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

Turkey's trade deficit widened by 85 percent to USD 8.1 billion in September 2017 from USD 4.4 billion in the same month a year ago, in line with market expectations. Imports jumped 30.6 percent from the previous year to USD 20.0 billion, driven by intermediate, capital and consumer goods; while exports rose at a slower 8.7 percent to USD 11.8 billion, boosted by higher sales of manufactured products. Considering January to September, the trade deficit went up by 27.9 percent to USD 53.8 billion from USD 42.1 billion in the same period of 2016. Balance of Trade in Turkey averaged -1633.50 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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Turkish Trade Deficit Widens 85% in September


Turkey's trade deficit widened by 85 percent to USD 8.1 billion in September 2017 from USD 4.4 billion in the same month a year ago, in line with market expectations.

Year-on-year, imports jumped by 30.6 percent to USD 20.0 billion, driven by higher purchases of intermediate goods (74.3 percent), capital goods (13.6 percent) and consumption goods (11.8 percent). Among major trading partners, imports grew from Germany (14.7 percent), Russia (73.8 percent), the US (50.1 percent), Italy (26.9 percent) and Switzerland (193.5 percent), but fell from China (-3.6 percent).

Exports went up at a slower 8.7 percent to USD 11.8 billion, boosted by higher sales of manufacturing (93.3 percent), agriculture, hunting and forestry (3.6 percent) and mining and quarrying (2.4 percent). Among major trading partners, exports rose to Germany (8.9 percent), the US (37.3 percent), Iraq (14 percent) and Spain (26.9 percent), but fell to the UK (-1.8 percent) and Italy (-1.6 percent).

Considering January to September, the trade deficit went up by 27.9 percent to USD 53.8 billion from USD 42.1 billion in the same period of 2016, as imports rose 15.5 percent to USD 169.0 billion and exports increased 10.5 percent to USD 115.1 billion.
 

Turkish Statistical Institute l Chusnul Ch Manan | chusnul@tradingeconomics.com
10/31/2017 11:29:49 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-29 07:00 AM Balance of Trade $-8.84B $-6.04B $-4.7B
2017-09-29 07:00 AM Balance of Trade $-5.87B $-8.84B $-5.2B
2017-10-31 07:00 AM Balance of Trade $-8.14B $-5.90B $-8.10B $-4.7B
2017-11-30 07:00 AM Balance of Trade $-8.14B
2017-12-29 07:00 AM Balance of Trade


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -8134.57 -5901.48 24.51 -10453.06 USD Million [+]
Exports 11847.59 13260.67 14680.11 7.10 USD Million [+]
Imports 19982.15 19162.14 23245.30 15.00 USD Million [+]
Current Account -4527.00 -975.00 1132.00 -9407.00 USD Million [+]
Current Account to GDP -3.80 -3.70 2.00 -8.90 percent [+]
External Debt 432352.00 412375.00 432352.00 43911.00 USD Million [+]
Terms of Trade 106.63 106.72 147.63 93.96 Index Points [+]
Capital Flows 2852.00 -317.00 9186.00 -5630.00 USD Million [+]
Foreign Direct Investment 12300.00 16800.00 22046.00 1800.00 USD Million [+]
Remittances 32.00 28.00 574.00 28.00 USD Million [+]
Tourism Revenues 3653.00 4270.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 4076630.00 4658463.00 5480502.00 213998.00 [+]
Gold Reserves 456.13 427.84 529.10 116.10 Tonnes [+]
Terrorism Index 6.74 5.74 6.74 4.62 [+]
Weapons Sales 277.00 290.00 290.00 3.00 USD Million [+]
Crude Oil Production 50.00 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

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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-8134.57 -5901.48 24.51 -10453.06 1957 - 2017 USD Million Monthly




balance of trade by Country
Country Last
Australia 1745.00 Sep/17
Brazil 5201.00 Oct/17
Canada -3179.70 Sep/17
China 381.74 Oct/17
Euro Area 26364.90 Sep/17
France -4669.00 Sep/17
Germany 24100.00 Sep/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 670.17 Sep/17
Mexico -1886.40 Sep/17
Netherlands 6258.00 Sep/17
Russia 10222.00 Sep/17
South Korea 7300.00 Oct/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -8134.57 Sep/17
United Kingdom -2754.00 Sep/17
United States -43495.00 Sep/17