Page 30 - TURKRptJul20

Assets contracted by $9bn m/m while liabilities grew by $7bn in the month.
The contraction in assets was mainly due to a decline in the central bank’s securities (down $13bn m/m) while non-financial corporations’ trade credits declined by $4bn m/m despite a $2bn rise in the bank’s FX deposits abroad.
The rise in liabilities was mainly due to the $17bn m/m jump in direct equity capital investments.
5.2​ Balance of payments, current account 5.2.1 ​Import/export dynamics
2017
2018
2019
Jan-May
USD bn
y/y (%)
USD bn
y/y (%)
USD bn
y/y (%)
USD bn
y/y (%)
Balance
-77
37
-55
-28
-31
-44
-20
75
Exports
157
10
168
7
172
2
58
-20
Imports
234
18
223
-5
203
-9
79
-7
Capital Good
33
-8
29
-12
26
-12
11
6
Intermediate
171
28
170
-1
158
-7
60
-10
Consumption
28
2
23
-20
18
-19
7
2
source: tuik, trade ministry
Turkey’s trade ministry has published 38 communiques in the Official Gazette to change tariff rates on 150 products, business daily Dunya ​reported​ on June 7.
30​ TURKEY Country Report​ July 2020 ​ ​www.intellinews.com