Turkish Economy - News & Updates

[OguzSenturk]

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.

The growth in Imports came from the hunger from 2016, there economy forced people to spend less. Also, $30 billion of that imports are energy spendings such as Natural Gas, imported Coal etc to burn them and generate electricity.

Their share will be very small in 2023 if renewable electricity investments keep going as they planned. So yeah, nope, if grows in exports keep continue with this pace, we wouldn't have any current account deficit problem in 2023.

 

[Bismarck]

The growth in Imports came from the hunger from 2016, there economy forced people to spend less. Also, $30 billion of that imports are energy spendings such as Natural Gas, imported Coal etc to burn them and generate electricity.

Their share will be very small in 2023 if renewable electricity investments keep going as they planned. So yeah, nope, if grows in exports keep continue with this pace, we wouldn't have any current account deficit problem in 2023.

We will see if hunger from 2016 will reach 2018. Your gainfully employed is also low (24 mio, compared to Germany 44 mio).

 

[KediKesenFare3]

A very, really good approach:
http://www.bloomberght.com/haberler...milyar-dolarlik-dis-ticaret-acigi-azaltilacak
This is the way how China has become so successful.

 

[OguzSenturk]

I thought reserves reduced since Afrin operations began, but it appears that reserves are even increased.
http://www.bloomberght.com/haberler/haber/2089917-merkez-in-brut-doviz-rezervleri-artti

That's a very good sign of economy.

 

[Mr.Department]

I thought reserves reduced since Afrin operations began, but it appears that reserves are even increased.
http://www.bloomberght.com/haberler/haber/2089917-merkez-in-brut-doviz-rezervleri-artti

That's a very good sign of economy.

Trust in Turkish decision

 

[Bismarck]

Turkey’s foreign trade gap rises to $76.7 billion in 2017
ANKARA

Turkey’s foreign trade gap rose to $76.7 billion in 2017, with a 36.8 percent year-on-year increase, official data has shown.

The country’s exports in 2017 amounted to over $157.05 billion, a 10.2 percent rise compared with the previous year, the Turkish Statistical Institute (TÜİK) announced on Jan. 31.

Imports to Turkey, meanwhile, climbed 17.7 percent to $233.79 billion, according to TÜİK data.

In December 2017, Turkey’s exports were $13.9 billion with a 8.6 percent increase and imports were $23 billion with a 25.4 percent increase compared to December 2016, leading to a $9.2 billion foreign trade gap with a 63.5 percent year-on-year increase.

Exports to the European Union increased by 15.6 percent in December 2017 and reached $6.5 billion. Thus the share of the EU in Turkey’s exports rose to 47.1 percent in December 2017 from 44.3 percent in the same month of 2016.

The main partner for exports was Germany in the last month of 2017 with $1.3 billion, followed by the United Kingdom, Italy and Iraq.

In December 2017, the top country for Turkey’s imports was also Germany with $2.2 billion. Germany was followed by China with nearly $2.1 billion and Russia with nearly $1.9 billion.

http://www.hurriyetdailynews.com/turkeys-foreign-trade-gap-rises-to-76-7-billion-in-2017-126548

 

[what]

That trade gap is the greatest obsticle in the Turkish economy (with the exception of the political instability).

We need more industry and renewable (or at least local) energy.

 

[SouI]

Turkey’s foreign trade gap rises to $76.7 billion in 2017
ANKARA

Turkey’s foreign trade gap rose to $76.7 billion in 2017, with a 36.8 percent year-on-year increase, official data has shown.

The country’s exports in 2017 amounted to over $157.05 billion, a 10.2 percent rise compared with the previous year, the Turkish Statistical Institute (TÜİK) announced on Jan. 31.

Imports to Turkey, meanwhile, climbed 17.7 percent to $233.79 billion, according to TÜİK data.

In December 2017, Turkey’s exports were $13.9 billion with a 8.6 percent increase and imports were $23 billion with a 25.4 percent increase compared to December 2016, leading to a $9.2 billion foreign trade gap with a 63.5 percent year-on-year increase.

Exports to the European Union increased by 15.6 percent in December 2017 and reached $6.5 billion. Thus the share of the EU in Turkey’s exports rose to 47.1 percent in December 2017 from 44.3 percent in the same month of 2016.

The main partner for exports was Germany in the last month of 2017 with $1.3 billion, followed by the United Kingdom, Italy and Iraq.

In December 2017, the top country for Turkey’s imports was also Germany with $2.2 billion. Germany was followed by China with nearly $2.1 billion and Russia with nearly $1.9 billion.

http://www.hurriyetdailynews.com/turkeys-foreign-trade-gap-rises-to-76-7-billion-in-2017-126548

Where the hell did we find the money to finance this deficit?

 

[what]

debt

 

[Bismarck]

Where the hell did we find the money to finance this deficit?

The bubble will burst soon.

 

[Kamil_baku]

Thats what taxes for.. also turists spend money in the country is not calculated here

 

[SouI]

The bubble will burst soon.

Gov debt to GDP is low and has decreased a lot though.

 

[damm1t]

The bubble will burst soon.

That bubble keeps growing for 30+ quarters in a row Mr. Soros

Where the hell did we find the money to finance this deficit?

Custom private import limit decreased to 20 Euro something from 50, if I am not mistaken. So people hopefully will stop buying tweezers from AliExpress online...

 

[what]

Custom private import limit decreased to 20 Euro something from 50, if I am not mistaken. So people hopefully will stop buying tweezers from AliExpress online...

Those tweezers hardly make a drop in the bucket, its the countries energy needs and other raw materials that make up the most of our imports.

 

[Bismarck]

Thats what taxes for.. also turists spend money in the country is not calculated here

Tourism revenue $ 26 billlion, plus FDI (foreign direct investments) of approximated $ 10 billon. Net - $ 40 billion. Year by year. Even the high exchange rate of dollar and euro could not stop the hunger of import goods.

That bubble keeps growing for 30+ quarters in a row Mr. Soros

Until it’s collapsed.