Zeki Ceyhan: "Rejoicing that exports are increasing!"

Zeki Ceyhan: "Rejoicing that exports are increasing!"
Date: 31.10.2022 11:00

Milli Gazete columnist Zeki Ceyhan writes on Turkey's economy. Here is the full article.

email Print zoom+ zoom-
Those who complain about the economic situation find pro-government supporters rejoicing that "exports are increasing".
 
Are our exports really increasing?
 
Yes, it is indeed increasing.
 
But before rejoicing that "exports are increasing", shouldn't it be necessary to look at the state of imports?
 
If your exports are “increasing” and your imports are “decreasing,” rejoice as much as you can!
 
How glad you are!
 
You can even have a wedding feast.
 
But if your imports are increasing as your exports are increasing, then you should think for a long time before rejoicing as it is done today.
 
Especially if your imports have increased many times more than your exports, that is, if your foreign trade deficit has taken its toll, then it would be much more accurate if you were upset rather than rejoicing.
 
For example, as of September, our exports increased by 9.2 percent.
 
This is certainly a good development!
 
However, in order to talk about a full development, it is necessary to look at the import figures.
 
If the increase in import figures has exceeded 30 percent, that is, if your foreign trade deficit has exceeded 260 percent, then there is no point in rejoicing in vain.
 
If the increase in imports is as much as the increase in exports and there is no foreign trade deficit, then it can be thought that "our economy is on the right track".
 
But the data at hand prevent such thinking!
 
In an environment where interest rates cannot be lowered, inflation cannot be brought under control despite all well-intentioned efforts, and the prices in the markets change every day, being happy only by talking about the increase in exports has no meaning other than deceiving oneself.
 
The fact that the roads are full of trucks, that is, people are constantly on the move, does not indicate that the economy is in a good state.
 
Undoubtedly, there are worse cases, but this does not mean that; Our economy is on a good track!
 
We don't like to talk about pessimistic pictures either.
 
But we do not tolerate being as optimistic as our supporters.
 
Because we see that something is wrong in the economy and we feel it in our daily life.
 
We would like to remind you that the decrease in imports is as important as the increase in exports.
 
There should be no big differences between export and import!

YEREL HABERLER

Milli Gazete Puplication Group All Rights Reserved © 2000-2016 - Can not be published without permission ! Tel : +90 212 697 1000  /  Fax : +90 212 697 1000 Software Development and System Support: Milli Gazete