Page 15 - TURKRptApr21

4.5.2 Income dynamics
4.5.3 Retail sector dynamics
Combined sales of passenger cars and light commercial vehicles (LCVs) in Turkey expanded by 24% y/y to some 59,000 units in February after leaping 60% y/y in January.
Turkey’s real estate sales in February amounted to 81,222 units, up 15% m/m but down 31.6% y/y. In January-February, 151,809 units were sold, marking a 35% y/y decline.
Turkey’s intercity buses served 50mn people in 2020, down 75% y/y from 200mn in 2019.
5.0 External Sector & Trade
5.1 Balance of payments, current account
5.1.1 Import/export dynamics
Turkish carmakers shipped nearly 88,000 vehicles to foreign markets in February, marking a 14% y/y decline. Their export revenues inched up 1% y/y to $3bn. Export revenues fell by 3% y/y to $5bn in January-February.
Turkey’s exports of medical products expanded by 108% y/y to $5bn in 2020. Turkey’s arms imports fell by 59% between 2011–15 and 2016–20.
Turkey's energy imports
USDbn
2019
2020
y/y
Jan-Feb/20
Jan-Feb/21
y/y
Mineral Fuels
41
28
-33%
7
5
-24%
Brent Oil Price (average)
64
43
-33%
51
51
1%
Crude Oil (mn ton)
31
29
-5%
-
-
-
Natural gas (bn m3)
45
48
6%
-
-
-
15 TURKEY Country Report April 2021
www.intellinews.com