Turkey Balance of Trade  1957-2017 | Data | Chart | Calendar | Forecast

Turkey's trade deficit increased to $4.95 billion in April of 2017, compared to a $4.2 billion gap a year earlier. Exports increased by 7.4 percent to $12.8 billion, mainly driven by mining and quarrying, and manufacturing. Imports rose 9.9 percent to $17.8 billion, led by mining and quarrying and manufacturing. Considering the first four months of the year, the trade deficit widened by 7.1 percent to $17.5 billion. Balance of Trade in Turkey averaged -1594.63 USD Million from 1957 until 2017, reaching an all time high of 24.51 USD Million in December of 1971 and a record low of -10453.06 USD Million in September of 2011.

Turkey Balance of Trade
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-31 07:00 AM Feb $-3.69B $-4.31B $-3.9B
2017-04-28 07:00 AM Mar $-4.5B $-3.69B $-5.2B
2017-05-31 07:00 AM Apr $-4.95B $-4.5B $-3.8B
2017-06-30 07:00 AM May $-4.95B $-5.2B
2017-07-31 07:00 AM Jun
2017-08-29 07:00 AM Jul




Turkey Trade Gap Widens In April


Turkey's trade deficit increased to $4.95 billion in April of 2017, compared to a $4.2 billion gap a year earlier. Exports increased by 7.4 percent to $12.8 billion, mainly driven by mining and quarrying, and manufacturing. Imports rose 9.9 percent to $17.8 billion, led by mining and quarrying and manufacturing. Considering the first four months of the year, the trade deficit widened by 7.1 percent to $17.5 billion.

Year-on-year, exports went up by 7.4 percent to USD 12.8 billion, mainly boosted by sales of manufacturing (7.9 percent, 94.1 percent of total exports) and mining and quarrying (35.8 percent, 2.6 percent of exports). In contrast, sales fell for agriculture, hunting and forestry (- 20.4 percent, 2.7 percent of total exports) and fisheries (-3.3 percent, 0.2 percent of total exports). Exports rose to UAE (237.5 percent), Iraq (51.1 percent); the USA (24.3 percent) and Italy (12.7 percent). 

Imports rose by 9.9 percent to USD 17.8 billion, mainly driven by purchases of mining and quarrying (48 percent, 11.5 percent of total imports); manufacturing (4.5 percent, 80.5 percent of total imports) and agriculture, hunting and forestry (13.1 percent, 4.7 percent of total imports). Imports went up from Russia (29.9 percent); Iran (105.3 percent); Spain (28.2 percent) and UAE (87.6 percent).

On a seasonally adjusted basis, exports decreased 2.7 percent from the previous month while imports increased 1.6 percent.

Turkish Statistical Institute l Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/31/2017 9:17:36 AM



Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -4945.41 -4527.12 24.51 -10453.06 USD Million [+]
Exports 12838.67 14484.90 14680.11 7.10 USD Million [+]
Imports 17784.08 19012.02 23245.30 15.00 USD Million [+]
Current Account -3615.00 -2986.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -3.80 -3.70 2.00 -8.90 percent [+]
External Debt 404182.00 416732.00 421434.00 43911.00 USD Million [+]
Terms of Trade 105.48 105.79 147.63 93.96 Index Points [+]
Capital Flows 7488.00 4204.00 9188.00 -5630.00 USD Million [+]
Foreign Direct Investment 12300.00 16800.00 22046.00 1800.00 USD Million [+]
Remittances 29.00 36.00 574.00 29.00 USD Million [+]
Tourism Revenues 1234.00 992.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 2070322.00 1587007.00 5480502.00 213998.00 [+]
Gold Reserves 427.84 377.05 529.10 116.10 Tonnes [+]
Weapons Sales 277.00 290.00 290.00 3.00 USD Million [+]
Terrorism Index 6.74 5.74 6.74 4.62 [+]
Crude Oil Production 48.00 49.00 72.00 38.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Turkey Balance of Trade Notes

Turkey major exports are: textiles and clothing, automotive, iron and steel, white goods and chemicals, pharmaceuticals and ships. Turkey imports mainly machinery, chemicals, semi-finished goods, fuels and transport equipment. Its main trading partners are: European Union (57% exports, 40% imports), Russia and The United States. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-4945.41 -4527.12 24.51 -10453.06 1957 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 555.00 Apr/17
Brazil 7661.00 May/17
Canada -370.30 Apr/17
China 407.90 May/17
Euro Area 17858.90 Apr/17
France -5535.00 Apr/17
Germany 18078.00 Apr/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 3601.32 Apr/17
Japan -203.37 May/17
Mexico 616.79 Apr/17
Netherlands 3833.00 Apr/17
Russia 8001.00 Apr/17
South Korea 5990.00 May/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -4945.41 Apr/17
United Kingdom -2050.00 Apr/17
United States -47617.00 Apr/17