Abstract :
Customs Union Agreement served as an intermediary for ensuring the partial economic integration between Turkey and the EU. During the initial years of this integration, the trade relations with the European Union had a significant role in the Turkish economy. However, it can nowadays be observed that the EU’s share in Turkey’s foreign trade is gradually diminishing. In this context, this study, which analyzes the concentration of trade between Turkey and BRICS in the post-CU period based on products and countries, benefited from the data provided by the Turkish Statistics Institution. As a result of the study, it was observed that the country-based trade intensification moved from Russia to China after the ratification of the CU Agreement. It was determined that the product-based concentration in exportation occurred only within the product group named “Crude Materials, Inedible, Except Fuels” (54.8%), whereas the concentration within importation occurred in the product groups named “Mineral Fuel, Lubricants and Related Materials” (35.3%), “Miscellaneous Manufactured Articles” (32.%) and “Animal and Vegetable Oils, Fats and Waxes” (30.5%).
NaturalLanguageKeyword :
Trade Concentration , Foreign Trade , BRICS Countries , Turkey , Customs Union
