Fact sheet Thailand – Turkey

Turkey - Fact Sheet

General Information

Official name Republic of Turkey

Area : 780,580 km2
Capital city : Ankara
Population : 79 millions
Official Language: Turkish
Religion : Muslim 99.8%
President : Mr. Recep Tayyip Erdoğan
Prime Minister : Mr. Binali Yıldırım
Minister of Foreign Affairs : Mr. Mevlüt Çavuşoğlu
National Day : 29th October
Date of diplomaticrelation establishment: 12 May 1958
Geography : Southeastern Europe and Southwestern Asia (that portion of Turkey west of the Bosporus is geographically part of Europe), bordering the Black Sea, between Bulgaria and Georgia, and bordering the Aegean Sea and the Mediterranean Sea, between Greece and Syria Climate temperate; hot, dry summers with mild, wet winters; harsher in interior

Economic Information (2017)

GDP : $ 841.2 billion Currency : Turkish Lira (TRY) (1 TRY = 9.33 Thai Baht) GDP Per Capital : $ 26,500 GDP - Real Growth Rate : 5.1 % Inflation rate : 10.9 % Natural Resources : Coal, copper, chromium, lead, gold

Export value: $157.3 billion Export products : Motor cars and parts, machinery, steel products for industry, textile, garment, radio and television tuners Export Markets : Germany, United Kingdom, Russia, Iraq, Iran, Italy, France, United States Import value : $ 196.8 billion Import products : Oil and natural gas, machinery, chemicals Import market : Germany, United States, Italy, United Kingdom, France, Russia, Iran

Thailand – Turkey Trade Information (2017)

Trade value : $ 1,517.40 million
Export value : $ 1,266.46 million
Export products from Thailand to Turkey Motor cars and parts, air conditioning machine and parts, synthetic filament, rubber, rubber products
Import value : $ 250.94 million
Import product from Turkey to Thailand Motor cars and parts, garments, iron and steel products, vegetables and vegetable products, jewellry

Thai diplomatic corps in Turkey : The Royal Thai Embassy in Ankara, Turkey
Ambassador: Mrs. Phantipha Iamsudha Ekarohit
Turkish diplomatic corps in Thailand : The Embassy of the Republic of Turkey in Bangkok, Thailand
Ambassador: Mrs. Evren Dagdelen Akgun

Trade, Investment, and Tourism Information

Trade

  • Turkey ranks the 37th largest trade partner of Thailand in the world and is the 10th largest trade partner of Thailand in Europe
  • In 2017, the two countries’ trade value was $1,517.40 million (increasing 9.4% from last year), overbalance $1,015.52
    million

Top ten export and import products of Thailand and Turkey

Export products (from Thailand to Turkey)

  1. Motor cars, parts and accessories
  2. Air conditioning machine and parts thereof
  3. Synthetic filament and staple fibres
  4. Rubber
  5. Rubber products
  6. Refrigerators and parts thereof
  7. Polymers of ethylene, propylene, etc in primary forms
  8. Yarn and man-made filaments
  9. Machinery and parts thereof
  10. Automatic data processing machines and parts thereof

Import products (from Turkey to Thailand)

  1. Jewellery
  2. Machinery and parts
  3. Garments
  4. Chemicals
  5. Vegetables and vegetable products
  6. Electrical machinery and parts
  7. Parts and accessories of vehicles
  8. Mineral and mineral products
  9. Fabrics
  10. Fruits, vegetables, fruit and vegetable preparations

Investment

  • Thai investment in Turkey In the present, Charoen Pokphand Foods Public Company Limited has invested in fully integrated poultry processing operation in Turkey. Turkish government also promotes the investment and guarantees foreign investors since its economy depends on foreign investment. This is considered as a great opportunity for some Thai investors and exporters, for example, tourism industry such as Thai restaurants, hotels, spa, event and exhibition organizing, food processing industry, fishing industry, and halal food industry, etc.
  • Turkish investment in Thailand There is no data available in this section; however, many Turkish entrepreneurs are interesting to invest with Siam Cement Group in joint venture Company named “Asia Cement”

Tourism

  • In 2017, there were 80,964 Turkish tourists visiting Thailand
  • Approximately, there are 12,000 Thai tourists that travel to Turkey each year.
  • Free visa for both Thai and Turkish travelers for 30 days

Key persons

Mr. Recep Tayyip Erdoğan

President of the Republic of Turkey

Mr. Binali Yıldırım

Prime Minister of the Republic of Turkey

Mrs.Evren Dagdelen Akgun

Turkish ambassador to Thailand

Mrs. Phantipha Iamsudha Ekarohit

Thai Ambassador to Turkey

Dr.Sombat Thiratrakoolchai

President of Thailand-Turkey Business Council