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

Turkey's trade deficit widened by 22.8 percent to USD 5.9 billion in August 2017 from a USD 4.8 billion gap in the same month a year ago. Imports increased 15.3 percent, driven by intermediate goods while exports rose at a slower 12.3 percent, led by manufacturing. Considering the January-August period, the trade deficit went up by 21.1 percent to USD 45.7 billion from USD 37.7 billion in the same period of 2016. Balance of Trade in Turkey averaged -1618.62 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 22.8% in August


Turkey's trade deficit widened by 22.8 percent to USD 5.9 billion in August 2017 from a USD 4.8 billion gap in the same month a year ago. Imports increased 15.3 percent, driven by intermediate goods while exports rose at a slower 12.3 percent, led by manufacturing.

Year-on-year, imports increased 15.3 percent to USD 19.2 billion, driven by higher purchases of intermediate goods (14.5 percent) and capital goods (26.3 percent), and consumption goods (7.9 percent). China was the main import partner (11 percent share), followed by Germany (9.7 percent), Russia (8.3 percent), and Italy (5.1 percent).
 
Exports rose 12.3 percent to USD 13.3 billion, mainly boosted by sales of manufacturing (12.3 percent); mining and quarrying (46.9 percent), and fisheries (15.6 percent). Germany was the main export partner (10.1 percent share), followed by Iraq (7.3 percent), the United Kingdom (6.4 percent), and the USA (5.4 percent).
 
Considering the January to August period, the trade deficit went up 21.1 percent to USD 45.7 billion from USD 37.7 billion in the same period of 2016, as exports rose 10.8 percent and imports surged 13.8 percent.
 
 

Turkish Statistical Institute l Chusnul Ch Manan chusnul@tradingeconomics.com
9/29/2017 9:41:43 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-31 07:00 AM Balance of Trade $-6.01B $-7.31B $-6.4B
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 $-5.87B
2017-11-30 07:00 AM Balance of Trade
2017-12-29 07:00 AM Balance of Trade


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -5873.11 -8868.46 24.51 -10453.06 USD Million [+]
Exports 13289.64 12624.90 14680.11 7.10 USD Million [+]
Imports 19161.75 21493.36 23245.30 15.00 USD Million [+]
Current Account -1237.00 -5145.00 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 106.72 107.07 147.63 93.96 Index Points [+]
Capital Flows -369.00 4210.00 9186.00 -5630.00 USD Million [+]
Foreign Direct Investment 12300.00 16800.00 22046.00 1800.00 USD Million [+]
Remittances 29.00 34.00 574.00 29.00 USD Million [+]
Tourism Revenues 2135.70 1905.10 4947.00 79.00 USD Million [+]
Tourist Arrivals 4658463.00 5075961.00 5480502.00 213998.00 [+]
Gold Reserves 456.13 427.84 529.10 116.10 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 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-5873.11 -8868.46 24.51 -10453.06 1957 - 2017 USD Million Monthly




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 284.67 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 670.17 Sep/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17