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

Turkish trade gap narrowed 9.1 percent year-on-year to USD 5.5 billion in June of 2018. Imports fell faster than exports, mainly due to lower purchases from China. Balance of Trade in Turkey averaged -1699.91 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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Turkey Trade Deficit Falls on Lower Imports


Turkish trade gap narrowed 9.1 percent year-on-year to USD 5.5 billion in June of 2018. Imports fell faster than exports, mainly due to lower purchases from China.

Exports fell 1.3 percent to USD 12.95 billion. Sales of manufactured products which accounted for 94.3 percent of total shipments went down 1.6 percent. The ratio of high-technology products in manufacturing industries was 3.2 percent and the ratio of medium-high-technology was 37.6 percent. Sales also fell for agriculture and forestry (-1.9 percent). In contrast, exports rose for mining and quarrying (9.3 percent) and fisheries (8.3 percent). Among major export partners, shipments fell for the US (-30.4 percent), Iraq (-8.9 percent), UAE (-73.7 percent), Bulgaria (-26.4 percent), Saudi Arabia (-6.7 percent) and Iran (-30.8 percent). On the other hand, exports increased to Germany (0.8 percent), the UK (9.5 percent), Italy (11.1 percent), France (7 percent) and Spain (14.5 percent). 

Imports went down at a faster 3.8 percent to USD 18.45 billion. Purchases of intermediate goods accounted for 74 percent of total imports and declined 2.5 percent; capital goods fell 6.3 percent and consumption goods plunged 13.9 percent. Purchases dropped mainly from China (-4.5 percent), Italy (-10.4 percent), the UK (-9.3 percent), Spain (-9.8 percent) and Iran (-39.8 percent) but rose from Russia (29.5 percent), Germany (9.2 percent), the US (7.9 percent) and India (18.5 percent). 

Considering the first six months of the year, exports increased 6.3 percent and imports jumped 13.5 percent, thus widening the trade gap by 31.6 percent to USD 40.7 billion.

Compared with the previous month, seasonally and calendar adjusted exports decreasedd by 2.1 percent and imports went down by 5.5 percent.


Turkish Statistical Institute | Joana Taborda | joana.taborda@tradingeconomics.com
7/31/2018 7:38:17 AM


Recent Releases

Turkey Trade Gap Widens in May
Turkey's trade deficit increased by 5.7 percent to USD 7.76 billion in May 2018 from USD 7.34 billion in the same month a year ago, as imports grew slightly faster than exports.
Published on 2018-06-29

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.
Published on 2018-05-31

Turkish Trade Deficit Widens 28.8% in March
Turkey's trade deficit widened by 28.8 percent to USD 5.86 billion in March 2018 from USD 4.55 billion in the same month a year ago.
Published on 2018-04-30

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.
Published on 2018-03-30



Calendar GMT Actual Previous Consensus TEForecast
2018-05-31 07:10 AM Balance of Trade $-6.69B $-5.86B $-5.2B
2018-06-29 07:00 AM Balance of Trade $-7.76B $-6.69B $-7.4B
2018-07-31 07:00 AM Balance of Trade $-5.5B $-7.8B $ -5.3B
2018-08-29 07:00 AM Balance of Trade $-5.5B
2018-09-28 07:00 AM Balance of Trade
2018-10-31 07:00 AM Balance of Trade $ -7.8B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -5496.69 -7790.82 24.51 -10453.06 USD Million [+]
Exports 12954.00 14272.03 15557.79 7.10 USD Million [+]
Imports 18450.69 22062.85 23245.30 15.00 USD Million [+]
Current Account -2973.00 -6193.00 1132.00 -9407.00 USD Million [+]
Current Account to GDP -5.50 -3.80 2.00 -9.00 percent [+]
External Debt 466657.00 453207.00 466657.00 43911.00 USD Million [+]
Terms of Trade 104.05 102.92 147.63 93.96 Index Points [+]
Capital Flows 2518.00 2358.00 9186.00 -5630.00 USD Million [+]
Foreign Direct Investment 10900.00 12300.00 22046.00 1800.00 USD Million [+]
Remittances 32.00 25.00 574.00 22.00 USD Million [+]
Tourism Revenues 2813.00 2422.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 4505594.00 3678440.00 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 54.00 53.00 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-5496.69 -7790.82 24.51 -10453.06 1957 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 16514.10 May/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.00 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1308.99 Jun/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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