Turkish Economy - News & Updates

[Mr.Department]

Her name?

Just a suprise pic from her. They are welcome in Türkiye.

 

[what]

But that's beside the point. What I'm having a hard time understanding here is why do we have to give such a lucrative business as running our airports' duty free shops to a foreign entity? Why aren't Turkish companies running German airports' duty free shops instead?

Because they have offered the best deal to the Turkish consortium building the Airport.

 

[Bismarck]

Turkey's exports increased by 11.2 percent in November, reaching $14.21 billion, while exports went up 21.3 percent to reach $20.54 billion, the Turkish Statistical Institute (TurkStat) said Friday.

The TurkStat also said the foreign trade deficit rose 52.4 percent in November, amounting to $6.3 billion.

The rate of exports meeting imports, meanwhile, fell to 69.2 percent compared to 75.5 percent in November 2016.

Despite currently frosty relations between Ankara and Berlin, Germany was Turkey's top trading partner in November in terms of both imports and exports.

Exports to Germany stood at $1.38 billion, while imports from the country reached $1.98 billion.

Turkey's exports in the first 11 months of 2017 amounted to over $143.2 billion — a 10.4 percent rise compared with the same period in 2016, TurkStat said.

The country's foreign trade volume reached $353.9 billion between January and November this year, marking a 15 percent annual increase, according to provisional data produced by TurkStat and the Ministry of Customs and Trade.

Turkish imports climbed 16.9 percent to $210.7 billion, amounting to a foreign trade deficit of $67.5 billion over the same period.

TurkStat said Germany was Turkey's top export market, at $13.8 billion, or a 9.7 percent share of total exports, while $67.4 billion worth of Turkish exports were delivered to EU28 countries from January to November this year.

In the same period, Turkey imported the most from China ($21.2 billion), Germany ($19.1 billion) and Russia ($17.6 billion).

The manufacturing industry accounted for the biggest share of total exports, at almost 94 percent, followed by agriculture and forestry (3.2 percent), and mining and quarrying (2.2 percent).

The share of high technology products in manufacturing industry exports was 3.8 percent while the exports shares of medium-high and low technology products were 34.4 and 33.3 percent, respectively.

Regarding imports, intermediate goods represented the lion's share with 73.7 percent, reaching $155.2 billion, followed by capital goods (13.9 percent, $29.2 billion) and consumption goods (12.2 percent, $25.7 billion).

The TurkStat data revealed that the manufacturing industry had the largest share in Turkey's imports (81.5 percent, $171.8 billion), of which $70.9 billion were medium-high tech imports, followed by medium-low tech ($55.7 billion) and high tech ($25.7 billion).

Last month, Turkey's exports rose 11.2 percent year-on-year to reach $14.2 billion, while imports climbed to $20.5 billion — a 21.3 percent hike.

"In November 2017 foreign trade deficit was $6.32 billion with a 52.4 percent increase compared with November 2016," TurkStat said.

The percentage of imports covered by exports was 69.2, falling from 75.5 percent in the same month of 2016.

https://www.dailysabah.com/economy/2017/12/29/turkeys-exports-rise-112-percent-in-november

never .... do you think that you are discussing with a teenie ?

You talked from her. Is that a secret, she is a public person.

 

[Mr.Department]

public person

Public persons who support Turkey are rare and prefer not to be mentioned with names,
but only companies. That's sad. You know how Rheinmetall CEO was attacked.

 

[Bismarck]

Public persons who support Turkey are rare and prefer not to be mentioned with names,
but only companies. That's sad. You know how Rheinmetall CEO was attacked.

There are many public persons who suppprt Turkey, but they will not quoted in western media. Tell me one German Defence manufacturer who were not attacked. That’s part of their business.

 

[Mr.Department]

they will not quoted in western media

Every German investor who has sympathy to Turkey is target . Please remember the Green and Left who demanded to stop economic relations to Turkey.

 

[OguzSenturk]

http://www.haberturk.com/tim-2017-ihracati-1571-milyar-dolar-1780878-ekonomi

Exports increased %10.22 and reached $157billion. If no political crisis/unexpected development happens and growth keep going like that, we could see $250billion exports by 2023, together with $50billion tourism revenue Turkey wouldn't have any current account deficit.

But Turkey still has to join one economic alliance, or create one itself.

 

[Bismarck]

http://www.haberturk.com/tim-2017-ihracati-1571-milyar-dolar-1780878-ekonomi

Exports increased %10.22 and reached $157billion. If no political crisis/unexpected development happens and growth keep going like that, we could see $250billion exports by 2023, together with $50billion tourism revenue Turkey wouldn't have any current account deficit.

But Turkey still has to join one economic alliance, or create one itself.

Imports also increased by 17.9% and reached $234 billon dollar. That’s a deficit of $77 billion. Minus tourism revenue of $25 billion plus FDI of $10 billion. A net deficit of $42 billion. That’s a huge number.

 

[Mr.Department]

Imports also increased by 17.9% and reached $234 billon dollar. That’s a deficit of $77 billion. Minus tourism revenue of $25 billion plus FDI of $10 billion. A net deficit of $42 billion. That’s a huge number.

Seems you are from the upper level , go and ask 20 Million poor people


Thats Germany

1. Mülteci akimi sonra suc orani % 10 artmis - Increae of crime
2. 2017 Enflasyonu en az % 2 - Inflation
3. Iyi Sigir et fiyati kg 15 Euro = 65 TL - 1 kg quality meat
3. 200 gr kaliteli tereyag 2.50 Euro = 12 TL - 200 gr butter
4. Berber erkek tras 12 Euro = 55 TL- Man hairdreser
5. Vergi orani ortalama % 38 - average tax
6. Aclik siniri 408 Euro = 1800 TL - existence minimum per individuum

 

[OguzSenturk]

Imports also increased by 17.9% and reached $234 billon dollar. That’s a deficit of $77 billion. Minus tourism revenue of $25 billion plus FDI of $10 billion. A net deficit of $42 billion. That’s a huge number.

... and that is why i said;

If no political crisis/unexpected development happens and growth keep going like that, we could see $250billion exports by 2023, together with $50billion tourism revenue Turkey wouldn't have any current account deficit.

 

[kartal1]

https://twitter.com/x/status/949079544832643073

 

[KediKesenFare3]

https://twitter.com/x/status/949079544832643073

Not quite right.

1. Iran is pumping more gas to Turkey to clear its 2 billion USD fine:

https://financialtribune.com/articles/energy-economy/66369/iran-clears-40-of-gas-fine-to-turkey

2. If you look at the Turkish data in greater detail, you'll see that our Gold trade with Iran effectively ceased. In 2017 Jan.-Aug. period down to less than 50 million USD from 950 million USD last year same period.

 

[OguzSenturk]

Antalya hosted 10.5 million tourists during 2017. That figure was 6.4 million in 2016.
http://www.haberturk.com/antalya-da...len-ruslar-la-10-milyonu-asti-1785435-ekonomi

 

[Bismarck]

... and that is why i said;

Again. You have grow on both (import/export) side. On import side, you have a much bigger increase than export side. I don’t think that tourism revenue and FDI can fill the gap. And if you really expect $50billion by tourism revenue, you must double the tourist income (60 mio).

 

[Mr.Department]

http://www.summerhome.com.tr/News/Antalya-in-3rd-place-with-over-11-million-visitors-per-year.html

Though Kathy readed your post and was well amused