STRUCTURE OF TURKISH FOREIGN TRADE

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STRUCTURE OF TURKISH FOREIGN TRADE Barış Serkan Kopurlu

Economic Targets of 2014-2016 Medium Term Program *Actual ** Forecast (Medium Term Program, Ministry of Development – October 8, 2013) Medium Term Program which covers 2014-2016 period aims to reduce the current account deficit gradually and increase the growth rate by minimizing the effects of global uncertainty. February 2014 Ministry of Economy

Growth Forecasts for Selected Countries/Country Groups (%) February 2014 Ministry of Economy

GDP per capita

EU Defined Budget Deficit/ GDP (%) February 2014 Ministry of Economy

Government Debt / GDP (%) February 2014 Ministry of Economy

Unemployment Rates (%) Source: TURKSTAT In November 2013, both the unemployment rate and Seasonally adjusted unemployment rate was 9.9%. Seasonally adjusted unemployment rate in Euro Area was 12.0% and 10.7% in (EU28) in December 2013. In terms of unemployment ratio Turkey outperformed 14 EU countries according to current data. After Russia, Germany, England and France, Turkey has the 5th largest labor force among the European countries. (2012, World Bank) February 2014 Ministry of Economy

Targets in Merchandise Trade February 2014 Ministry of Economy

Turkey's Share in Global Merchandise Exports (%) February 2014 Ministry of Economy

Foreign Trade Developments February 2014 Ministry of Economy

Main Export Items February 2014 Ministry of Economy

Main Import Items February 2014 Ministry of Economy

TURKISH EXPORTS Sıra Ülke Rank Country 2013 2012 2011 Toplam 151 812 239 152 461 737 134 906 869 1 Almanya 13 702 970 13 124 375 13 950 825 2 Irak 11 954 971 10 822 144 8 310 130 3 İngiltere 8 773 820 8 693 599 8 151 430 4 Rusya Federasyonu 6 965 712 6 680 777 5 992 633 5 İtalya 6 717 817 6 373 080 7 851 480 6 Fransa 6 378 261 6 198 536 6 805 821 7 ABD 5 636 491 5 604 230 4 584 029 8 BAE 4 966 087 8 174 607 3 706 654 9 İspanya 4 335 803 3 717 345 3 917 559 10 İran 4 192 776 9 921 602 3 589 635 11 Çin 3 600 986 2 833 255 2 466 316 12 Hollanda 3 538 231 3 244 429 3 243 080 13 Mısır 3 200 921 3 679 195 2 759 311 14 Suudi Arabistan 3 191 529 3 676 612 2 763 476 15 Azerbaycan 2 960 376 2 584 671 2 063 996 16 Libya 2 753 285 2 139 440 747 629 17 İsrail 2 650 415 2 329 531 2 391 148 18 Romanya 2 617 102 2 495 427 2 878 760 19 Belçika 2 574 641 2 359 575 2 451 030 20 Ukrayna 2 189 865 1 829 207 1 729 760 Diğerleri 48 910 180 45 980 102 44 552 166

TURKISH IMPORTS Sıra Ülke Rank Country 2013 2012 2011 Toplam 251 650 823 236 545 141 240 841 676 1 Rusya Federasyonu 25 064 246 26 625 286 23 952 914 2 Çin 24 686 555 21 295 242 21 693 336 3 Almanya 24 181 545 21 400 614 22 985 567 4 İtalya 12 884 891 13 344 468 13 449 861 5 ABD 12 596 177 14 130 546 16 034 121 6 İran 10 383 117 11 964 779 12 461 532 7 İsviçre 9 647 289 4 304 864 5 018 977 8 Fransa 8 079 820 8 589 896 9 229 558 9 İspanya 6 417 722 6 023 625 6 196 452 10 Hindistan 6 367 869 5 843 638 6 498 651 11 İngiltere 6 270 860 5 629 455 5 840 380 12 Güney Kore 6 088 466 5 660 093 6 298 483 13 BAE 5 384 468 3 596 545 1 649 456 14 Ukrayna 4 516 333 4 394 200 4 812 060 15 Yunanistan 4 206 020 3 539 869 2 568 826 16 Belçika 3 843 435 3 690 309 3 959 279 17 Romanya 3 592 568 3 236 425 3 801 297 18 Japonya 3 453 189 3 601 427 4 263 730 19 Hollanda 3 362 322 3 660 634 4 004 955 20 Polonya 3 184 376 3 058 078 3 496 189 Diğerleri 67 439 555 62 955 148 62 626 053

Tariff Rates http://hts.usitc.gov/ February 2014 Ministry of Economy Source: WTO Tariff Profiles, 2012 http://hts.usitc.gov/ February 2014 Ministry of Economy

Breakdown of Foreign Investments by Country * January-December Source: CBRT February 2014 Ministry of Economy

The Advantages of Free Zones for Users Tax advantages for manufacturers Medium-and long-term investment view Availability to transfer profits Commercial facilities Exemption from customs duties Acquisition of the documents relating to the free movement of goods under the scope of Customs Union with the EU Principle of equality No time restrictions Flexibility to adjust to the market needs and conditions Reliable inflation accounting Market access to domestic and foreign markets Reduced bureaucratic procedures and dynamic business management Strategic advantages Affordable and compatible infrastructure Supply chain opportunities February 2014 Ministry of Economy

Free Zones in Turkey 57,010 people have been employed in Free Zones of Turkey in 2013. February 2014 Ministry of Economy