Turkey’s trade deficit widened to USD 11.3 billion in March 2026 from USD 7.2 billion in the same month last year, according to data from the Trade Ministry. This marks the largest trade gap since April last year, as imports rose 8.4% year-on-year to USD 33.2 billion, driven by higher purchases of investment goods (+7.9%), raw materials (+11.5%), and other goods (+249.5%). The largest import sources were China (14.3% of total imports), Germany (7.7%), Russia (6.1%), Switzerland (4.9%), and the US (4.6%). Meanwhile, exports fell 6.4% to USD 21.9 billion, weighed down by lower sales of investment goods (-2.7%), raw materials (-2.6%), and consumer goods (-15.3%). Top export destinations were Germany (8.3%), the US (6.3%), Italy (5.9%), the UK (5.3%), and France (4.5%). In the first quarter of 2026, the trade deficit widened to USD 28.7 billion from USD 22.5 billion a year earlier, as imports rose 4.7% while exports declined 3.1%. source: Turkish Statistical Institute

Turkey recorded a trade deficit of 11263 USD Million in March of 2026. Balance of Trade in Turkey averaged -2172.53 USD Million from 1957 until 2026, reaching an all time high of 187.98 USD Million in October of 2018 and a record low of -14290.14 USD Million in January of 2023. This page provides the latest reported value for - Turkey Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.

Turkey recorded a trade deficit of 11263 USD Million in March of 2026. Balance of Trade in Turkey is expected to be -7800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Balance of Trade is projected to trend around -8300.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-31 07:00 AM
Balance of Trade Final
Feb $-9.0B $-8.4B $-9.2B $-9.2B
2026-04-02 08:40 AM
Balance of Trade Prel
Mar $-11.3B $-9.0B $ -7.7B
2026-04-30 07:00 AM
Balance of Trade Final
Mar $-9.0B $-11.3B


Related Last Previous Unit Reference
Balance of Trade -11263.00 -9031.34 USD Million Mar 2026
Exports 21918.00 21048.68 USD Million Mar 2026
Imports 33181.00 30080.02 USD Million Mar 2026
Tourism Revenues 15152.00 24258.00 USD Million Dec 2025


Turkey Balance of Trade
The Turkish trade balance has been in deficit since 1947. Turkey major exports are road vehicles, textiles, iron and steel, clothing and food, while imports were machinery and transport equipment, manufactured goods, mineral fuels and lubricants and chemicals. The biggest trade deficits were recorded with China, Russia, Germany, South Korea, Switzerland, India, Iran and Japan; and the largest surpluses were recorded with Iraq, the UAE, the UK, Israel, Syria, Northern Cyprus and Azerbaijan.
Actual Previous Highest Lowest Dates Unit Frequency
-11263.00 -9031.34 187.98 -14290.14 1957 - 2026 USD Million Monthly

News Stream
Turkey Trade Gap Largest in 11 Months
Turkey’s trade deficit widened to USD 11.3 billion in March 2026 from USD 7.2 billion in the same month last year, according to data from the Trade Ministry. This marks the largest trade gap since April last year, as imports rose 8.4% year-on-year to USD 33.2 billion, driven by higher purchases of investment goods (+7.9%), raw materials (+11.5%), and other goods (+249.5%). The largest import sources were China (14.3% of total imports), Germany (7.7%), Russia (6.1%), Switzerland (4.9%), and the US (4.6%). Meanwhile, exports fell 6.4% to USD 21.9 billion, weighed down by lower sales of investment goods (-2.7%), raw materials (-2.6%), and consumer goods (-15.3%). Top export destinations were Germany (8.3%), the US (6.3%), Italy (5.9%), the UK (5.3%), and France (4.5%). In the first quarter of 2026, the trade deficit widened to USD 28.7 billion from USD 22.5 billion a year earlier, as imports rose 4.7% while exports declined 3.1%.
2026-04-02
Turkey Trade Gap Widens in February
Turkey’s trade deficit widened to USD 9.0 billion in February 2026 from USD 7.8 billion in the same month last year. Imports rose 5.5% year-on-year to USD 30.1 billion, driven by higher purchases of capital goods (+15.8%), intermediate goods (+4.7%), and other goods (+168.3%). China remained the top import source, accounting for 13.7%, followed by Russia (8.3%), Germany (7.3%), Switzerland (5.6%), and the US (4.5%), together making up 39.5% of total imports. Meanwhile, exports increased at a slower 1.5% to USD 21.0 billion, supported by gains in mining and quarrying (+7.3%) and manufacturing, which accounted for 93.8% of total exports. Germany remained the top export destination (8.8%), followed by the UK (5.9%), US (5.9%), Italy (5.3%), and France (4.4%), together comprising 30.3% of exports. In the January–February period, exports fell 1.3% to USD 41.4 billion, while imports rose 2.8% to USD 58.8 billion, pushing the trade deficit up 13.8% year-on-year to USD 17.4 billion.
2026-03-31
Turkey Trade Deficit Widens in February
Turkey’s trade deficit widened to USD 9.2 billion in February 2026 from USD 7.80 billion in the same month last year, according to data from the Trade Ministry. Imports climbed 6.1% year-on-year to USD 30.3 billion, driven by higher purchases of investment goods (+15.7%), raw materials (+5.6%), and other goods (+168.5%). The largest import sources were China (13.6% of total imports), Germany (7.3%), and Switzerland (5.6%), which recorded annual growth rates of 16.6%, 3.5%, and 36.5%, respectively. Meanwhile, exports rose at a softer 1.6% to USD 21.1 billion, as gains in investment goods (+26.9%), raw materials (+1%), and other goods (+17.8%) were partly offset by a decline in consumer goods exports (-6.7%). Leading destinations were Germany (8.8% of total shipments), the US (5.9%), and the UK (5.6%), with exports to Germany and the US up 10% and 4.4%, while the UK fell 5.8%. In the first two months of 2026, the trade deficit rose to USD 17.6 billion from USD 15.3 billion a year ago.
2026-03-03