Transcript turkey - Netherlands Turkey Trade Directory

An update on
BILATERAL ECONOMIC
RELATIONS
Prepared in March 2011
by the Consulate General of the Netherlands Commercial Section
Mustafa Basaran, Senior Commercial Officer
SOCIAL INDICATORS: POPULATION & URBANIZATION RATES KEEP GROWING.
Adult Literacy Rate
89% (as of
2008)
Fixed telephone line
subscription/population
24.1%(as of
2010)
PC’s per 1000 inhabitants
72 (as of
2010)
Internet Access – Households
41.6% (as of
2010)
Internet Access – Population (Age
16-74)
52.6 % (as of
2010)
Population –
Turkey
72.5 mio (as of
2010)
82.2 mio
(estim. for 2023)
Population
(Istanbul)
12.9 mio (as of
2010)
15.2 mio
(estim. for 2023)
Rate of Population
Growth - Turkey
1.45 % (20002009)
Rate of Population
Growth (Istanbul)
28.91%
(2000-2010)
Rate of
Urbanization
Growth
2.1%
(2000-2008)
50%
(2000-2023)
Global Competitiveness Index- 2010
Country
Rank
Score
Switzerland
1
5.63
Netherlands
8
5.33
China
27
4.84
Hungary
52
4.33
Turkey
61
4.25
Average age is 26.5 years as compared to the EU-15 average of 42.
Source: World Bank, World Development Indicators on CD-ROM, 2006.
Eurostat, http://epp.eurostat.ec.europa.eu/
TURKEY: A LARGE AND RAPIDLY GROWING ECONOMY
16. Biggest World Economy, 2010
Egypt
South Africa
Thailand
Saudi Arabia
Argentina
Netherlands
Poland
Republic of China (Taiwan)
Iran
Australia
Turkey
Indonesia
Canada
Spain
South Korea
Mexico
Italy
France
United Kingdom
Brazil
Russia
Germany
India
Japan
People's Republic of
United States
Average GDP Growth, % (2003-2009)
4.4%
Turkey
4.9%
Russian Fed
3.6%
Brazil
India
8.3%
World
EU 27
0.0%
4.2%
1.2%
2.0%
4.0%
6.0%
8.0%
10.0%
MACROECONOMIC FUNDAMENTALS: The recovery has been quickly over..
2002
2008
2009
2010
Compared to the
Netherlands
Total exports
USD 36 billion
USD 132 billion
USD 102 billion
USD 113.9 billion
USD 309.5 billion (2009)
Total imports
USD 51 billion
USD 201.9 billion
USD 140 billion
USD 201.9 billion
USD 275.8 billion (2009)
Current Account Deficit
USD 1.5 billion
USD 49 billion
USD 4.1 billion
USD 7.5 billion
GDP
USD 181 billion
USD 729
USD 596 billion
USD 742 billion*
Est. USD 770 billion (GDP)
Est. 1.8% growth in 2010
GDP/Capita (PPP Adjusted)
USD 8223
USD 13123
USD 12465
USD 13392
Est. USD 40500 (GDP/capita)
Foreign exchange reserves
USD 26 billion
USD 63.8 billion
USD 70 billion
USD 75.4 billion
Inflation
29.7%
10.4%
6.5%
8.57 %
Unemployment
10%
13%
13%
11%
Number of global capital companies
in Turkey
5560
21.079
23.565
25.837
Share from global capital inflows to
emerging markets
0.5%
4.1%(2007)
2.46% (2008)
1.6% (2009)
Dutch government and private sector organizations classified Turkey as a ‘priority country’ together
with Russia and India in 2005...
GDP GROWTH (2002-2010*)
ECONOMIC STRUCTURE, 2010
12
10
Agriculture; 9%
8
6
4
2
7.9
9.9
7.4
5.9
7.8
6.9
4.6
1.1
0
-2
Industry; 24%
Services; 67%
2002 2003 2004 2005 2006 2007 2008 2009 2010
-5
-4
-6
MANUFACTURING
SERVICES
Educ.; 5,3%
Transport &
Comm.; 29,5%
Other; 4%
Health; 5,3%
Automotive; 7%
Machinery; 10%
Non-Metals; 9%
Construction;
12,0%
Refinery; 15%
Base Metals;
10%
Textile&Cloth.;
19%
Chemicals; 10%
Finance; 22,6%
Trade; 25,3%
Food; 16%
Source: World Bank, World Development Indicators on CD-ROM, 2006.
Eurostat, epp.eurostat.ec.europa.eu/
TUIK, www.tuik.gov.tr
Trade Figures: EU continues to be the major trade partner
US$ bn
2010
Change (%)
2009
Change (%)
2008
Change (%)
2007
Change (%)
Total Imports
185.4
32.4
140
-30
201.9
24
170
24
Imports from EU
($)
72.2
28.9
56
-25.1
74.8
9.3
68.6
27.5
Imports from EU
(%)
38.9
Imports from NL
($)
3.1
Imports from NL
(%)
1.6
Total Exports
113.9
11.6
102
-22.7
132
23
107.2
25.9
Exports to EU ($)
52.6
11.9
47
-25.75
63.3
4.3
60.3
37.3
Exports to EU(%)
46
Exports to NL ($)
2.4
Exports to NL (%)
2
Trade Deficit
71.5
40
24.3
2.5
37.8
-16.6
1.7
2.1
-32.2
38
3.1
69.9
23
56.3
4.1
2.3
-45.6
2.6
1.5
48
2
88.1
15.1
1.4
46
14.2
3
40.3
3
19
2.8
21
62.8
21
46 percent of Turkish exports were destined to EU countries in 2010.
38.9 percent of Turkish imports originated from EU countries in 2010.
Source: www.tuik.gov.tr
Major Import Markets of Turkey:
No.
Name
US$, thousand
2010
2009
Share in Total
Year-to-Year Change, %
1
Russian Fed.
21 596 035
19 450 086
11.64%
11.03%
2
Germany
17 529 862
14 096 963
9.45%
24.35%
3
China
17 179 842
12 676 573
9.26%
35.52%
4
USA
12 318 408
8 575 737
6.64%
43.64%
5
Italy
10 202 601
7 673 374
5.50%
32.96%
6
France
8 176 366
7 091 795
4.41%
15.29%
7
Iran
7 644 782
3 405 986
4.12%
124.45%
8
Spain
4 839 933
3 776 917
2.61%
28.15%
9
S. Korea
4 764 009
3 118 214
2.57%
52.78%
10
UK
4 676 568
3 473 433
2.52%
34.64%
11
Ukraine
3 830 187
3 156 659
2.06%
21.34%
12
Romania
3 448 381
2 257 963
1.86%
52.72%
13
India
3 409 804
1 902 607
1.84%
79.22%
14
Japan
3 297 664
2 781 971
1.78%
18.54%
15
Belgium
3 213 671
2 371 516
1.73%
35.51%
16
THE NETHERLANDS
3 155 961
2 543 073
1.70%
24.10%
17
Switzerland
3 153 595
1 999 386
1.70%
57.73%
18
Poland
2 620 928
1 817 093
1.41%
44.24%
19
Kazakhstan
2 464 273
1 348 903
1.33%
82.69%
20
Saudi Arabia
2 440 360
1 686 743
1.32%
44.68%
Source: www.dtm.gov.tr
Major Export Markets of Turkey:
No.
Name
US$, thousand
2010
2009
Share in Total
Year-to-Year Change, %
11 453 274
9 793 006
10.06%
16.95%
1
Germany
2
UK
7 220 731
5 937 997
6.34%
21.60%
3
Italy
6 505 965
5 888 958
5.71%
10.48%
4
Iraq
6 042 550
5 123 406
5.31%
17.94%
5
France
6 036 964
6 211 415
5.30%
-2.81%
6
Russian Federation
4 632 247
3 189 607
4.07%
45.23%
7
USA
3 768 352
3 240 597
3.31%
16.29%
8
Spain
3 563 526
2 818 470
3.13%
26.43%
9
UAE
3 337 656
2 896 572
2.93%
15.23%
10
Iran
3 042 969
2 024 546
2.67%
50.30%
11
Romania
2 598 693
2 201 936
2.28%
18.02%
12
THE NETHERLANDS
2 461 337
2 127 297
2.16%
15.70%
13
Egypt
2 260 711
2 599 030
1.98%
-13.02%
14
China
2 259 785
1 600 296
1.98%
41.21%
15
Saudi Arabia
2 219 541
1 768 216
1.95%
25.52%
16
Israel
2 082 974
1 522 436
1.83%
36.82%
17
Switzerland
2 057 177
3 935 122
1.81%
-47.72%
18
Belgium
1 960 562
1 795 682
1.72%
9.18%
19
Libya
1 934 158
1 795 117
1.70%
7.75%
20
Syria
1 849 232
1 421 637
1.62%
30.08%
Source: www.dtm.gov.tr
lo
th
i
ng
&
T
M
o t e xt
Fr
o
ui
r V iles
t
s
e
Ar
tic & V hicl
e
le
eg
et s
M s of
a
ac
bl
es
hi iron
El
n
o
e
ec
r
r
y
t
s
Pl rica , bo t ee
l,
as
l
ile
el
t ic
rs
e
,e
Sh s an ct ro
tc
ni
d
ip
c
s,
ru
e.
bb
bo
er ..
at
s
an arti
..
d
Fu
ot .
he
rn
it u
r.
To re,
Se ..
li
ba
a
cc ght i
f
ng ood
o
an
,s
d
ig
m
n.
an
.
uf
ac
...
C
Pl
as
ti c
s
Iro
&
M
ru
n
in
an
er
bb
al
d
e
ra
M
fu
n d stee
ac
el
s,
hi
l
ar
ne
oi
tic
ls
ry
l
,d
e.
,n
..
is
uc
ti l
la
le
C
ar
tio
he
.. .
re
m
a
ic
ct
M
al
o
El
ot
s
&
o r rs ...
ec
ph
tri
V
eh
ca
ar
m
l
ic
M
,e
le
ac
is
l
s
ec
ce
eu
tro
ll a
t&
O
n
n
ic
eo
p.
pt
ic
..
eq
us
al
ui
ed
Pa , p h
p
m
ib
pe
o
en
le
r & to,
p
t
r
t
ep
To
pa ec h
a
ba
pe
r..
ni
c
.
cc
rb
oa al , m
o
an
rd
, a e...
d
m
an rti c
le
uf
s.
ac
..
tu
re
d
...
US$1000,
Turkish Imports from The Netherlands
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
2007
2008
2009
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
US$1000, Turkish Exports to The Netherlands
2007
2008
2009
Source: www.tuik.gov.tr, www.cbs.nl
Bilateral Trade Between The Netherlands & Turkey
Exports to Turkey
(Million US$)
Imports from Turkey
(Million US$)
2000
1.584
874
2001
1.041
892
2002
1.311
1.056
2003
1.656
1.525
2004
1.908
2.138
2005
2.152
2.469
2006
2.137
2.536
2007
2.655
3.019
2008
3.056
3.143
2009
2.538
2.124
2010
3.156 (24.3%↑)
2.461 (15.8% ↑)
FDI to TURKEY
FDI Flows per country of origin Levels, US$ million
COUNTRY OF ORIGIN
2005-2008
2009
Number of FDI Firms Established (1954-2010)
2010
COUNTRY OF ORIGIN
2006
2007
2008
2009
2010
TOTAL
(1954-2010)
GERMANY
2913
497
498
THE NETHERLANDS
12237
718
501
GERMANY
540
557
584
492
460
4315
UK
2833
350
233
THE NETHERLANDS
257
249
277
147
162
1866
FRANCE
3592
617
589
UK
453
436
251
202
161
2237
OTHER EU COUNTRIES
20128
2431
2887
OTHER EU COUNTRIES
676
785
658
469
432
4307
USA
6011
260
318
TOTAL
3075
3530
3337
2936
3233
25837
TOTAL
60044
6250
6260
20,38%
13,04%
10,7%
NL SHARE IN TOTAL,
%
8,36
%
7,05
%
8,30
%
5,01
%
501%
7,22%
NL SHARE IN TOTAL, %
Source: Undersecretariat of Treasury,
www.treasury.gov.tr
As of January 2011, 1,866 Dutch origin companies are operating in Turkey. Some of these
enterprises are old timers such as Philips, Unilever, Shell and DSM with decades long
presence in this country.
Majority of the Netherlands origin investments are international companies registered in the
Netherlands for tax reasons.
Source: The Undersecretariat of Treasury, the General Directorate of Foreign Investment & own calculations
Sectoral Breakdown of Dutch Origin Companies in Turkey, 2009
Wholesale & Retail Trade
60; 3%
Textiles &
clothing
91; 5%
111; 6%
81; 5%
75; 4%
96; 5%
35; 2%
74; 4%
100; 6%
16; 1%
30; 2%
20; 1%
134; 8%
Real
Estate/Constru
ction/Infra &
Engineering
117; 7%
394; 23%
79; 5%
30; 2%
43; 2%
Horeca &
Tourism
116; 7%
ICT/Media/Publish/
23; 1%
Advertisem.
25; 1%
Machinery/Parts/Metal
AGRICULTURE & HORTICULTURE
Working & Automative.
CHEMICALS / PLASTICS / PHARMACEUTICALS
CONSTRUCTION MATERIALS
ELECTRONICS / HOUSEHOLD APPLIANCES / COMMUNICATION/SECURITY EQUIP
FINANCIAL SERVICES & CONSULTANCY
FURNITURE / DECORATION / INTERRIORS / ACCESSORIES
HEALTH RELATED SERVICES
HORECA & TOURISM
ICT / MEDIA / PUBLISHING / ADVERTISEMENT
MACHINERY, PARTS, METAL WORKING & AUTOMOTIVE
MEDICAL EQUIPMENT
MINING, MINERALS & NATURAL STONES
OTHER SERVICES & GOODS
PACKAGING AND PAPER
PROCESSED FOOD / BEVERAGE / INGREDIENTS
REAL ESTATE / CONSTRUCTION / INFRASTRUCTURE & ENGINEERING
SHIP & YACHT BUILDING
TEXTILES & CLOTHING
TRANSPORT / LOGISTICS
UTILITIES / ENERGY / OIL / GAS & ENVIRONMENT
WHOLESALE & RETAIL TRADE
Source: The Undersecretariat of Treasury, the General Directorate of Foreign Investment & own calculations based on figures from March 2008.
Regional Breakdown of Dutch Origin Companies in Turkey, 2009
KOCAELI
2%
BURSA
1%
AYDIN
3%
MERSIN
1%
MANISA
1%
OTHERS
5%
ANKARA
4%
ISTANBUL
54%
MUGLA
6%
IZMIR
7%
ANTALYA
16%
Source: The Undersecretariat of Treasury, the General Directorate of Foreign Investment & own calculations based on figures from March 2008.
Some Dutch Entrants 2007-2009
Sqills
STARSALE
ROLE OF THE EMBASSY in ANKARA & THE
CONSULATE GENERAL in ISTANBUL
([email protected] - [email protected])
•
•
•
•
•
•
•
•
•
•
•
•
Trade & Investment Inquiries (both from Dutch and Turkish companies)
Market Scans
Trade Missions (matchmaking services for official ones)
Networking / bridging with players in Turkey
Market insight, market intelligence for policy makers in the Netherlands
Business Cocktail every last Thursday of each month at Palais de Hollande
Providing Legal Info (FDI, Imports, Taxes)
Tenders / Projects / Privatization
Conflict Mediation / Lobbying / Support
Sectoral Reports (i.e. Energy, Transport, Chemicals)
Special Reports (i.e. Macro-Economy, Banking)
Special Events / PPP