1. “ECONOMIC REVIEW AND TURKEY’S TRADE WITH FINLAND” Embassy of Turkey, Office of the Commercial Counsellor 14.09.2011

2. FOREIGN TRADE OUTLOOK September 2011 Embassy of Turkey, Office of the Commercial Counsellor * TURKEY AT A GLANCE * TURKISH ECONOMY IN THE WORLD * FOREIGN TRADE DEVELOPMENTS OF TURKEY * TRADE WITH FINLAND

3. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 3 TURKEY AT A GLANCE; STORY OF A FASTEST DEVELOPING DEMOCRATIC COUNTRIES IN THE WORLD...

4. MEMBERSHIP TO INTERNATIONAL ORGANIZATIONS September 2011 Embassy of Turkey, Office of the Commercial Counsellor 4 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

5. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 5 TURKISH ECONOMY IN THE WORLD...

6. 6 TEXTILES INDUSTRY AS TURKEY IS 1 ST HOME TEXTILES EXPORTER IN THE WORLD AND SECOND TEXTILES SUPPLIER IN THE EU MARKET. Embassy of Turkey, Office of the Commercial Counsellor

7. 7 EXPORTS 2 nd in the WORLD PRODUCTION 3 rd in EUROPE CEMENT INDUSTRY Embassy of Turkey, Office of the Commercial Counsellor

8. 8 TURKEY IS THE 6 TH JEWELRY PRODUCER IN THE WORLD JEWELRY Embassy of Turkey, Office of the Commercial Counsellor

9. 9 IRON AND STEEL TURKEY IS THE WORLD LEADER IN PRODUCTION OF STEEL BARS AND RODS IN THE WORLD WITH %17 OF GLOBAL PRODUCTION. Embassy of Turkey, Office of the Commercial Counsellor

10. 10ELECTRONICS TURKISH TELEVISION INDUSTRY RANKS 2 ND IN THE EUROPEAN MARKET. TURKISH HOME APPLIANCES INDUSTRY RANKS 4 TH IN THE EUROPEAN MARKET. Embassy of Turkey, Office of the Commercial Counsellor

11. 11 TRUCKS AND TRANSPORTATION VEHICLES EXPORTS 5 TH in the WORLD 2 nd in the EU Embassy of Turkey, Office of the Commercial Counsellor

12. 12 TOURISM POTENTIAL of TURKEY 1980 1.2 Million INCREASED 22 TIMES INCREASED 22 TIMES IN 2010 MORE THAN 27 MİLLON TOURISTS VISITED TURKEY 7 TH BIGGEST TOURIST DESTINATION IN THE WORLD Embassy of Turkey, Office of the Commercial Counsellor

13. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 13 World’s Biggest Economies (Turkey is 16th biggest GDP based on Purchasing Power Parity, Trillion Dolar, 2009) * In 2010, with 1,038 billion USD (puchasing power parity), she is at 15th place (World Bank) or 16th place (IMF, CIA)

14. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 14 Europe’s Biggest Economies (GDP based on Purchasing Power Parity, Trillion Dolar, 2009) Source: IMF, World Economic Outlook * In 2010, Turkey has again 6th biggest economy in Europe.

15. GDP Developments of Some Regions and Countries (2010) September 2011 Embassy of Turkey, Office of the Commercial Counsellor 15 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%.

16.  IMF has updated its growth forecasts and raised the annual growth rate prediction of Turkey for 2011 to 4.6 %. Source: IMF, OECD, European Commussion Growth Forecasts for Some Countries and Country-Groups(%) YearsTurkeyEuro-zoneUSABrazilRussiaIndiaChina IMF 20114.62.02.54.14.88.29.6 20124.54.51.72.73.64.57.89.5 20164.01.72.74.24.08.19.5 OECD 20116.52.02.64.14.98.59.0 EU 20116.11.62.64.44.58.09.3 Growth Forecasts for Some Economies Embassy of Turkey, Office of the Commercial Counsellor 16 September 2011

17. Embassy of Turkey, Office of the Commercial Counsellor 17 Comparison of Europe and Turkey: Real GDP Growth (2001=100)

18. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 18 FOREIGN TRADE DEVELOPMENTS OF TURKEY...

19. Annual Exports (Billion USD) Source: TURKSTAT (*) Annualized as of June 2011 September 2011 Embassy of Turkey, Office of the Commercial Counsellor

20. Foreign 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 Counsellor 20 2009 - 2010 / Jan.-June 2011 Yearly (Billion Dollars)Change (%) Jan.-June (Million Dollars) Change (%) 2009201010/092010201111/10 Exports (FOB) 102.1113.911.5 54,765,619,9 Energy Exports 3.94.515.0 2,03,258,8 Exports of Gold 4.62.1-55.3 1,80,6-67,5 Imports (CIF) 140.9185.531.7 83,4119,643,4 Energy Imports 29.938.528.7 17,624,841,0 Trade Volume 243.1299.423.2 138,1185,234,1 Trade Balance -38.8-71.784.8 -28,7-54,088,2 Trade Balan. excluding energy -12.8-37.6194.0 -13,1-32,4147,0 Exports / Imports (%) 72.561.4- 65.654.8 - September 2011 * Chapter 27 is used for Energy

21. 21 Main Export Destinations Main Export Destinations (January-June 2011) Main Import Partners Main Import Partners (January-June 2011) (Billion Dollars) The Main Trade Partners Source:Turkstat September 2011 Embassy of Turkey, Office of the Commercial Counsellor

22. Breakdown of Exports by Regions Million Dollars JuneJanuary-June 20102011Change (%)20102011Change (%) EUROPE (TOTAL) 5,1206,500 27,0 30,81937,605 22,0 EUROPEAN UNION (EU_27) 4.1785.499 31,6 25.11931.595 25,8 OTHER EUROPE 9421.001 6,3 5.7006.010 5,4 AFRICAN COUNTRIES 807857 6,2 4.9054.724 -3,7 North African Countries 611578 -5,4 3.8213.137 -17,9 Other African Countries 197279 41,6 1.0851.587 46,3 AMERICA 625610 -2,4 2.8123.822 35,9 North American Countries 330392 18,8 1.9322.586 33,9 Mid. Amer. and Caribbean Count. 17038 -77,6 341313 -8,2 South American Countries 125180 44,0 539923 71,2 ASIAN COUNTRIES 2.7783.180 14,5 14.95217.981 20,3 Near and Mid. East Countries 2.0762.321 11,8 10.79813.102 21,3 Other Asian Countries 702859 22,4 4.1534.879 17,5 AUSTRALIA AND NEW ZEALAND 3441 20,6 185225 21,6 OTHER COUNTRIES (incl. Free Zones of Turkey) 178200 12,4 10431.277 22,4 TOTAL 9.54311.388 19,3 54.71765.632 19,9 22 Source: TURKSTAT September 2011 Embassy of Turkey, Office of the Commercial Counsellor

23. Exports (ISIC) (Million Dollars) 20092010 10/09 Change (%) JANUARY-JUNE 20102011CHANGE(%) AGRICULTURE AND FORESTRY4,3484.94013.6 2.3552.4222,8 FISHERY189156-17.4 769424,2 MINING AND QUARRYING1,6832,67759.0 1.2661.2801,1 MANUFACTURING 95,449105,57010.6 50.67361.46921.3 MOTOR VEHICLES 9,82010,87210.7 5.6356.1499,1 WEARING APPAREL, EXCEPT FUR APPAREL 9,49910,45510.1 5.1915.93614,3 BASIC IRON AND STEEL 9,08110,22512.6 4.8076.41833,5 BASIC PRECIOUS AND OTHER NON-FERROUS METALS 6,0224,228-29.8 2.7511.976-28,2 REFINED PETROLEUM PRODUCTS 3,6474,18414.7 1.8703.08264,8 PARTS AND ACCESSORIES FOR MOTOR VEHICLES 2,8573,77732.2 1.7852.37733,2 SPINNING, WEAVING AND FINISHING OF TEXTILES 3,2003,57711.8 1.7062.20729,4 KNITTED AND CROCHETED APPAREL 2,9403,42816.6 1.4091.75024,2 DOMESTIC APPLIENCES 3,0623,39610.9 1.5331.75114,2 PLASTIC PRODUCTS 2,5823,02217.1 1.3971.78527,8 OTHERS47463934.8 3473675,6 TOTAL102,143113,98111.6 54.71765.63219,9 23 ISIC: International Standard Industrial Classification Source:Turkstat September 2011 Embassy of Turkey, Office of the Commercial Counsellor

24. Imports (BEC) (Million Dollars)20092010 10/09JANUARY-JUNE Change % 20102011 Change % CAPITAL GOODS21,46328,81834.311.91218.82358,0 INTERMEDIATE GOODS99,510131,44332.160.37884.97640,7 Industrial supplies not elsewhere specified, processed43,49158,73335.0 27.05237.674 39,3 Fuels and lubricants, primary17,77322,22725.1 461528 14,5 Fuels and lubricants, processed10,84814,67435.3 5.7057.359 29,0 Industrial supplies not elsewhere specified, primary7,98512,25753.5 5.6558.164 44,4 Parts and accessories of transport equipment7,84110,58134.9 4.8266.434 33,3 Parts and accessories of capital goods8,2929,0649.3 4.0935.372 31,2 Food and beverages, primary, mainly for industry2,0742,79434.7 1.3982.529 80,9 Food and beverages, processed, mainly for industry1,2061,113-7.7 521891 71,0 CONSUMPTION GOODS19,29024,73528.210.85615.35341,4 OTHERS666546-18.125245982,2 TOTAL140,928185,54231.7 83.398119.610 43,4 BEC: Broad Economic Categories Source: Turkstat 24 September 2011

25. Million DollarsEXPORTSIMPORTSBALANCECHANGE %* (January-June)20102011201020112010201110/11 1 VEHICLES OTHER THAN RAILWAY 7.0067.9705.2538.8871.753-917- 2 NON-ELECTRICAL MACHINERY 4.4445.6199.35513.787-4.911-8.16939,9 3 IRON AND STEEL 4.1305.6137.8169.703-3.686-4.0909,9 4 APPAREL -CLOTHING, KNITTED 3.7154.2373995433.3163.69410,2 5 ELECTRICAL MACHINERY 3.4913.9976.7898.382-3.298-4.38524,8 6 MINERAL FUELS 2.0263.21617.60424.827-15.578-21.61127,9 7 ARTICLES OF IRON AND STEEL 2.2852.8248971.2621.3881.56311,2 8 APPAREL -CLOTHING, NOT KNITTED 2.1792.5626398821.5401.6808,3 9 PLASTICS AND ARTICLES 1.7202.2284.6286.718-2.908-4.49035,2 10 EDIBLE FRUIT AND NUTS 1.3111.6131691971.1421.41619,4 LIST TOTAL 32.30739.87953.54975.188-21.242-35.30939,8 TOTAL 54.71765.63283.398119.610-28.681-53.97846,9 * % change is based on exports Source: TURKSTAT25 Main Items of Exports September 2011 Embassy of Turkey, Office of the Commercial Counsellor

26. Main Items of Imports Million DollarsIMPORTSEXPORTSBALANCECHANGE%* (January-May) 20102011201020112010201110/11 1 MINERAL FUELS 17.60424.8272.0263.216-15.578-21.61127,9 2 NON-ELECTRICAL MACHINERY 9.35513.7874.4445.619-4.911-8.16939,9 3IRON AND STEEL 7.8169.7034.1305.613-3.686-4.0909,9 4VEHICLES OTHER THAN RAILWAY 5.2538.8877.0067.9701.753-917291,2 5ELECTRICAL MACHINERY 6.7898.3823.4913.997-3.298-4.38524,8 6PLASTICS AND ART. THEREOF 4.6286.7181.7202.228-2.908-4.49035,2 7ORGANIC CHEMICAL PRODUCTS 2.1272.914238298-1.890-2.61627,8 8AIRCRAFT AND PARTS THEREOF 8862.562155158-731-2.40469,6 9 COTTON AND COTTON PRODUCTS 1.6832.3906901.053-992-1.33725,8 10 PHARMACEUTICAL PRODUCTS 2.1312.361275293-1.856-2.06810,3 LIST TOTAL 58.27282.53124.17530.445-34.097-52.08734,5 TOTAL 83.398119.61054.71765.632-28.681-53.97846,9 26 * % change based on imports Source: TURKSTAT September 2011 Embassy of Turkey, Office of the Commercial Counsellor

27. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 27 TRADE WITH FINLAND...

28. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 28 Foreign Trade of Finland YEAR IMPORTS (000.000 € ) % CHANGE EXPORTS (000.000 € ) % CHANGE BALANCE (000 € ) 200655 252+ 1761 489+ 17+ 6 236 200759 492+ 865 484+ 7+ 5 991 200862 402+ 565 580+ 0+ 3 178 2009 43 655 - 31 45 063 - 32 + 1 409 2010 51 500 + 17,9 52 372 +16,2873

29. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 29 Main Trade Partners of Finland COUNTRY 2010 IMPORTS (1000 € ) Share (%) 2010 Exports (1000 € ) Share (%) Balance 1Russia 9 163 17,8 4 689 9,0 -4 474 2Germany 6 836 13,3 5 264 10,1 -1 571 3Sweden 5 220 10,1 5 987 11,4767 4China 3 776 7,3 2 687 5,1 -1 089 5Nederlands 2 798 5,4 3 545 6,8747 6USA 1 767 3,4 3 672 7,0 1 905 7UK 1 603 3,1 2 504 4,8901 8France 2 012 3,9 1 775 3,4-237 9Italy 1 429 2,8 1 365 2,6-63 10Belgium 1 223 2,4 1 518 2,9295 Other Countries 15 675 30,4 19 366 37,0 3 691 TOTAL 51 500 100 52 372 100873

30. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 30 Major Import Items of Finland in 2010 NoCN CodeDefinition Value (1000 € ) 127 MINERAL FUELS, OILS, WAXES 9 488 041 284 MACHINERY & MECHANICAL APPLIANCES, COMPUTERS 5 514 381 385 ELECTRICAL MACHINERY & EQUIP. & PARTS 5 384 907 472 IRON & STEEL 2 246 621 539 PLASTICS & ARTICLES THEREOF 1 750 818

31. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 31 NoCN Code DefinitionValue (1000 € ) 148 PAPER & PAPERBOARD, ARTICLES OF PAPER PULP 7 412 046 284 MACHINERY & MECHANICAL APPLIANCES, COMPUTERS 7 190 426 385 ELECTRICAL MACHINERY & EQUIP. & PARTS 6 457 518 427 MINERAL FUELS, OILS, WAXES 4 210 964 572 IRON & STEEL 3 530 788 Major Export Items of Finland in 2010

32. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 32 YEAR EXPORTSIMPORTS 2003 214.069.330479.864.643 2004 256.331.251708.289.838 2005 296.560.810962.032.069 2006 359.278.5441.138.911.037 2007 412.409.5631.208.411.748 2008 367.128.0661.180.798.750 2009 196.622.349795.958.841 2010 296.093.3711.115.496.426 2011 (1-7) 202.859780.884 Foreign Trade Between Turkey and Finland ($)

33. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 33 Finland-Turkey Exports-Imports Comparison

34. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 34 Finland-Turkey Trade Balance and Volume

35. Embassy of Turkey, Office of the Commercial Counsellor 35 September 2011 CN CODE EXPORTS $ % DEFINITIONto FinlandSHARE 87 VEHICLES OTHER THAN RAILWAY OR TRAMWAY69.154.16623,3 26 ORES SLAG & ASH39.733.55413,4 84 MACHINERY & MECHANICAL APPLIANCES, COMPUTERS29.587.0269,9 61 ARTICLES OF APPAREL & CLOTHING ACCESSORIES19.329.3396,5 85 ELECTRICAL MACHINERY & EQUIP. & PARTS, 15.654.1805,2 69 CERAMIC PRODUCTS11.047.3993,7 27 MINERAL FUELS, OILS, WAXES9.049.7083,0 63 MADE-UP TEXTILE ARTICLES8.939.9403,0 40 RUBBERS & ARTICLES THEREOF8.786.1962,9 28 INORGANIC CHEM, ORG/INORG COMPOUNDS7.912.0442,6 29 ORGANIC CHEMICALS1.899.2070,6 First 10 Items Exported from Turkey to Finland in 2010

36. September 2011 Embassy of Turkey, Office of the Commercial Counsellor 36 CN CODE IMPORTS $ NAME from Finland % SHARE 85 ELECTRICAL MACHINERY & EQUIP. & PARTS, 307.076.32028% 48 PAPER & PAPERBOARD, ARTICLES OF PAPER PULP263.872.16924% 84 MACHINERY & MECHANICAL APPLIANCES, COMPUTERS140.235.24013% 72 IRON & STEEL90.731.4878% 47 PULP OF WOOD, WASTE & SCRAP OF PAPER72.045.7626% 39 PLASTICS & ARTICLES THEREOF61.396.8626% 30 PHARMACEUTICAL PRODUCTS 39.474.5894% 29 ORGANIC CHEMICALS17.805.2692% 43 FURSKINS & ARTIFICIAL FUR, MANUFACTURES15.478.0661% 90 OPTICAL, PHOTOGRAPHIC, MEDICAL INSTRUMENTS13.913.2031% First 10 Items Imported from Finland to Turkey in 2010

37. THANK YOU!... Embassy of Turkey, Office of the Commercial Counsellor 37 September 2011

38. Embassy of Turkey, Office of the Commercial Counsellor 38 CONTACT INFORMATION OF THE OFFICE OF THE COMMERCIAL COUNCELLOR: WEB PAGE: http://www.counsellors.gov.tr/ Tel: 9 477 41 70 Fax: 9 44 44 92 E-mail: helsinki@economy.gov.tr http://www.counsellors.gov.tr/