Turkey: Foreign Exchange Assets and Liabilities of Non-Financial Companies - October 2021

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1. Foreign Exchange Assets and Liabilities of Non-Financial Companies Data Governance and Statistics Department OCTOBER 2021
2. Foreign ExchangeAssets and Liabilities of Non-Financial Companies | October 2021 1 Evaluations According to the table of Foreign Exchange Assets and Liabilities of Non-Financial Companies as of October 2021, assets increased by USD 5,472 million while liabilities decreased by USD 382 million, compared to September 2021. Accordingly, Net Foreign Exchange Deficit recorded USD 116,388 million indicating a decrease of USD 5,854 million compared to September 2021 (Graph 1). Graph 1. Net Foreign Exchange Position - Assets and Liabilities (Million USD) Assets Liabilities Net Foreign Exchange Position 200,000 100,000 0 -100,000 -200,000 -300,000 2021-10 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 -400,000 On the asset side; export receivables, deposits held by domestic banks and direct investments abroad increased by USD 2,734 million, USD 2,118 million and USD 554 million respectively compared to September 2021. Accordingly, assets recorded an increase of USD 5,472 million (Graph 2). On the liability side; domestic loans and external loans (excluding trade credits) decreased by USD 557 million and USD 503 million respectively, while import payables increased by USD 678 million compared to September 2021. Accordingly, liabilities recorded a decrease of USD 382 million (Graph 3). Graph 2. Composition of Assets (Million USD) Securities Export Receviables Direct Investment Abroad Deposits Graph 3. Composition of Liabilities (Million USD) Domestic Loans External Loans Import Payables 400,000 400,000 300,000 300,000 200,000 200,000 100,000 100,000 2020 2021-10 2019 2018 2017 2016 2015 2014 2013 2012 2011 0 2010 2020 2021-10 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 0 In October 2021, short-term domestic loans increased by USD 236 million, while long-term domestic loans decreased by USD 793 million compared to September 2021. Short-term external loans increased by USD 1,639 million, while long-term external loans decreased by USD 1,464 million (Graph 4).
3. Foreign ExchangeAssets and Liabilities of Non-Financial Companies | October 2021 2 Graph 4. Maturity Breakdown of Liabilities (Million USD) Domestic FX Loans Import Payables Domestic Non-Bank Financial Institutions External FX Loans Domestic FX-Indexed Loans 300,000 250,000 200,000 150,000 100,000 50,000 2014-12 2015-12 2016-12 2017-12 2018-12 2019-12 Long-Term Short-Term Long-Term Short-Term Long-Term Short-Term Long-Term Short-Term Long-Term Short-Term Long-Term Short-Term Long-Term Short-Term Long-Term Short-Term 0 2020-12 2021-10 In October 2021, short-term assets recorded USD 140,036 million while short-term liabilities recorded USD 76,850 million. Accordingly, Short-Term Foreign Exchange Surplus recorded USD 63,187 million indicating an increase of USD 3,043 million compared to September 2021 (Graph 5). The share of the short-term liabilities in total liabilities is 28 percent (Graph 6). Graph 5. Short-Term Net Foreign Exchange Position (Million USD) Net Foreign Exchange Position Short-Term Net Foreign Exchange Position 80 40 0 -40 -80 -120 -160 2021-10 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 -200 Graph 6. Share of the Short-Term Liabilities in Total Liabilities (%) 50% 45% 40% 35% 30% 25% 2021-10 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 20%