Turkey Balance of Trade  1957-2018 | Data | Chart | Calendar | Forecast

Turkey's trade deficit increased by 35.6 percent to USD 6.69 billion in April 2018 from USD 4.93 billion in the same month a year ago. Imports surged 15.6 percent to USD 20.55 billion while exports grew at a much slower 7.8 percent to USD 13.87 billion. Considering the January to April period, the trade gap widened to USD 27.42 billion from USD 17.55 billion in the same period of 2017. Balance of Trade in Turkey averaged -1686.37 USD Million from 1957 until 2018, 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 Gap Widens 35.6% YoY in April


Turkey's trade deficit increased by 35.6 percent to USD 6.69 billion in April 2018 from USD 4.93 billion in the same month a year ago, as imports grew much faster than exports.

Imports soared 15.6 percent from the previous year to USD 20.55 billion in April 2018, underpinned by higher purchases of intermediate goods (20.3 percent) and capital goods (6.0 percent) while those of consumption goods declined (-1.4 percent). Among major trading partners, imports grew mostly from Germany (21.4 percent), Russia (26.5 percent), China (8.1 percent), the US (10.8 percent), Italy (17.9 percent) and Iran (8.1 percent).

Exports grew at a softer 7.8 percent to USD 13.87 billion, driven by sales of manufacturing (8.3 percent), agriculture and forestry (15.5 percent) and fisheries (20.1 percent). In contrast, shipments of mining and quarrying fell 23 percent. Among major trading partners, exports rose mainly to Germany (20.1 percent), the UK (15.7 percent), Italy (10.8 percent), France (39.6 percent), Spain (31.9 percent), but fell to the US (-19.8 percent) and Iraq (-25.6 percent).

Considering the January to April period, the trade deficit widened by 56.2 percent to USD 27.42 billion from USD 17.55 billion in the same period of 2017, as imports jumped 20.8 percent to USD 82.45 billion and exports increased 8.6 percent to USD 55.03 billion.


Turkish Statistical Institute | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/31/2018 7:55:40 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-30 07:00 AM Balance of Trade $-5.76B $-9.07B $-7.4B
2018-04-30 07:00 AM Balance of Trade $-5.86B $-5.76B $-4.9B
2018-05-31 07:10 AM Balance of Trade $-6.69B $-5.86B $-5.2B
2018-06-29 07:00 AM Balance of Trade $-6.69B $-7.4B
2018-07-31 07:00 AM Balance of Trade $ -5.3B
2018-08-29 07:00 AM Balance of Trade


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -6690.00 -5860.00 24.51 -10453.06 USD Million [+]
Exports 13869.44 15586.63 15586.63 7.10 USD Million [+]
Imports 20554.08 21441.71 23245.30 15.00 USD Million [+]
Current Account -5426.00 -4800.00 1132.00 -9407.00 USD Million [+]
Current Account to GDP -5.50 -3.80 2.00 -9.00 percent [+]
External Debt 453207.00 437996.00 453207.00 43911.00 USD Million [+]
Terms of Trade 105.17 105.83 147.63 93.96 Index Points [+]
Capital Flows 5162.00 2013.00 9186.00 -5630.00 USD Million [+]
Foreign Direct Investment 10900.00 12300.00 22046.00 1800.00 USD Million [+]
Remittances 22.00 24.00 574.00 22.00 USD Million [+]
Tourism Revenues 1613.00 1301.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 2655561.00 2139766.00 5480502.00 213998.00 [+]
Gold Reserves 236.00 582.20 582.20 116.10 Tonnes [+]
Terrorism Index 7.52 6.74 7.52 4.62 [+]
Weapons Sales 244.00 311.00 311.00 3.00 USD Million [+]
Crude Oil Production 52.00 50.00 72.00 38.00 BBL/D/1K [+]

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



Turkey Balance of Trade

The Turkish trade balance has been in deficit since 1947. In 2017 the trade gap widened 36.8 percent from the previous year to USD 76.7 billion, as imports jumped 17.7 percent, the sharpest increase since 2011 and exports rose at a slower 10.2 percent. Turkey major exports were 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. 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-6690.00 -5860.00 24.51 -10453.06 1957 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 977.00 Apr/18
Brazil 5981.00 May/18
Canada -1902.20 Apr/18
China 249.22 May/18
Euro Area 16704.70 Apr/18
France -4954.00 Apr/18
Germany 20413.00 Apr/18
India -14620.00 May/18
Indonesia -1629.30 Apr/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -289.15 Apr/18
Netherlands 3841.00 Apr/18
Russia 15316.00 Apr/18
South Korea 6732.00 May/18
Spain -830631.00 Mar/18
Switzerland 2798.79 Apr/18
Turkey -6690.00 Apr/18
United Kingdom -5280.00 Apr/18
United States -46199.00 Apr/18


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