Poland’s trade balance. Turkey’s role not only through the purchase of drones. “To the door to the Middle East”
Our trade turnover with Turkey in the pandemic not only has not declined, it has increased sharply. The zloty in trade settlements accounts that there will be more than the Chinese yuan. But Turkey is not only the sales market with its 83 million population, it is also a window to the countries of the Middle East. I can do something that can do in several appointments. For the Turkish military through Poland, military military for the army.
- Purchase of combat drones in Turkey by Poland
- Our exports to that market increased by 27% this year.
- The Polish-Turkish Chamber of Commerce says that the policy makers may be able to offer many new opportunities on the market, which can create our products, which are entitled to the countries of the Middle East
- More such information can be found on the main page of Onet.pl
President Andrzej Duda in May Purchase for the purchase of Turkish army TB-2 drones for over PLN 1 billion. Minister Błaszczak informed about the conversation about the interaction regarding further cooperation.
Perhaps it happened in Polish photos of the restrictions by the United States on the Nord Stream. Later, in the report, Polish firefighters helped put out hair fires in Turkey.
External websites. The Polish zloty is a place among the settlement currencies of Turkish exporters, ahead of the Chinese yuan, according to Marek Nowakowski, president of the Polish-Turkish Chamber of Commerce, and Adam Stosio, director of proceedings at Ebury Polska. To the authors of the report, “Turkey is becoming the biggest problem in trade. How can Polish companies do about it?”
Our pandemic exports not only did not decline, but also increased last year. by 18.6% make PLN 10 billion – results from GUS data. Imports rose by 4.7 percent. make PLN 17.6 billion.
In 2021, exports accelerated even more, because in the period from January to July their value by 27.3% higher during the replacement period. and I will complete the data of PLN 5.3 billion – according to the Central Statistical Office. Imports went up by 46 percent. yyyyy up to PLN 9 billion. For comparison, our entire export increased by 26 percent in the same period, and imports by 27.8 percent.
We have a controlling account in trading with Turkey. But there are opportunities to equalize.
export turkey
The door to the Middle East
Almost a fifth of Turkish exports go to the countries of the Middle government, we read in the Nowakowski and Stosio systems. “That is why good cooperation with suppliers in Turkey for Polish companies not only on the market of imports from the Bosphorus or sales on the local market, but also on opening of the opening to be opened immediately“.
The Middle East has a value that is to have new points that are to increase, they also have new additions and increasing the frequency than from Poland.
“For example, domestic exports to Iraq account for only 2% of Turkish exports to this country, to Egypt – only 12%, to the United Arab Emirates – 22% of Turkish exports to the UAE. So there is a potential for such cooperation – pointed out Nowakowski and Stosio.
See also: Erdogan is building the Canal for $ 65 billion, right next to the Bosphorus
What are we exporting to Turkey? Mainly machines and mechanical devices (34% of exports to Turkey this year) with harvesting machines (5% of exports), including combine harvesters and internal combustion engines – according to the Central Statistical Office (GUS) data. Non-rail trucks have a large share (17% of exports to Turkey), including lorries (4.8%), car parts, lorries and lorries. Turkey also buys base metals from us (15.9% of exports), especially waste and scrap of iron and steel (8.9% of exports), but also chemicals (8.7%), including washing powders (2.4%), and plastic products (8.7%).
This year from our exports to Turkey Our export of harvesting machines was growing rapidly (+372% y / y), truck tractors (+ 151% y / y) and waste and scrap iron and steel (+ 144%).
The Turkish ones are selling to the heads of the company’s main owners (27.3% of imports from Turkey), including mainly clothing (9.7% of imports from Turkey), but we also buy non-railroads (23%) there, with passenger cars at the forefront (9.7% imports) and machinery and mechanical devices (16.3%).
The largest increase in imports from Turkey took place this year heavy goods vehicles (+291% y / y), but also clothing sets (+102 percent). Apparently, supply chains from China are at odds in the pandemic diverted some of the habits of the clothing store chain to Turkey.
“IN surge in sea freight prices from China Polish companies, other methods of import, from the Middle Kingdom are more and more often browsing the subject of geographical sight, including Turkey. In addition to exceptional costs and suppliers, the vendor suppliers there, importers can count on a good value for money. The words abducted about the fact that import goods to Poland have a lot of current progress also confirm us for the Turkish authorities on parental control – comments by Marek Nowakowski and Adam Stosio.
“In many market segments, Polish and Turkish businesses can complement each other with an amendment for both sides,” they add. The first example is the entire automotive sector, not only in the supply of components for new cars, but also selling cars and parts.
Auto market repair track
“Many Polish companies or parts workshops may not be Expense relief still recent increases, such as cars, and hence – on a steady. Over the years, Polish suppliers have developed a very strong brand on the local automotive market “- indicated in the conditions.
The authors also sell a large sales potential for the sale of machines that contribute to the sale and sale of the roll, which gives one already growing sale for the current year, where the combines have turned out to be hits.
“Turkey still remains one of the world’s producers of products (e.g. providing money transfer) about 70 percent hazelnut production tab), but still improving the quality of the final product requires a lot of investment. Yes, to be able to fruit in Spain on international companies, South Africa, Israel or Italy “- in development.
But it is not everything. “Turkey also has ambiance to become one of the medical medicine medicine (e.g. aesthetic medicine) for the countries of the Middle East and Europe. And where it will generate demand for production and medical products, production in Turkey is a well-developed device – the beginning.
As the next ones, they have more Polish cosmetics, they already have an established line of Bosphorus appearances for the first time. But also furniture and the raw material for their production. “Turkish producers of countries develop exports, incl. to countries, but they have to import, for example, fibreboard and accessories, ”say Nowakowski and Stosio.
Turkey is not only about tourism
For Poles, more and more attractive due to the fall in the lyrical exchange rate, Turkey may be associated with perhaps tourist values. According to the calculation of travel and travel implemented before the pandemic, the level of 12.7% of the GDP of this country, more than 51 million tourists were included in this country. A pandemic in them, because the number of tourists dropped to just 12.7 million last year. This year, more than 10 million has been since January July, it will be difficult Erdogan’s May forecast of 30 million for the entire year and 23 billion dollars. z o. o
But this does not prevent the local economy from making a deal. In the second place it showed on one of the largest dynamics in the world, growing by 21.7 percent. yyyyy A year ago, it was in the second place by 9.9 percent. How can you calculate from these numbers over two years, the increase is 9.7 percent. To make the markers better than the current countries. In the EU, only Ireland is Irish, which has a two-year scale.
For the Polish economy, it grew by 2.1 percent in the second quarter of this year. In Europe, except Ireland, only Estonia (+7.5%) and Serbia (+6.6%) increased two-year growth.
Value component of the value added in the producing economy from 26.5 percent. share in second place in second place this Trade, tourism are present in second place, they recorded 23.9 percent. GDP.
Monetary defect
However, the calculations for the development of the Turkish economy are flawed. Exchange. Turkish information is presented in the calculations in the local data. It is worse in convertible currencies.
Counting in the second point of euros, i.e. for the group of 162 euros, only 1.5 billion euros more than in the second contractual position in 2019, and Irish by 16.5 billion euros to 105 billion euros.
The problem stems from saving the installment crown in capital finance. Since President Recep Erdogan informally took control of the bank’s operations, and the relationship with this and the overprinting of the coin, the Turkish lira has proved to be the next bottom of trading. Over the last year, it did not lose only to the Argentine peso, to lose 11.8% to the euro, 11.1% to the euro, the zloty cost depreciating by 9.2%. On the scale of the last five poems to the beginning, up to 66.2 percent.
It could be cash money, nursing money in this country of origin of China. According to IMF estimates, gross domestic product per capita in the channels last year’s levels. 10.5 thousand hole. per year at current prices, and in Turkey – 8.5 thousand. hole. He recommends that workers in Turkey are already cheaper than in China.
Turks have not only declines in currency that exist in the world, but also inflation (CPI). This one in 1 19.3 percent. per year and the same is worse only in: Let’s take African, African, Iran, Argentina and Surinma. In Poland, we break our hands and inflation 5.5. Which is not much consolation – it could be worse.
They do have rates, just like Poland, but much less than we do. We, that is, we withdrew to 18 percent, 1 percentage point. with the tasks of 19.3 percent. My main rate is 0.1 percent. with tasks of 5.5 percent.