Three Things to Know about Turkey’s Trade with China Evaluation Note / İrem Kızılca
Turkey’s trade with China has been accelerating since the late 90s. While the value of trade between Turkey and China was below $1 billion in 2000, it has exceeded $24 billion in 2012. As of 2012, Turkey’s exports to China were $2.8 billion, while its imports were $21.2 billion, resulting in a $18.4 billion deficit.
Three points concerning Turkey’s economic relationship with China stand out considering the rising importance of trade with China for Turkey. First, Turkey imports high-tech products at a low price from China. Second, Turkey exports a large fraction of natural resources to China below average world prices. Third, despite the rapid increase in exports over the past 16 years, Turkey has neither captured a significant share of Chinese imports, nor integrated into emerging Asian markets..."
- Three Things to Know about Turkey s trade with China