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

Turkey's trade deficit widened by 54.2 percent to USD 5.76 billion in February 2018 from USD 3.74 billion in the same month a year ago. Imports rose by 19.7 percent to USD 18.94 billion while exports rose at a softer 9 percent to USD 13.18 billion. Balance of Trade in Turkey averaged -1673.87 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 Deficit Widens in February as Imports Jump


Turkey's trade deficit widened by 54.2 percent to USD 5.76 billion in February 2018 from USD 3.74 billion in the same month a year ago.

Imports jumped by 19.7 percent from the previous year to USD 18.94 billion in February, driven by higher purchases of intermediate goods (up 23.2 percent), capital goods (up 9.6 percent), and consumption goods (up 9.7 percent). Among major trading partners, imports grew from China (13.4 percent), Russia (38.9 percent), Germany (15.6 percent), France (14 percent), Italy (20.7 percent), the US (18.9 percent) and the UK (103.2 percent).

Exports rose at a slower 9 percent to USD 13.18 billion, boosted by higher sales of manufacturing (up 8.7 percent), agriculture and forestry (12.1 percent) and mining and quarrying (up 11.6 percent). Among major trading partners, exports rose to Germany (21.8 percent), Italy (27.1 percent), the UK (20.1 percent), the US (11.2 percent), France (18.4 percent) and Spain (29.4 percent), but fell to Iraq (-13.5 percent).

In the first two months of the year, the trade deficit widened by 83.7 percent to USD 14.84 billion from USD 8.08 billion in the same period of 2017, as imports rose 28.8 percent to USD 40.46 billion and exports increased 9.8 percent to USD 25.62 billion.


Turkish Statistical Institute | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/30/2018 7:32:03 AM


Recent Releases

Turkish Trade Deficit Widens 108.8% in January
Turkey's trade deficit jumped by 108.8 percent to USD 9.07 billion in January 2018 from USD 4.34 billion in the same month a year ago.
Published on 2018-02-28

Turkish Trade Deficit Largest in 4 Years
Turkey's trade deficit jumped by 63.5 percent to USD 9.21 billion in December 2017 from USD 5.63 billion in the same month a year ago. It was the largest trade gap since December 2013.
Published on 2018-01-31

Turkish Trade Deficit Widens 52.4% in November
Turkey's trade deficit widened by 52.4 percent to USD 6.3 billion in November 2017 from USD 4.1 billion in the same month a year ago. Imports jumped 21.3 percent while exports grew only 11.2 percent.
Published on 2017-12-29

Turkish Trade Deficit Widens 74% in October
Turkey's trade deficit widened by 73.9 percent to USD 7.3 billion in October 2017 from USD 4.2 billion in the same month a year ago and below market expectations of USD 7.4 billion deficit. Imports surged 25 percent while exports grew only 9 percent.
Published on 2017-11-30



Calendar GMT Actual Previous Consensus TEForecast
2018-01-31 07:00 AM Balance of Trade $-9.21B $-6.3B $-6.7B
2018-02-28 07:00 AM Balance of Trade $-9.07B $-9.22B $-7.2B
2018-03-30 07:00 AM Balance of Trade $-5.76B $-9.07B $-7.4B
2018-04-30 07:00 AM Balance of Trade $-5.76B $-4.9B
2018-05-31 07:00 AM Balance of Trade $-6.2B
2018-06-29 07:00 AM Balance of Trade $-6.5B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -5760.71 -9077.62 24.51 -10453.06 USD Million [+]
Exports 13175.50 12445.29 14680.11 7.10 USD Million [+]
Imports 18936.21 21522.91 23245.30 15.00 USD Million [+]
Current Account -4152.00 -7039.00 1132.00 -9407.00 USD Million [+]
Current Account to GDP -3.80 -3.70 2.00 -8.90 percent [+]
External Debt 453207.00 437996.00 453207.00 43911.00 USD Million [+]
Terms of Trade 107.13 104.15 147.63 93.96 Index Points [+]
Capital Flows 2777.00 8331.00 9186.00 -5630.00 USD Million [+]
Foreign Direct Investment 12300.00 16800.00 22046.00 1800.00 USD Million [+]
Remittances 28.00 28.00 574.00 25.00 USD Million [+]
Tourism Revenues 1430.00 1667.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 1527070.00 1461570.00 5480502.00 213998.00 [+]
Gold Reserves 582.20 525.79 582.20 116.10 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 49.00 48.00 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-5760.71 -9077.62 24.51 -10453.06 1957 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -3935000.00 Jan/18
Switzerland 3215.34 Feb/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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