Turkey: Foreign Exchange Assets and Liabilities of Non-Financial Companies - February 2022

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1. Foreign Exchange Assets and Liabilities of Non-Financial Companies Data Governance and Statistics Department FEBRUARY 2022
2. Foreign ExchangeAssets and Liabilities of Non-Financial Companies | February 2022 Evaluations According to the table of Foreign Exchange Assets and Liabilities of Non-Financial Companies as of February 2022, assets increased by USD 1,077 million while liabilities increased by USD 2,006 million, compared to January 2022. Accordingly, Net Foreign Exchange Deficit recorded USD 119,924 million indicating an increase of USD 929 million compared to January 2022 (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 2022-02 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 -400.000 On the asset side; while deposits held by domestic banks and direct investments abroad increased by USD 1,853 million and USD 154 million respectively, export receivables decreased by USD 798 million compared to January 2022. Accordingly, assets recorded an increase of USD 1,077 million (Graph 2). On the liability side; domestic loans, external loans (excluding trade credits) and import payables increased by USD 1,465 million, USD 131 million and USD 410 million respectively, compared to January 2022. Accordingly, liabilities recorded an increase of USD 2,006 million (Graph 3). Graph 2. Composition of Assets (Million USD) Securities Direct Investment Abroad Export Receviables Deposits Domestic Loans 400.000 400.000 300.000 300.000 200.000 200.000 100.000 100.000 2022-02 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 0 2010 2022-02 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 External Loans Import Payables 0 2010 Graph 3. Composition of Liabilities (Million USD) In February 2022, short-term domestic loans increased by USD 1,531 million, while long-term domestic loans decreased by USD 66 million compared to January 2022. Short-term external loans increased by USD 459 million, while long-term external loans increased by USD 82 million (Graph 4). 1
3. Foreign ExchangeAssets and Liabilities of Non-Financial Companies | February 2022 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 2015-12 2016-12 2017-12 2018-12 2019-12 2020-12 2021-12 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 2022-02 In February 2022, short-term assets recorded USD 132,957 million while short-term liabilities recorded USD 80,327 million. Accordingly, Short-Term Foreign Exchange Surplus recorded USD 52,630 million indicating a decrease of USD 1,067 million compared to January 2022 (Graph 5). The share of the short-term liabilities in total liabilities is 29 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 2022-02 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 (%) %45 %40 %35 %30 %25 2021 2022-02 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 %20