Market Briefing – Turkey

The 8th Trade Fair for Organic Products and the Environment	VIV TURKEY 2009, International Poultry Technologies Trade Fair	A view of the capital -Ankara

The Overall Economic Situation:
Turkey is normally called the Gateway to Europe from Asia as it is in the middle of the two continents. It is situated between Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Iran, Iraq and Syria, with the
Mediterranean, Aegean, Black and Sea of Marmara forming its coastline. The abundant natural resources such as natural stone, marble, boron, chromium, thorimn, coal, with a total value of US$2,000 billion. Natural stones and marbles account for 40% of the resource reserves and also rank first in different varieties available. Boron trioxide reserves 700 billion tons, worth about US$356 billion while chromium reserves of 0.1 billion tons, and thorium accounts for 22% and the greatest amount of
any one country. Gold reserves stand at 450 tons, silver 1,100 tons and coal 8.5 billion tons, although oil and natural gas are in short supply and it is therefore necessary to import these. Water is also in short supply as there is only 1,430 cubic metres per head in storage.

Business Opportunities
Agriculture
Turkey is traditionally a farming country, therefore the foundation of agriculture is sound. The country is self sufficient in grain, cotton, fruit, vegetables and meat. Agriculture accounts for 20% of the gross domestic product and the population employed in agriculture accounts for 46% of the total population. Main agricultural products are wheat, barley, maize, sugar beet, cotton, tobacco and potatoes. Turkey not only produces enough grain and fruit to sustain itself, the two products are
also exported. Angora goat and Angora wool is famous all over the world. Recently, with the ever expanding mechanisation of farming methods the amount of area ploughed by tractors is increasing annually.

Industries
Sound industrial foundation. Main industries include food processing, textiles, vehicles, mining, steel, oil, construction, wood and paper, all of which are looking very healthy for the country. The total industrial output value accounts for 30% of the gross domestic product and those employed in the various industries accounts for 17% of the total working population. The total industrial output value reached YTL230.419 billion, mainly from mining, manufacturing, electricity, fuel gas and water.

Tourism
Tourism is one of the main sources of foreign exchange, 26.43 million tourists visited Turkey and brought in US$21.91 billion in 2008. The average amount spent by each overseas tourist generally reaches US$707. Main tourist cities include Istanbul, Ankara Antalya, Bursa, Ephesus, Tory, Yizimier, and the hot springs in Konya along with the ancient ruins in the historical cities of Cappadocia and Kusadasi.

SOURCE:
1. The Ministry of Foreign Affairs of the People’s Republic of China, http://www.fmprc.gov.cn/chn/default.htm
2. Xinhua News Agency, http://www.xinhuanet.com/

SOURCE: CIA- The World Fact Book-Turkey, https://www.cia.gov/library/publications/the-world-factbook/geos/tu.html

Major Website Recommendations:

National Institute of statistics, Turkey
http://www.turkstat.gov.tr/Start.do

As the official statistics agency of the government, the National Institute of Statistics of Turkey is in charge of the production and provision of quality statistical data.

Turkey (official government portal)
http://www.oecd.org/document/20/0,3343,en_33873108_33873854_2348116_1_1_1_1,00.html

Major Export Commodities: apparel, foodstuff, textiles, metal manufacturing, transport equipment
Main Import Commodities: machinery, chemicals, semi-finished goods, fuels, transport equipment
Source:
1. CIA-The World Fact Book- Turkey, https://www.cia.gov/library/publications/the-world-factbook/geos/tu.html
2. Index Mundi-Country Facts, http://indexmundi.com/

Source:CIA-The World Fact Book- Turkey, https://www.cia.gov/library/publications/the-world-factbook/geos/tu.html

Source:
1. Ministry of Commerce of the People’s Republic of China, http://zhs.mofcom.gov.cn/tongji.shtml

Source: The Statistics and Census Service , http://www.dsec.gov.mo/

Source:
1. The Ministry of Foreign Affairs of the People’s Republic of China
http://www.fmprc.gov.cn/chn/default.htm
2. The Ministry of Commerce of the People’s Republic of China
http://www.mofcom.gov.cn/
3. The Economic and Commercial Consular’s Office of the Embassy of the People’s Republic of China in the Turkey
http://tr.mofcom.gov.cn/index.shtml
4. Macao Statistics and Census Service
http://www.dsec.gov.mo/c_index.html
5. The World Factbook
http://www.cia.gov/
6. World Economic Forum
http://www.wcforum.org/