Presentazione Turchia

Republic of TurkeyMinistry of Economy

Melis AtamerCommercial Councellor

18 Februrary 2016


2

OUTLINE

•Macroeconomic Outlook

•Foreign Trade Outlook and Foregin Direct Investment Outlook

•Turkey-Italy Bilateral Economic Relations

•Automotive and Energy Sectors


3

Macroeconomic Outlook

21


Top 20 Economies (Current)

Source: IMF

According to GDP calculated on purchasing power parity Turkey ranks as (2014); 17th largest economy in the World 6th in Europe.

4


5

GDP Growth (%)

6,25,3

9,48,4

6,9

4,7

0,7

-4,8

9,2 8,8

2,2

42,9

2,3

3,8

-6

-4

-2

0

2

4

6

8

10

12

8, 4

6, 9

4, 7

8,8

4, 8

Perc

enta

ge

Source: TURKSTAT

IMF : Turkey 2015 - 3%2016 - 2,9%

OECD: Turkey 2017 - 3rd highest growing country

Prospects Source: TURKSTAT, IMF


6

GDP per capita has tripled since 2002

Per Capita GDP (USD)

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

3,492

4,565

5,775

7,0367,597

9,247

10,444

8,561

10,00310,428 10,459

10,82210.390


Central Government Budget Deficit/ GDP (%)

Source: Eurostat, TUİK* 2014

7


Government Debt / GDP (%)

Source: Eurostat*2014

8


Inflation (Annual Percentage Change)

Source: TURKSTAT

9

As of December 2015, inflation rate is 8,8%


Unemployment Rates (%)

Source: TURKSTAT

As of October 2015, unemployment rate is 10,5% WB: Turkey has the 5th largest labor force in Europe.


11

FOREIGN TRADE OUTLOOK

MERCHANDISE


12

Merchandise Trade of Turkey (Billion $)

12

When compared to 2002, Turkish exports are 4,4 times; imports are 4,7 times higher in 2014.

Turkey’s share in global trade is increasing. 2014: export share-0,83%; import share-1,27%


13

Shares of Country Groups in Merchandise Trade

Turkish Exports Turkish Imports

EU Coun-tries

43,5%

Other European Countries

9.6%African

Countries8.7%

American Countries

6.4%

Near East and Mid-dle East

Countries22.4%

Other Asian Countries

7.4% Others2.0%

EU Coun-tries

36,7%

Other European Countries

15,0%

African Countries 2.5%

Amer-ican

Coun-tries

7,8%

Near and

Middle East

Coun-tries

8,5%

Other Asian Coun-tries

23,2%

Others 6,4%

13


14

TOP TEN IMPORT COUNTRIES (2014)

Country Import (billion USD) Share (%)

Russia 25,3 10,4China 24,9 10,3Germany 22,4 9,2USA 12,7 5,3Italy 12,2 5,0Iran 9,8 4,1France 8,2 3,4South Korea 7,6 3,1India 6,9 2,9Spain 6,1 2,5List Total 136,1 56,2Total 242,2 100,0

TOP TEN EXPORT COUNTRIES (2014)

Country Import (billion USD) Share (%)

Germany 15,1 9,6Iraq 10,9 6,9

United Kingdom 9,9 6,3Italy 7,1 4,5France 6,5 4,1USA 6,4 4,0Russia 5,9 3,8Spain 4,8 3,0U.A.E 4.,7 3,0Iran 3,9 2,5List Total 75,1 47,7Total 157,7 100,00

Shares of Top Countries in Merchandise Trade


15

Structure of Imports (2014)

15

TOTAL IMPORTS

242,2 Billion $

Intermediate Goods176,7 Billion $

(Energy Imports: 54,9 Billion $)

Capital Goods36,0 Billion $

Consumption Goods29,0 Billion $

73 %

15 %

12 %


16

Top 10 Product Groups in Turkey’s Imports

16

Product Groups 2014 (million $)

2014 (%) Share

27 Mineral fuels, mineral oils etc. 54.906 22,7%

84 Machinery and mechanical appliances 28.104 11,6%

85 Electrical machinery and equipment 17.950 7,4%

72 Iron and steel 17.606 7,3%

87 Motor vehicles, parts and accessories 15.736 6,5%

39 Plastic and articles thereof 14.151 5,8%

71 Precious stones, precious metals and articles thereof 8.121 3,4%

29 Organic chemicals 5.833 2,4%

90 Optical, photographic,measuring, precision 4.878 2,0%

30 Pharmaceutical products 4.428 1,8%

LIST TOTAL 171.713 70,9%

TOTAL 242.224 100%


17

Structure of Exports (2014)

17

TOTAL EXPORTS

157,6 Billion $

Intermediate Goods75,1 Billion $

Consumption Goods65 Billion $

Capital Goods16,1 Billion $

48 %

42 %

10 %


18

Top 10 Product Groups in Turkey’s Exports

18

Product Groups 2014 (million $) 2014 (%) Share

87 Motor vehicles, parts and accessories 18.064 11,5%84 Machinery and mechanical appliances 13.595 8,6%61 Knitted and crocheted goods and articles thereof 10.029 6,4%85 Electrical, electronic equipment 9.693 6,1%72 Iron and steel 9.246 5,9%71 Precious stones, precious metals and articles

thereof7.717 4,9%

73 Articles of iron and steel 6.356 4,0%62 Non knitted and crocheted goods and articles 6.234 4,0%27 Mineral fuels, mineral oils etc. 6.112 3,9%39 Plastic and Articles Thereof 6.098 3,9%

LIST TOTAL 93.145 59,1%TOTAL 157.642 100,0%


19 19

Customs Union Customs Union Agreement: come into force on January 1, 1996

(the Decision No: 1/95 of the Association Council)

Scope

All customs duties as well as quantitative restrictions applied on imports of industrial products from the Community are eliminated.

For products imported into Turkey from third countries, Turkey started to apply the Common Customs Tariff (CCT) of the Community.

Covers only the industrial and the processed

agricultural products

Traditional agricultural goods are outside the scope


FOREIGN DIRECT INVESTMENT OUTLOOK

October 2015 Ministry of Economy 20


21

FDI Inflow # of Companies

• 2002 : 15 billion USD 6.000• 2003-2014 : 150 billion USD 41.528

Billi

on U

SDFDI INFLOW TO TURKEY

1993

-200

2 ...

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

*0

5

10

15

20

25

1.1 1.72.8

10.0

2.0

22.0

19.9

8.6 9.1

16.2

13.312.5 12.6

14,1*

Source: CBRT *Jan-November


The Sectoral Breakdown of Foreign Direct Investments

Source: CBRT

*January-July

22


23

FDI SOURCES

Source: Central Bank of Turkey

EU, 70,4%, 66%Non-EU, 5,1%, 5%

USA, 7,9%, 7%

Gulf Region, 7,8%, 7%

Others, 16,5%, 15%

2002-2013

EU, 63,5%Non-EU, 15,8%

USA, 2,3%

Gulf Region, 4,6%

Others, 18,4%

2014


24

* Million USD

TOP TEN FDI INFLOWS AT A TIME (2002-2014)


BILATERAL ECONOMIC RELATIONS


26

Turkey-Italy Agreements

Bilateral Investment Treaty signed in 22/3/1995

entry into force in 2/3/2004

Avoidance of Double Taxation Treaty signed in 27/7/1990

entry into force in 1/1/1994

26


27

Inflows (million USD)

Total Italy Investments between 2002-2014 in Turkey 2,8 billion $

Number of Companies with Italian Capital 1.264

20022003

20042005

20062007

20082009

20102011

20122013

2014

2015/Hazi

ran0

200400600800

Mill

ion

USD

Years

Turkish Investments in Italy Number of companies 51

Capital (million USD) 322

27

Italy FDI in Turkey


28

Main Export Items 2014 % Share

Motor Vehicles 1,488 20,84Fibre and Textile Products 924 12,95Vegetables, Fruits 764 10,70Clothing and Accessories 633 8,87

Electrical Machinery and Equipment 341 4,78Total 7,141 100

Main Import Items 2014 % Share

Crude Oil Products 1,548 38Machinery and Equipment (general use)

1,381 20

Machinery and Equipment (specific use)

1,222 13

Motor Vehicles 906 9

Iron and Steel 584 7Total 12,195 100*Million USD

Source: Ministry of Economy

Trad

e w

ith I

taly


29

MEGA Projects Under ConstructionItaly-Turkey Partnership

Izmit Bay Bridge along Istanbul-Izmir Highway BOT Project

3rd Istanbul Bridge and Connected Highways

Etlik Entegre Health Campus Project


30

3rd Country Projects of Italian-Turkish Companies

Astaldi-IctasPulkovo Airport /Motorway (St Petersburg)

Russian Federation

Astaldi-GulermakWarsaw Metro

Poland


AUTOMOTIVE AND ENERGY


AUTOMOTIVE SECTOR

Turkey

Production (2014) 1,170 million unitsExport (2014) 885.000 unitsGlobal Manufacturers in Turkey:

6th in Europe: Leader in light commercial vehicles 2st rank in CV production 6th in motor vehicle production

17th in the World


14 OEMs production capacity over 1.7 million units

4.000 component manufacturers 400.000 employmentExport champion (%16 share in total exports)%75 of production is designed for foreign

markets50 R&D Centers belongs to automotive manufacturers/suppliers

AUTOMOTIVE SECTOR


ENERGY SECTORLimited primary energy sources Dependent on imported energy One of the fastest growing energy markets A natural energy corridorClose proximity to more than 70% of worlds’ oil and gas reservesOn-going privatization process Power distribution is completely in private sector handsThe share of entities in the electricity generation sector

increased from 32% in 2002 to 75% in 2015Energy stock exhange has been recently established


ENERGY SECTOR• Baku-Tbilisi-Ceyhan (BTC) Petrol Oil Pipeline• Kerkuk-Yumurtalik Oil Petrol Pipeline• Samsun-Ceyhan Oil Petrol Pipeline• Baku-Tbilisi-Erzurum (BTE) Natural Gas Pipeline• Southern Gas Corridor• Trans-Anatolian Pipeline (TANAP)• Bosphorus (3.7% of the world’s daily oil consumption passesthrough the Turkish straits)


AVIATION SECTORTurkish Airlines Flies to more destinations than any other (283 destinations in 111

countries) Best Airline in Europe in 2015 (5th time in a row) The only airline to be decorated with 4 stars on all categories

11 destinations in Italy (Rome, Bologna, Catania, Genoa, Milan, Naples, Pisa,Rome,Tulin, Venice and Bari)


37

Strategic Location of Turkey


38

Turkey - Production and Export HubAccording to WTO data; Turkey is the World’s 22nd biggest exporter Europe’s number 2 and World’s number 9 commercial vehicle producer Europe’s number 1 and World’s number 9 bus, midi bus and mini bus producer Europe’s number 2 and World’s number 12 ship producer Europe’s number 6 and the World’s number 17 in Automotive Industry

production Europe’s number 1 and the World’s number 2 cement exporter Europe’s number 3 in plastic industry production World’s number 5 in exports of ceramic cover material and medicalappliances Europe’s number 6 in paint production Europe’s number 1 and the World’s number 8 in steel production


39

Turkey - Production and Export Hub Among the World’s elite 5 jewellery producers Europe’s number 4 and the World’s number 7 in washing machine exports. The leading exporter of washing machines to the EU Europe’s number 3 and the World’s number 4 in dishwasher exports. The leading exporter of dishwasher to the EU Europe’s number 2 and the World’s number 6 exporter of fridges and freezers. Number 2 exporter of fridges and freezers to the EU World’s number 3 in exports of processed marbles Europe’s number 9 and the World’s number 14 in furniture exports World’s number 7 exporters of textile and garments Europe’s and the World’s number 2 in exports of carpets Europe’s and the World’s leading exporter of many agricultural goods


40

Thank youFor more information

Address: Office of Councellor Commercial AffairsViale Pasteur 77, 00144, Rome / Tel: 0039065922334E-mail: [email protected] / www.economy.gov.tr

21

We are here

mailto:[email protected]

Presentazione Turchia

Business

Transcript of Presentazione Turchia