Page 19 - TURKRptFeb21
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          E-commerce volume in card payments grew 40% y/y to TRY266bn while transactions were up 44% y/y to 875mn​.
In Q3, card payments in Turkey, a gauge for private consumption in the country, rose by 18% y/y to TRY294bn while official private consumption in GDP data based on current prices rose 24% y/y to TRY813bn, equivalent to 57% of the overall GDP value of TRY1.42 trillion at current prices.
The figures are not adjusted according to price increases.
As of end-September, there were 74mn credit cards and 181mn debit cards in use in the country, according to the latest data from Turkey’s Interbank Card Center (BKM).
Turkey’s population officially stands at 83mn, excluding migrants.
Combined sales of refrigerators, deep freezers, washing machines, dryers, dishwashers and ovens ​rose​ 17% to 7.8mn in 2020​. Production level rose 3% y/y in 2020 to 29.2mn units. Exports gained slightly to 22mn units.
      Card expenditures in Turkey
        TRYbn
   y/y
   E-commerce
   y/y
   Official CPI
   USD/TRY (eop)
  y/y
     2016
    618
    12%
    76
    31%
    9%
    3.5
   21%
     2017
    701
    13%
    103
    36%
    12%
    3.8
   7%
     2018
    850
    21%
    150
    46%
    20%
    5.3
   40%
     2019
    939
    11%
    190
    27%
    12%
    5.9
   12%
 2020
    1,062
     13%
     266
     40%
     15%
     7.4
    25%
       5.0​ External Sector & Trade
5.1​ Balance of payments, current account
5.1.1 ​Import/export dynamics
       Turkey's trade deficit expanded by 69% y/y to $50bn in 2021​ according to the general trade system, data from the trade ministry ​showed​ on January 5.
Imports moved up 4% to $219bn while exports declined by 6% to $170bn. Turkey’s machinery exports ​declined​ by 4.5% y/y to $17.1bn in 2020​.
The Turkish garment industry is ​targeting​ more than $20bn in exports in 2021​.
Turkey’s ferrous and non-ferrous metals sector exported $7.56bn of products from January-November​, a trade group ​said​ on December 8.
Turkey ​exported​ around 30mn tonnes of cement, collecting nearly $1bn in revenues, in 2020​.
Turkish fruit and vegetable industry’s exports ​rose​ by 21% to $2.7bn in 2020​.
Turkey ​exported​ $2bn worth of 280,924 tonnes of hazelnuts​ in 2020.
        19​ TURKEY Country Report​ February 2021 ​ ​www.intellinews.com
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