مرکز منطقه ای اطلاع رساني علوم و فناوري - THE EVALUATION OF TURKISH EXPORTS FROM COMMERCIALRISKS POINT OF VIEW AND SECURING THE OPEN ACCOUNT EXPORTS

Abstract :

The contraction in world economies and world trade resulting from the global crisis led to the decrease in export and production capacities of the real sector. The unwillingness of financial institutions to give loans and the decrease in the supply of trade finance instruments in general affected the operating cycle of the companies negatively leading to the losses incurred by the companies. As a consequence of this, the lending conditions have been tightened more and the cost of lending has increased, as the commercial risks increased. As a result, the increase in company insolvencies have been observed in many developed countries including countries in the European Union. Exporting in a secure way is essential for the sustainability of exports and the economic growth. In this study, for the purpose of evaluating the effect of commercial risks on Turkish exports, the distribution of exports with regard to payment terms and to geography have been analyzed. The expectations on insolvencies as the main indicator of rising commercial risks have been taken into account for the countries the Turkish exports are mainly directed to. As we have seen throughout the study that the open account exports constitute the main part of the Turkish exports. Therefore, the role and the scope of the credit insurance and export factoring as being the financial instruments to secure the open account exports have been examined briefly and the coverage of open account exports have been estimated to come up with an outcome that shows the part of exports exposed to commercial risks.