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

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 from the previous year to USD 20.5 billion, driven by intermediate and consumer goods, while exports rose at a slower 11.2 percent to USD 14.2 billion, boosted by higher sales of manufactured products and mining and quarrying. Considering January to November, the trade deficit went up by 33.8 percent to USD 67.5 billion from USD 50.5 billion in the same period of 2016. Balance of Trade in Turkey averaged -1647.70 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 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.

Year-on-year, imports surged by 21.3 percent to USD 20.5 billion, driven by higher purchases of intermediate goods (up 28.9 percent; 72.8 percent of total imports), capital goods (up 2.2 percent, 13.9 percent of total imports), and consumption goods (up 6.7 percent, 13 percent of total imports). Among major trading partners, imports grew from Germany (8.7 percent), Russia (47.3 percent), the US (25.3 percent), Italy (15.8 percent), and France (30.1 percent), but fell from China (-1 percent).
 
Exports rose at a slower 11.2 percent to USD 14.2 billion, boosted by higher sales of manufacturing (up 12 percent; 92.8 percent of total exports) and mining and quarrying (up 9.4percent; 2 percent of total exports). Among major trading partners, exports rose to Germany (11.3 percent), the US (23.1 percent), Italy (14.1 percent), and the UK (4.3 percent), but fell to Iraq (-21.1 percent).
 
Considering January to November, the trade deficit went up by 33.8 percent to USD 67.5 billion from USD 50.5 billion in the same period of 2016, as imports rose 16.9 percent to USD 210.7 billion and exports increased 10.4 percent to USD 143.2 billion.
 
On a seasonally adjusted basis, exports increased 1.6 percent from the previous month while imports fell 2.4 percent.
 


Turkish Statistical Institute l Chusnul Ch Manan | chusnul@tradingeconomics.com
12/29/2017 7:35:58 AM



Calendar GMT Actual Previous Consensus TEForecast
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 $-7.32B $-8.15B $-7.40B $-6.2B
2017-12-29 07:00 AM Balance of Trade $-6.32B $-7.29B $-5.7B
2018-01-31 07:00 AM Balance of Trade $-6.32B $ -6.7B
2018-02-28 07:00 AM Balance of Trade $ -6.6B
2018-03-30 07:00 AM Balance of Trade $ -6.5B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -6320.40 -7291.73 24.51 -10453.06 USD Million [+]
Exports 14216.61 13923.51 14680.11 7.10 USD Million [+]
Imports 20537.01 21215.24 23245.30 15.00 USD Million [+]
Current Account -4200.00 -3737.00 1132.00 -9407.00 USD Million [+]
Current Account to GDP -3.80 -3.70 2.00 -8.90 percent [+]
External Debt 437996.00 432352.00 437996.00 43911.00 USD Million [+]
Terms of Trade 104.51 105.25 147.63 93.96 Index Points [+]
Capital Flows 3387.00 31.00 9186.00 -5630.00 USD Million [+]
Foreign Direct Investment 12300.00 16800.00 22046.00 1800.00 USD Million [+]
Remittances 25.00 30.00 574.00 25.00 USD Million [+]
Tourism Revenues 3653.00 4270.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 1652795.00 2992947.00 5480502.00 213998.00 [+]
Gold Reserves 525.79 495.65 529.10 116.10 Tonnes [+]
Terrorism Index 7.52 6.74 7.52 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-6320.40 -7291.73 24.51 -10453.06 1957 - 2017 USD Million Monthly




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 359.00 Dec/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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