Page 20 - TURKRptFeb21

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. Turkey’s defence and aerospace exports declined by 14.8% y/y to $2.3bn
in 2020.
In 2020, Turkey’s exports to the US increased 12.2% to $8.8bn while exports to China rose by 2.8% to $2.6bn.
5.1.2 Current account dynamics
5.1.3 Capital flight dynamics
Turkey’s current account deficit jumped to $4.06bn in November. The market consensus forecast was for around $3.7bn.
The 12-month running cumulative deficit rose to $38bn.
Non-residents' holdings of equity and government domestic debt securities ($ mn) (Market Value)
2017
2018
2019
2020
Jan-22
since Nov 6
STOCK
Equity
51,984
29,350
32,422
29,048
30,745
30,745
GDDS
30,942
18,325
15,448
8,598
9,159
9,159
Repo
2,403
314
513
1,850
1,817
1,817
Private
959
612
406
225
222
222
NET TRANSACTIONS (Adjusted for Foreign Exchange and Market Price Effects)
Equity
3,324
-1,039
414
-4,280
201
1,771
GDDS
7,383
-906
-3,121
-5,006
507
3,117
Repo
268
-1,391
174
1,439
39
1,690
Private bond
40
-343
-207
-181
24
37
source: tcmb
20 TURKEY Country Report February 2021 www.intellinews.com