This article evaluates the changes in Turkeys share in its export markets and in the world market over the past decade. Based on a constant market share (CMS) analysis, changes in Turkeys market share is decomposed into market-related and commodity-related effects. The results reveal that Turkeys share in its main export markets, except the United Arab Emirates (UAE) and Russia, has increased and a large portion of this increase was due to the market share effect, which indicates the strong competitiveness of Turkey in these markets. Moreover, all the market-related and commodity-related effects are positive for the EU market, which is traditionally the most important trade partner of Turkey. The same is true for Ukraine. On the other hand, Turkey faces a poor match between the commodity composition of its exports and the import demand of the target markets such as Morocco, Egypt, China, Lebanon, Azerbaijan and China. However, for Morocco, Egypt and Lebanon, Turkey is successful in quickly adapting its commodity composition to the changes in the import profile of these markets. Finally, the results show that Turkeys share in a single world market has increased over time and this increase is largely resulted from the increasing competitiveness of Turkey. Also, Turkeys current trade partners are rapidly-growing markets in world trade, and most likely this will benefit to Turkey in the future. However, Turkey faces difficulties in adapting its market composition to rapidly growing new target markets.
Key words: Keywords: Turkey, export performance, constant market share analysis, commodity composition, competitiveness. JEL Codes: F10, F14, F15. Article Language: EnglishTurkish
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