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Confidential For internal use within client company only
SWEDISH TRADE COUNCIL
TURKEY – COUNTRY FACT PACK
Swedish Trade Council
Istanbul, March 2012
2012-05-10
2012-05-10 SWEDISH TRADE COUNCIL
AGENDA
Swedish Trade Council – Who are we?
Introduction to Turkey
An impressive economic development and a bright future
Sweden in Turkey
Interesting sectors
3
Strategic and hands-on assistance in all phases
SWEDISH TRADE COUNCIL 4
THE SWEDISH TRADE COUNCIL MAKES IT EASIER FOR
SWEDISH COMPANIES TO GROW INTERNATIONALLY
Operations
Source: Swedish Trade Council (STC)
Sweden
− Headquarters in Stockholm, 100 employees
− 22 regional export advisors
− All Trade Commissioners regularly visit different parts of Sweden
Istanbul
− 12 employees
− Responsible for Kazakhstan, Azerbaijan, Israel, Kyrgyzstan, Tadzhikistan, Turkmenistan and Uzbekistan
Vision of the Istanbul office:
STC in Istanbul is the primary consulting partner for Swedish companies doing business in
Kazakhstan, Azerbaijan, Israel, Kyrgyzstan, Tadzhikistan, Turkmenistan and Uzbekistan
Swedish Trade Council – Who are we?
2012-05-10
SWEDISH TRADE COUNCIL
TURKEY IN BRIEF
Source: State Institute of Statistics, Invest I n Turkey; Eurostat
5
• Area: 783 562 km²
• Inhabitants: 74 million (2011)
• Religion: Islam
• Capital city: Ankara
• Financial center: Istanbul
• Inflation rate: 6.5% (2011)
• GDP: 772 Billion USD (2011)
• GDP per capita: 10 444 USD (2011)
• Exports value: USD 135 billion (2011)
• Imports value: USD 241 billion (2011)
• Constitution: Parliamentary democracy
• President: Abdullah Gül
• Prime minister: Recep Tayyip Erdogan
• Official language: Turkish
• Currency: Turkish Lira (TRY)
13.6 million
(18.2%)
Ankara
Istanbul
Bursa
Adana
2.1 million
(2.8%)
4.8 million (6.6%)
2.6 million
(3.6%)
Izmir 3.9 million
(5.3%)
Introduction to Turkey
2012-05-10
2012-05-10 SWEDISH TRADE COUNCIL 6
A COUNTRY OF STRONG DEMOGRAPHIC INDICATORS Growing population of highly educated people
Education and Age distribution
Source: Turkstat
Edu
catio
n 30% 64% 91%1
…are highly educated …have high school
education
…are literate
1 Literacy rate, adult total (% of people aged 15 and above)
Turkey has a young and educated workforce – 60% of Turkey’s population is under 35 years
Age
Dis
trib
utio
n
0-14 25,3%
15-64 67,4%
65+ 7,3%
• Turkey has the largest proportion of young people compared
to other EU countries
• Median age: 29.7 (2011)
• Labor force: 26.7 million (2011)
Introduction to Turkey
Largest imports partners 2011
2012-05-10 SWEDISH TRADE COUNCIL 7
GERMANY & RUSSIA ARE THE LARGEST TRADE PARTNERS Turkey’s largest trade partners – proportion of total exports and imports
Largest export partners 2011
Source: Turkstat, SCB
Germany; 10,1%
England; 6,4%
Italy; 5,7%
France; 5,3%
Iraq; 5,3%
Russia; 4,1%
USA; 3,3%
Russia; 12%
Germany; 10%
China; 9%
USA; 7%
Italy; 6%
France; 4%
Turkey was Sweden’s 16th largest export partner and 21st largest import partner 2011
100% = USD 135 Billion1 100% = USD 241 Billion2
1 Other countries constitute 60% and are not shown in the graph 2 Other countries constitute 53% and are not shown in the graph
Introduction to Turkey
Comments
2012-05-10 SWEDISH TRADE COUNCIL 8
TURKISH IMPORTS
Turkish imports 2011
Source: UNComtrade
100% = USD 241 Billion
Machines and
Transport Equipment
; 29,1%
Manu-factured Goods; 16,4%
Prod. Chemicals and Allied Industries;
14,2%
Mineral fuel,
lubricating oil and
electricity; 14,1%
Other; 26,0%
Turkey imports mainly Energy, Machines, Transport equipments, and Manufactured good
Professionals are
raising concerns
about the country’s
dependency on
import products.
USD 106 billion
Trade deficit 2011
Introduction to Turkey
Comments
2012-05-10 SWEDISH TRADE COUNCIL 9
TURKISH EXPORTS
Turkish exports 2011
Source: UNComtrade, Hurriyet Daily News
100% = USD 135 billion
Machines and
Transport Equipment;
28,2%
Manu-factured Goods; 28,0%
Miscellan-eous Manu-
factured Articles ; 17,0%
Food and Live
Animals; 8,9%
Other; 17,4%
Machines, Transport equipment and Manufactured goods are the most export-oriented sectors
• Turkey’s exports increased to a
record level of $135 billion 2011,
marking a raise of 19 percent
compared to 2010.
• The automotive industry was the
sector with largest exports $1.78
billion, followed by chemicals and
related by-products with $1.4 billion.
The steel and ready-wear sectors
ranked third with more than $1.32
billion exports each.
Introduction to Turkey
Customs Union Map
2012-05-10 SWEDISH TRADE COUNCIL 10
TURKEY HAS BEEN A MEMBER IN THE EU CUSTOMS UNION
SINCE 1996
Source: Invest in Turkey
Turkey as a member of the Customs Union
Other trade agreements
Free Trade Agreements with Albania, Bosnia Herzegovina, Chile, Croatia, EFTA member countries
(Switzerland, Norway, Iceland and Liechtenstein), Egypt, Georgia, Israel, Jordan, Macedonia, Montenegro,
Morocco, Palestine, Serbia, Syria, Tunisia.
• Turkey’s trade with EU has increased the past ten
years due to the membership in the Customs Union.
• To prove that the goods produced in Turkey or in
Sweden can be freely circulated within EU, the
goods need an A.TR. Certificate.
• The Customs Union applies to all goods other than
some agricultural goods, iron and steel.
Introduction to Turkey
2012-05-10 SWEDISH TRADE COUNCIL 11
SPRINGBOARD TO THE MIDDLE EAST AND ASIA An advantaged strategic location
An impressive economic development and a bright future
Access to almost 1.5 billion people within five hours' reach
Middle East & North Africa
GDP: $2.4 trillion
Population: 602 million
Europe
GDP: $18.3 trillion
Population: 660 million
Russia
GDP: $1.2 trillion
Population: 142 million
Central Asia & Caucasus
GDP: $230 billion
Population: 80 million
2012-05-10 SWEDISH TRADE COUNCIL 12
PROJECTS AS PART OF TURKEY’S EXPANSION PLANS
Source: Today’s Zaman, Hurriyet Daily News
High-speed railway
Double-track rails, the
first high-speed train
project.
Infrastructure
Marmaray to connect Asia and Europe
A 76-kilometer-long railway system between the European
and Asian shores of Istanbul. One of the biggest
transportation infrastructure projects in the world.
Infrastructure
The third Bosphorus
bridge
The strait’s longest
bridge at a length of
nearly 1.3 kilometers.
Will be connected to a
new 260-kilometer-
long motorway.
Nuclear power plant
A Turkish-Russian
consortium schedules
the start of the
construction of Turkey’s
first nuclear power plant
for 2013 at a cost of
$20 billion.
Sinop Nuclear power plant
Turkey is in talks with Japanese
companies Toshiba and Tokyo
Electric Company (TEPCO) on
the construction of its second
nuclear power plant.
Energy & Power
Energy & Power
Çandarli port project
Designated to rank among the world’s top
10 largest port terminals. Expected to admit
first vessel in 2013 and the first stage is
budgeted to $400 million.
Infrastructure
Infrastructure
Mersin international container port
Is proposed to form a strategic gateway, not only for Middle Eastern
countries (particularly Iraq) but also Caucasian, landlocked Asian and
the CIS countries. The port is scheduled to be operational by 2014.
Infrastructure
Mersin
Airports
The construction of seven new airports are expected
to be finalized before the beginning of 2013.
Infrastructure
An impressive economic development and a bright future
Istanbul
Bursa
Izmir
Ankara
Adana
2012-05-10 SWEDISH TRADE COUNCIL 13
GDP GROWTH AND INFLATION IN TURKEY
The real GDP growth and the inflation in Turkey
Source: Eurostat
56,8% 47,0%
25,3% 10,1%
8,1% 9,3% 8,6% 10,4% 6,3%
8,6% 6,5% 7,0%
0%
20%
40%
60%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012f
5,3%
9,4% 8,4% 6,9% 4,7%
0,7%
-4,8%
9,0% 7,5%
3,0%
-10%
-5%
0%
5%
10%
15%
2003 2004 2005 2006 2007 2008 2010 2011 2012f
Real GDP growth
Inflation
An impressive economic development and a bright future
2012-05-10 SWEDISH TRADE COUNCIL 14
THE ECONOMIC CRISIS 2007-2008 HAS NEGATIVELY
AFFECTED THE FOREIGN DIRECT INVESTMENTS TO TURKEY
The flow of foreign direct investments 2001-2010
Source: UNCTAD, Hurriyet Daily News
Turkey was the worlds 27th largest receiver of FDI in 2010
0
5
10
15
20
25
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Forecast 2011
Billion USD
An impressive economic development and a bright future
“The Turkish economy might
reach $10 billion of foreign
direct investments by the end
of 2011 after recording a
significant growth of 11 percent
in the first quarter of the year” The new chairman of the International
Investors Association, or YASED.
Reaching a record FDI in 2007
of $22 billion, Turkey’s FDI
figure slumped due to the
global economic crisis in 2008.
2001 was the year of the
Turkish financial crisis
that affected the FDI for
the years to come.
2012-05-10 SWEDISH TRADE COUNCIL
SWEDISH EXPORTS TO TURKEY HAS STEADILY GROWN
SINCE 2002
The trade value between Sweden and Turkey
Source: SCB
Turkey is Sweden’s 16th largest export market
0
2 000
4 000
6 000
8 000
10 000
12 000
14 000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Swedish Exports Swedish Imports
15
Million SEK Change year 2011/2010:
Exports: +23%
Imports: +13%
Sweden in Turkey
2012-05-10 SWEDISH TRADE COUNCIL 16
THE MOST PROMISING SECTORS
ICT
Real Estate
Transport-
ation
Energy
Finance
Automotive
Agriculture
The target is to produce over 2 million
vehicles within the upcoming 5 years The total amount of investments
needed to meet the energy
demand in Turkey until 2023 is
$130 billion
Istanbul is the first-
ranked real estate
development market
in Europe 2009
Investments of USD 26.7
billion is required until 2012
for the Southeastern Anatolia
Project
The highway
capacity is planned
to be tripled up until
2023 with 12
different projects
In 2009, the net profit of
the banking sector
increased by 50%
compared to 2008. The
real growth rate of the
financial sector of Turkey
was 8.5% in 2009 despite
the global financial crisis
The IT market growth
rate has exceeded
220% within the last
decade and reaches
USD 28.1 billion in
turnover
Interesting sectors
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