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

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

Italy remains 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 1TP3Q). The balance is active for Italy and amounts to 2.9 billion USD.

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

The data on the foreign direct investment side, however, go against the trend. According to what was elaborated by ICE Istanbul, again in the first nine months of 2010, these investments reached the figure of 5.2 billion dollars, with a decrease of 20.9% compared to the same period of the previous year. Only real estate investments show positive changes, going from 1,233 million USD in 2009 to 1,849 million USD in 2010 (+50%). In 2010, Italy invested 38 million dollars, a sharp decrease compared to 2009 (-85%). The European countries that 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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