Turkey

Герб
 Флаг
 
Coat of arms: he Republic of Turkey has no official national emblem, but the star and crescent design from the national flag is in use as de facto emblem, among other things printed on Turkish passports, on Turkish identity cards and diplomatic missions of Turkey.
Flag: is a red flag featuring a white star and crescent. The flag is often called al bayrak (the red flag), and is referred to as al sancak (the red banner) in the Turkish national anthem.
 
  • Anthem: «İstiklâl Marşı» is the national anthem of the Republic of Turkey. 
  • Official languages: Turkish.
  • Geographical location: it is a transcontinental country located mainly in Western Asia, with a smaller portion on the Balkan Peninsula in Southeast Europe. Turkey is bordered by Greece and Bulgaria to its northwest; Georgia to its northeast; Armenia, the Azerbaijani exclave of Nakhchivan and Iran to the east; and Iraq and Syria to the south. 
  • Administrative divisions: Turkey is subdivided into 81 provinces for administrative purposes.
  • Capital: Ankara.
  • Governance: the politics of Turkey takes place in a framework of a presidential republic, whereby the President of Turkey is the head of government and the head of state who holds executive powers to issue executive decrees, appoint judges and heads of state institutions. Turkey's political system is based on a separation of powers. Executive power is exercised by the Council of Ministers. Legislative power is vested in the Grand National Assembly of Turkey. The judiciary is independent of the executive and the legislature.
  • Population78.74 million.
  • Currency: Turkish lira.
  • GDP: $841.2 billion.
  • Time zone: GMT +3.
  • Telephone code: +90.
  • Barcode: 868 — 869.

 

Trade and economic cooperation between Belarus and Turkey

Turkey's economic performance in 2017:

  • GDP — $841.2 billion (according to the IMF);
  • GDP per capita — $10.4 thousand (according to the IMF);
  • Foreign debt — 27.9% to GDP (according to the IMF);
  • Inflation — 10.9% (according to the IMF);
  • Exports — $157.1 billion;
  • Imports — $234.2 billion;
  • Turkey's most valuable export products are agricultural products, vehicles, engineering products, furniture and parts thereof, electric appliances, clothing and textile;
  • Turkey's most valuable import products are energy, engineering products, vehicles, electric appliances, iron and steel.

In 2017, Turkish exports increased by 10.22% to $157.1 billion. The most exported products were agricultural products, vehicles, machinery and equipment, steel and steel structures, clothing. 

Turkey exported its goods to Germany, the UK, Iraq, Italy, the USA and UAE in 2017. It imported goods from China, Germany, Russia and the USA. 

In 2017, the country increased its imports by 17.9% to $234.2 billion. Its trade deficit increased by 37.6% to $77.1 billion.

In 2017, trade turnover between Belarus and Turkey increased by 15% to $942.1 million as compared to 2016, Belarusian exports increased by 58.4% to $134.4 million, Turkish exports — by 9.9% to $807.7 million.

Dynamics of trade between Belarus and Turkey in 2012 — 2017 years (in million U.S. dollars)

Year

Turnover

Exports

Imports

2012

492.6

145.5

347.2

2013

578.4

168.2

410.2

2014

628.7

165.6

463.1

2015

629.7

141.9

487.8

2016

817.4

84.8

732.6

2017

942.1

134.4

807.7

Belarus's most valuable products, imported by Turkey: 

  • Potassic fertilizers; 
  • Acrylonitrile;
  • Synthetic staple fibres and yarn; 
  • Semi-finished products and wire of steel; 
  • Woven fabrics of flax; 
  • Butter; 
  • Milk in powder.

Turkey's most valuable products, imported by Belarus: 

  • Agricultural products (seasonal fruits and vegetables, or fruits and vegetables, which do no grow in Belarus); 
  • Knitted fabrics; 
  • Synthetic yarn; 
  • Clothing and footwear; 
  • Tractors and parts thereof. 

In January — October 2018, trade turnover between Belarus and Turkey increased by 14.1% to $530 million as compared to the same period of 2017. Belarusian exports increased by 57.2% to $105.6 million.

In 2017, trade in services between the countries increased by 59.3% to $48 million as compared to 2016, Belarusian exports of services increased by 68.9% to $31 million, Turkish exports of services — by 47.2% to $17.1 million. Trade surplus was $14 million.

Belarus's most promising products to export to Turkey:

  • Machinery, equipment and vehicles;
  • Mineral fuels, mineral oils and products of their distillation;
  • Wood and articles thereof, paper;
  • Iron and steel, non-ferrous metals and articles thereof;
  • Chemical products;
  • Rubber (including synthetic fibres and yarns);
  • Wood and pulp-and-paper articles;
  • Rawhide, furs and articles thereof;
  • Food products and food raw materials;
  • Animal or vegetable fats and oils, and their cleavage products;
  • Prepared edible fats;
  • Crop protection agents;
  • Waxes;
  • Pharmaceutical products;
  • Preparations of a kind used in animal feeding;
  • Sensitive instruments and appliances used for measuring or checking in optics, photography, cinematography, medical or surgical sciences; their parts and accessories.

In 2017, 79% of investments in Turkey accounted for the EU-countries. The biggest investors were the Netherlands, Spain, Azerbaijan, Austria, Germany, Japan, China and the USA.

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the Republic of Turkey, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Turkey for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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Administration of Export.by

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