

OF THE

WTO

MEMBER OF THE

ORGANIZATION OF ISLAMIC

CONFERENCE

MEMBER OF THE OECD

TURKEY MEMBER OF THE NATO

FOUNDING MEMBER OF THE

ECONOMIC COOPERATION ORGANIZATION

FOUNDING MEMBER OF THE ORGANIZATION OF BLACK SEA

ECONOMIC COOPERATION

FREE TRADE AGREEMENTS

WITH THE EFTA & THE CEE COUNTRIES

CUSTOMS UNION

WITH THE EUROPEAN UNION


TURKISH ECONOMY IN THE WORLD...

6

TEXTILES INDUSTRYTEXTILES INDUSTRY

AS TURKEY IS 1AS TURKEY IS 1STST HOME HOME TEXTILESTEXTILES EXPORTER I EXPORTER IN THEN THE WORLD AND SECOND WORLD AND SECOND TEXTILES SUPPLIER IN THE TEXTILES SUPPLIER IN THE EU MARKET.EU MARKET.


7

EXPORTSEXPORTS

2nd in the WORLD

PRODUCTIONPRODUCTION

3rd in EUROPE

CEMENT INDUSTRY


8

TURKEY IS THE 6TH JEWELRY PRODUCER IN THE WORLD

JEWELRYJEWELRY


9

IRON AND STEELIRON AND STEEL

TURKEY IS THE WORLD LEADER IN PRODUCTION OF STEEL BARS AND RODS IN THE WORLD WITH %17 OF GLOBAL PRODUCTION.


10

ELECTRONICSELECTRONICS

TURKISH TELEVISION INDUSTRY RANKS 2ND IN

THE EUROPEAN MARKET.

TURKISH HOME APPLIANCES INDUSTRY RANKS 4TH IN THE EUROPEAN MARKET.


11

TRUCKS AND TRANSPORTATION VEHICLESTRUCKS AND TRANSPORTATION VEHICLES

EXPORTSEXPORTS

5TH in the WORLD2nd in the EU


12

TOURISM POTENTIAL of TURKEYTOURISM POTENTIAL of TURKEY

1980 1.2 Million INCREASED

22 TIMESINCREASED

22 TIMES

IN 2010 MORE THAN 27 MİLLON TOURISTS VISITED TURKEYIN 2010 MORE THAN 27 MİLLON TOURISTS VISITED TURKEYIN 2010 MORE THAN 27 MİLLON TOURISTS VISITED TURKEYIN 2010 MORE THAN 27 MİLLON TOURISTS VISITED TURKEY

77TH TH BIGGEST TOURIST DESTINATION IN THE WORLD BIGGEST TOURIST DESTINATION IN THE WORLD 77TH TH BIGGEST TOURIST DESTINATION IN THE WORLD BIGGEST TOURIST DESTINATION IN THE WORLD



World’s Biggest Economies (Turkey is 16th biggest GDP based on Purchasing Power Parity, Trillion Dolar, 2009)

0,0 2,0 4,0 6,0 8,0 10,0 12,0 14,0 16,0

USChinaJapanIndia

GermanyUK

RussiaFranceBrazil

ItalyMexico

KoreaSpain

CanadaIndonesia

TurkeyAustralia

IranTaiwanPoland

* In 2010, with 1,038 billion USD (puchasing power parity), she is at 15th place (World Bank) or 16th place (IMF, CIA)


Europe’s Biggest Economies (GDP based on Purchasing Power Parity, Trillion Dolar, 2009)

0,0 0,5 1,0 1,5 2,0 2,5 3,0

Germany

United Kingdom

France

Italy

Spain

Turkey

Poland

Netherlands

Belgium

Sweden

Greece

Austria

Switzerland

Source: IMF, World Economic Outlook

* In 2010, Turkey has again 6th biggest economy in Europe.

GDP Developments of Some Regions and Countries (2010)GDP Developments of Some Regions and Countries (2010)


0,0 2,0 4,0 6,0 8,0 10,0 12,0

United Kingdom

EU (27)

USA

Germany

Japan

Russia

Mexico

Brazil

Turkey

China

India

1,3

1,8

2,8

3,5

3,9

4,0

5,5

7,5

8,9

10,3

10,4

Source: IMF Outlook

In Medium Term Program (2011-2013), it was predicted that Turkey will grow by 6.8%. Turkish economy grown by 8.9%.

IMF has updated its growth forecasts and raised the annual growth rate prediction of Turkey for 2011 to 4.6 %.

Sou

rce

: IM

F, O

EC

D,

Eu

rop

ean

Co

mm

uss

ion

Growth Forecasts for Some Countries and Country-Groups(%)

Years Turkey Euro-zone USA Brazil Russia India China

IMF

2011 4.6 2.0 2.5 4.1 4.8 8.2 9.6

2012 4.5 1.7 2.7 3.6 4.5 7.8 9.5

2016 4.0 1.7 2.7 4.2 4.0 8.1 9.5

OECD 2011 6.5 2.0 2.6 4.1 4.9 8.5 9.0

EU 2011 6.1 1.6 2.6 4.4 4.5 8.0 9.3

Growth Forecasts for Some EconomiesGrowth Forecasts for Some Economies

Embassy of Turkey, Office of the Commercial CounsellorEmbassy of Turkey, Office of the Commercial Counsellor 1616SeptemberSeptember 2011 2011


90

100

110

120

130

140

150

160

00

Q1

00

Q3

01

Q1

01

Q3

02

Q1

02

Q3

03

Q1

03

Q3

04

Q1

04

Q3

05

Q1

05

Q3

06

Q1

06

Q3

07

Q1

07

Q3

08

Q1

08

Q3

09

Q1

09

Q3

10

Q1

10

Q3

Turkey Hungary Poland SpainPortugal Italy Euro Area

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


FOREIGN TRADE DEVELOPMENTS OF TURKEY...

132,0

102,1113,9 115,6

36,147,3

63,2

107,3

85,5

73,5

0

25

50

75

100

125

150

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011*

Annual Exports (Billion USD)

Source: TURKSTAT

(*) Annualized as of June 2011

SeptemberSeptember 2011 2011 Embassy of Turkey, Office of the Commercial CounsellorEmbassy of Turkey, Office of the Commercial Counsellor

Foreign Trade DevelopmentsForeign Trade Developments

In the period of January-June 2011 compared with the same month in 2010,Exports and imports increased by 19.9 % and 43.4 % respectively. Trade deficit reached to 54.0 billion dollars , rising by 88.2 %.

Source: Turkstat

Embassy of Turkey, Office of the Commercial CounsellorEmbassy of Turkey, Office of the Commercial Counsellor 2020

20020099 - 2010 - 2010 / Jan.-June 2011/ Jan.-June 2011

Yearly (Billion Dollars) Change (%) Jan.-June (Million Dollars) Change (%)

2009 2010 10/09 2010 2011 11/10Exports (FOB) 102.1 113.9 11.5 54,7 65,6 19,9

Energy Exports 3.9 4.5 15.0 2,0 3,2 58,8

Exports of Gold 4.6 2.1 -55.3 1,8 0,6 -67,5

Imports (CIF) 140.9 185.5 31.7 83,4 119,6 43,4

Energy Imports 29.9 38.5 28.7 17,6 24,8 41,0

Trade Volume 243.1 299.4 23.2 138,1 185,2 34,1

Trade Balance -38.8 -71.7 84.8 -28,7 -54,0 88,2

Trade Balan. excluding energy -12.8 -37.6 194.0 -13,1 -32,4 147,0

Exports / Imports (%) 72.5 61.4 - 65.6 54.8 -

SeptemberSeptember 2011 2011

* Chapter 27 is used for Energy

2121

Main Export Destinations Main Export Destinations (January-June 2011)

Main Import Partners Main Import Partners (January-June 2011)

(Billion Dollars) (Billion Dollars)

The Main Trade PartnersThe Main Trade Partners

5,8

7,2

9,0

9,1

10,0

0,0 2,0 4,0 6,0 8,0 10,0 12,0

Italy

USA

China

Russia

Germany

5,3

5,6

5,8

6,6

10,5

0 5 10 15

France

Irak

UK

Italy

Germany

Source:Turkstat


Breakdown of Exports by RegionsBreakdown of Exports by Regions

Million DollarsJune January-June

2010 2011 Change (%) 2010 2011 Change (%)

EUROPE (TOTAL) 5,120 6,500 27,0 30,819 37,605 22,0 EUROPEAN UNION (EU_27) 4.178 5.499 31,6 25.119 31.595 25,8 OTHER EUROPE 942 1.001 6,3 5.700 6.010 5,4 AFRICAN COUNTRIES 807 857 6,2 4.905 4.724 -3,7 North African Countries 611 578 -5,4 3.821 3.137 -17,9 Other African Countries 197 279 41,6 1.085 1.587 46,3 AMERICA 625 610 -2,4 2.812 3.822 35,9 North American Countries 330 392 18,8 1.932 2.586 33,9 Mid. Amer. and Caribbean Count. 170 38 -77,6 341 313 -8,2 South American Countries 125 180 44,0 539 923 71,2 ASIAN COUNTRIES 2.778 3.180 14,5 14.952 17.981 20,3 Near and Mid. East Countries 2.076 2.321 11,8 10.798 13.102 21,3 Other Asian Countries 702 859 22,4 4.153 4.879 17,5 AUSTRALIA AND NEW ZEALAND 34 41 20,6 185 225 21,6OTHER COUNTRIES (incl. Free Zones of Turkey) 178 200 12,4 1043 1.277 22,4

TOTAL 9.543 11.388 19,3 54.717 65.632 19,9

2222

Source: TURKSTAT


Exports (ISIC)Exports (ISIC)

(Million Dollars) 2009 201010/09

Change (%)

JANUARY-JUNE

2010 2011 CHANGE(%)

AGRICULTURE AND FORESTRY 4,348 4.940 13.6 2.355 2.422 2,8FISHERY 189 156 -17.4 76 94 24,2MINING AND QUARRYING 1,683 2,677 59.0 1.266 1.280 1,1MANUFACTURING 95,449 105,570 10.6 50.673 61.469 21.3 MOTOR VEHICLES 9,820 10,872 10.7 5.635 6.149 9,1 WEARING APPAREL, EXCEPT FUR APPAREL 9,499 10,455 10.1 5.191 5.936 14,3 BASIC IRON AND STEEL 9,081 10,225 12.6 4.807 6.418 33,5 BASIC PRECIOUS AND OTHER NON-FERROUS METALS 6,022 4,228 -29.8 2.751 1.976 -28,2 REFINED PETROLEUM PRODUCTS 3,647 4,184 14.7 1.870 3.082 64,8 PARTS AND ACCESSORIES FOR MOTOR VEHICLES 2,857 3,777 32.2 1.785 2.377 33,2 SPINNING, WEAVING AND FINISHING OF TEXTILES 3,200 3,577 11.8 1.706 2.207 29,4 KNITTED AND CROCHETED APPAREL 2,940 3,428 16.6 1.409 1.750 24,2 DOMESTIC APPLIENCES 3,062 3,396 10.9 1.533 1.751 14,2 PLASTIC PRODUCTS 2,582 3,022 17.1 1.397 1.785 27,8 OTHERS 474 639 34.8 347 367 5,6TOTAL 102,143 113,981 11.6 54.717 65.632 19,9

2323

ISIC: International Standard Industrial Classification Source:Turkstat


ImportsImports (BEC)(BEC)

(Million Dollars) 2009 201010/09 JANUARY-JUNE

Change % 2010 2011 Change

%

CAPITAL GOODS 21,463 28,818 34.3 11.912 18.823 58,0

INTERMEDIATE GOODS 99,510 131,443 32.1 60.378 84.976 40,7

Industrial supplies not elsewhere specified, processed 43,491 58,733 35.0 27.052 37.674 39,3 Fuels and lubricants, primary 17,773 22,227 25.1 461 528 14,5 Fuels and lubricants, processed 10,848 14,674 35.3 5.705 7.359 29,0 Industrial supplies not elsewhere specified, primary 7,985 12,257 53.5 5.655 8.164 44,4 Parts and accessories of transport equipment 7,841 10,581 34.9 4.826 6.434 33,3 Parts and accessories of capital goods 8,292 9,064 9.3 4.093 5.372 31,2 Food and beverages, primary, mainly for industry 2,074 2,794 34.7 1.398 2.529 80,9 Food and beverages, processed, mainly for industry 1,206 1,113 -7.7 521 891 71,0

CONSUMPTION GOODS 19,290 24,735 28.2 10.856 15.353 41,4

OTHERS 666 546 -18.1 252 459 82,2

TOTAL 140,928 185,542 31.7 83.398 119.610 43,4

BEC: Broad Economic Categories

Sour

ce: T

urks

tat

2424SeptemberSeptember 2011 2011

Million Dollars EXPORTS IMPORTS BALANCE CHANGE %*

(January-June) 2010 2011 2010 2011 2010 2011 10/11

1 VEHICLES OTHER THAN RAILWAY 7.006 7.970 5.253 8.887 1.753 -917 -

2 NON-ELECTRICAL MACHINERY 4.444 5.619 9.355 13.787 -4.911 -8.169 39,9

3 IRON AND STEEL 4.130 5.613 7.816 9.703 -3.686 -4.090 9,9

4 APPAREL -CLOTHING, KNITTED 3.715 4.237 399 543 3.316 3.694 10,2

5 ELECTRICAL MACHINERY 3.491 3.997 6.789 8.382 -3.298 -4.385 24,8

6 MINERAL FUELS 2.026 3.216 17.604 24.827 -15.578 -21.611 27,9

7 ARTICLES OF IRON AND STEEL 2.285 2.824 897 1.262 1.388 1.563 11,2

8APPAREL -CLOTHING, NOT KNITTED

2.179 2.562 639 882 1.540 1.680 8,3

9 PLASTICS AND ARTICLES 1.720 2.228 4.628 6.718 -2.908 -4.490 35,2

10 EDIBLE FRUIT AND NUTS 1.311 1.613 169 197 1.142 1.416 19,4

LIST TOTAL 32.307 39.879 53.549 75.188 -21.242 -35.309 39,8

TOTAL 54.717 65.632 83.398 119.610 -28.681 -53.978 46,9

* %

cha

nge

is b

ased

on

expo

rts

Source: TURKSTAT 2525

Main Items of ExportsMain Items of Exports


Main Items of ImportsMain Items of Imports

Million Dollars IMPORTS EXPORTS BALANCE CHANGE%*

(January-May) 2010 2011 2010 2011 2010 2011 10/11

1 MINERAL FUELS 17.604 24.827 2.026 3.216 -15.578 -21.611 27,9

2 NON-ELECTRICAL MACHINERY 9.355 13.787 4.444 5.619 -4.911 -8.169 39,9

3 IRON AND STEEL 7.816 9.703 4.130 5.613 -3.686 -4.090 9,9

4 VEHICLES OTHER THAN RAILWAY 5.253 8.887 7.006 7.970 1.753 -917 291,2

5 ELECTRICAL MACHINERY 6.789 8.382 3.491 3.997 -3.298 -4.385 24,8

6 PLASTICS AND ART. THEREOF 4.628 6.718 1.720 2.228 -2.908 -4.490 35,2

7 ORGANIC CHEMICAL PRODUCTS 2.127 2.914 238 298 -1.890 -2.616 27,8

8 AIRCRAFT AND PARTS THEREOF 886 2.562 155 158 -731 -2.404 69,6

9 COTTON AND COTTON PRODUCTS

1.683 2.390 690 1.053 -992 -1.337 25,8

10 PHARMACEUTICAL PRODUCTS 2.131 2.361 275 293 -1.856 -2.068 10,3

LIST TOTAL 58.272 82.531 24.175 30.445 -34.097 -52.087 34,5

TOTAL 83.398 119.610 54.717 65.632 -28.681 -53.978 46,9

2626

* %

cha

nge

bas

ed o

n im

port

s

Source: TURKSTAT



TRADE WITH FINLAND...


Foreign Trade of FinlandForeign Trade of Finland

YEARIMPORTS(000.000 €)

% CHANGE

EXPORTS(000.000 €)

% CHANGE

BALANCE(000 €)

2006 55 252 + 17 61 489 + 17 + 6 236

2007 59 492 + 8 65 484 + 7 + 5 991

2008 62 402 + 5 65 580 + 0 + 3 178

2009 43 655 - 31 45 063 - 32 + 1 409

2010 51 500 + 17,9 52 372 +16,2 873


Main Trade Partners of FinlandMain Trade Partners of Finland

COUNTRY2010 IMPORTS

(1000 €)Share (%)

2010 Exports (1000 €)

Share (%)

Balance

1 Russia 9 163 17,8 4 689 9,0 -4 474

2 Germany 6 836 13,3 5 264 10,1 -1 571

3 Sweden 5 220 10,1 5 987 11,4 767

4 China 3 776 7,3 2 687 5,1 -1 089

5 Nederlands 2 798 5,4 3 545 6,8 747

6 USA 1 767 3,4 3 672 7,0 1 905

7 UK 1 603 3,1 2 504 4,8 901

8 France 2 012 3,9 1 775 3,4 -237

9 Italy 1 429 2,8 1 365 2,6 -63

10 Belgium 1 223 2,4 1 518 2,9 295

OtherCountries

15 675 30,4 19 366 37,03 691

TOTAL 51 500 100 52 372 100 873


Major Import Items of Finland in 2010Major Import Items of Finland in 2010 No CN Code Definition

Value(1000 €)

1 27 MINERAL FUELS, OILS, WAXES 9 488 041

2 84MACHINERY & MECHANICAL APPLIANCES, COMPUTERS 5 514 381

3 85 ELECTRICAL MACHINERY & EQUIP. & PARTS 5 384 907

4 72 IRON & STEEL 2 246 621

5 39 PLASTICS & ARTICLES THEREOF 1 750 818


No CN Code

Definition Value (1000 €)

1 48PAPER & PAPERBOARD, ARTICLES OF PAPER PULP 7 412 046

2 84MACHINERY & MECHANICAL APPLIANCES, COMPUTERS

7 190 426

3 85ELECTRICAL MACHINERY & EQUIP. & PARTS

6 457 518

4 27 MINERAL FUELS, OILS, WAXES4 210 964

5 72 IRON & STEEL 3 530 788

Major Export Items of Finland in 2010Major Export Items of Finland in 2010


YEAR EXPORTS IMPORTS

2003 214.069.330 479.864.643

2004 256.331.251 708.289.838

2005 296.560.810 962.032.069

2006 359.278.544 1.138.911.037

2007 412.409.563 1.208.411.748

2008 367.128.066 1.180.798.750

2009 196.622.349 795.958.841

2010 296.093.371 1.115.496.426

2011 (1-7) 202.859 780.884

Foreign Trade Foreign Trade Between Turkey and FinlandBetween Turkey and Finland ($)($)


Finland-TurkeyFinland-TurkeyExports-Imports ComparisonExports-Imports Comparison


Finland-TurkeyFinland-TurkeyTrade Balance and VolumeTrade Balance and Volume


CN CODE

EXPORTS $

%

DEFINITION to Finland SHARE

87VEHICLES OTHER THAN RAILWAY OR TRAMWAY 69.154.166 23,3

26 ORES SLAG & ASH 39.733.554 13,4

84 MACHINERY & MECHANICAL APPLIANCES, COMPUTERS 29.587.026 9,9

61ARTICLES OF APPAREL & CLOTHING ACCESSORIES 19.329.339 6,5

85 ELECTRICAL MACHINERY & EQUIP. & PARTS, 15.654.180 5,2

69 CERAMIC PRODUCTS 11.047.399 3,7

27 MINERAL FUELS, OILS, WAXES 9.049.708 3,0

63 MADE-UP TEXTILE ARTICLES 8.939.940 3,0

40 RUBBERS & ARTICLES THEREOF 8.786.196 2,9

28 INORGANIC CHEM, ORG/INORG COMPOUNDS 7.912.044 2,6

29 ORGANIC CHEMICALS 1.899.207 0,6

First 10 Items Exported from Turkey to First 10 Items Exported from Turkey to Finland in 2010Finland in 2010


CN CODE

IMPORTS $

NAMEfrom Finland

% SHARE

85 ELECTRICAL MACHINERY & EQUIP. & PARTS, 307.076.320 28%

48PAPER & PAPERBOARD, ARTICLES OF PAPER PULP 263.872.169 24%

84MACHINERY & MECHANICAL APPLIANCES, COMPUTERS 140.235.240 13%

72 IRON & STEEL 90.731.487 8%

47 PULP OF WOOD, WASTE & SCRAP OF PAPER 72.045.762 6%

39 PLASTICS & ARTICLES THEREOF 61.396.862 6%

30 PHARMACEUTICAL PRODUCTS 39.474.589 4%

29 ORGANIC CHEMICALS 17.805.269 2%

43 FURSKINS & ARTIFICIAL FUR, MANUFACTURES 15.478.066 1%

90OPTICAL, PHOTOGRAPHIC, MEDICAL INSTRUMENTS 13.913.203 1%

First 10 Items Imported from Finland to First 10 Items Imported from Finland to Turkey in 2010Turkey in 2010

THANK YOU!...THANK YOU!...



CONTACT INFORMATION OF THE OFFICE OF THE CONTACT INFORMATION OF THE OFFICE OF THE

COMMERCIAL COUNCELLOR:COMMERCIAL COUNCELLOR:

WEB PAGE: WEB PAGE: http://www.counsellors.gov.tr/

Tel:Tel: 9 477 41 70 9 477 41 70

Fax:Fax: 9 44 44 92 9 44 44 92

E-mail:E-mail: [email protected] [email protected]

http://www.counsellors.gov.tr/

“economic review and turkey’s trade with finland” embassy of turkey, office of the commercial...

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