REFLECT A NET POSITIVE?
coincides with the one preferred by China. Turkish exporters also complain about volatility in the exchange rate, because 66 percent of the exports depend on imports in Turkey.
When foreign trade volume increases, our foreign trade deficit is also subject to a similar increase. The only period that has broken this general trend is between March
2012 - March 2013. As Turkey’s trade status vis a vis the EU improved, because of the EU’s debt crisis, the deficit declined in this period while the foreign trade volume increased.
In the period between March 2018 and August 2019, exports remained flat while imports decreased rapidly. The decline in foreign trade volume in parallel with the decline in imports continued impacted our macroeconomics in March 2018 and August 2019 period. In every period in which our foreign trade volume declined, our GDP also declined.
On the other hand, our share in international foreign trade is decreasing, but parallel to this, our foreign deficit is decreasing, placing a heavy burden on industry.