Session D2 Rachel Nelson
Session D2 Rachel Nelson
Session D2 Rachel Nelson
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<strong>Rachel</strong> <strong>Nelson</strong> Senior Trade Advisor Foreign Agricultural Service <strong>Rachel</strong>.<strong>Nelson</strong>@fas.usda.gov Global Policy Analysis Division Office of Global Analysis
Historically a net exporter; increasing reliance on imports Billions 16 14 12 10 8 6 Turkey's Exports Turkey's Imports 4 2 -‐ Source: FAS analysis of GTIS data Global Policy Analysis Division Office of Global Analysis
Turkey is diversifying its export markets Billions US$ 12 10 8 6 4 2 -‐ 2008 2009 2010 2011 2012 ROW EU-‐27 Iraq Russia United States Ukraine Global Policy Analysis Division Office of Global Analysis
Turkey is a net importer of agricultural products from U.S. Millions 2,500 2,000 1,500 1,000 U.S. Exports to Turkey Turkey's Exports to U.S. 500 0 Source: FAS analysis of GTIS data Global Policy Analysis Division Office of Global Analysis
! Long-‐term shi` from bulk products to consumer oriented ! Tobacco accounts for bulk shipments; consumer oriented products sebng recent records Turkey’s Exports to U.S. 1992 -‐ 2012 (Millions US$) 400 350 300 250 200 150 100 Consumer-‐Oriented Bulk Intermediate 50 -‐ Source: FAS analysis of GTIS and GATS data Global Policy Analysis Division Office of Global Analysis
Millions US$ 700 600 500 400 300 200 100 0 U.S. Exports to Turkey 3 Records in Top 5 Millions US$ Turkey’s Exports to U.S. 2 Records in Top 5 160 140 120 100 80 60 40 20 0 Source: FAS analysis of GTIS and GATS data Global Policy Analysis Division Office of Global Analysis
US$ appreciates vs. Turkish Lira post 2008 crisis 2 1.8 1.6 1.4 1.2 1 0.8 0.6 0.4 0.2 0 June-‐02 December-‐02 June-‐03 December-‐03 June-‐04 December-‐04 June-‐05 December-‐05 Source: FAS analysis of Global Insight data June-‐06 December-‐06 June-‐07 December-‐07 June-‐08 December-‐08 June-‐09 December-‐09 June-‐10 December-‐10 June-‐11 December-‐11 USD/TRY June-‐12 December-‐12 Global Policy Analysis Division Office of Global Analysis
! Turkey 11 th largest market for the United States in 2012 ! Trade with Asia growing 35 30 25 20 15 10 5 0 Top U.S. Ag Export Markets US$ billion Source: FAS analysis of GTIS and GATS data Global Policy Analysis Division Office of Global Analysis
THANK YOU ! Global Policy Analysis Division Office of Global Analysis
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