Turkey: Made in Italy exports keep pace, Italian investments contract

According to data released by the Turkish Statistical Institute (TUIK) and processed by ICE Istanbul, in the first nine months of 2010 Turkey's trade with the rest of the world amounted to USD 240.5 billion, up by 22 ,4% compared to the same period of 2009. The trade balance is in the red by 55.1 billion dollars (+83% compared to 2009).Türkiye Export Made in Italy

Italy is confirmed in fourth place in the ranking of partner countries with trade equal to 13.6 billion USD (+25.4 % compared to 2009), of which 8.3 are represented by exports (+35.6 % , Italy is the fifth supplier country) and 5.3 from imports (+12.5 %). The balance is active for Italy and amounts to USD 2.9 billion.

Italy's market share of the total imported from Turkey is equal to 5.6%, a slight increase compared to recent years and mainly supported by the supply of plant, machinery and technology. It is clear that Turkey's platform is becoming more and more industrialized and is aiming for ever higher levels of competitiveness. Hence the need to accompany our exports with a greater number of industrial collaboration operations.

On the other hand, the data on the foreign direct investment side are in the opposite direction. According to ICE Istanbul, again in the first nine months of 2010, these investments reached the figure of 5.2 billion dollars, with a decrease equal to 20.9% compared to the same period of the previous year. Only real estate investments show positive changes, going from USD 1,233 million in 2009 to USD 1,849 million in 2010 (+50%). In 2010 Italy invested 38 million dollars, a clear decrease compared to 2009 (-85%). The European countries that instead appear to have invested the most in Turkey are Holland, Germany and France.

Of the 25,927 foreign companies operating in Turkey, those Made in Italy are 802, or 3.1%.

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