11,172.75 TRY BIST 100 BIST 100
4.56 CNY CNY CNY
33.00 USD USD USD
35.93 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.17 TRY Interest Interest
82.37 USD Fossil Oil Fossil Oil
28.80 USD Silver Silver
4.15 USD Copper Copper
103.01 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,530.70 TRY Gold (gr) Gold (gr)

According to TEPAV Report: Türkiye is leading in its export markets

TEPAV has reported that Türkiye is one of the six leading economies in the world in terms of product diversity and the world's leading country in terms of market diversity.

According to TEPAV Report: Türkiye is leading in its export markets

The Economic Policy Research Foundation of Türkiye (TEPAV) conducted an analysis on the development of Türkiye's shares in global trade and the diversification of its exports. Measuring diversity by taking into account the competitiveness dimension, the analysis showed that Türkiye is one of the six leading economies in the world in terms of product diversity and the world's leading country in terms of market diversity.

Hüseyin Ekrem Cunedioğlu, Development Program Director at TEPAV, released an assessment note titled "Türkiye's Foreign Trade Performance: Diversification of Exports". The study is the first in a series of notes on Türkiye's foreign trade performance.

The assessment note explains that "the analysis shows that Türkiye is among the world's leading countries in terms of product and market diversity in exports. This high diversification facilitates Türkiye's rapid export recovery in times of global crisis and reduces its vulnerability to sectoral or market shocks. On the other hand, it is also assessed that the country should not delay any longer in making use of its diversification advantage with a proper specialization strategy to increase the contribution of foreign trade to growth under production capacity constraints."

Türkiye's export diversification has been on an upward trend for 20 years
TEPAV's research utilized the BACI database published by the French think tank CEPII, which presents the trade flows of 226 countries in approximately 5000 products.

All indicators show that Türkiye's export diversification has been on an upward trend for the last two decades, with three indicators for product diversification and two indicators for market diversification.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

ArcelorMittal Poland closes coke battery in Krakow

Tuesday, July 23, 2024

Made in Steel 2025: Steel industry is shaping the future!

Monday, February 26, 2024

Egypt’s rebar market with price fluctuations and competitive offers this week

Tuesday, July 23, 2024

India underlines the important role of green steel in the iron and steel sector

Monday, July 22, 2024

Ermaden discovered a gold mine in Sivas

Tuesday, July 23, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now