Turkey Balance of Trade - Forecast

Balance of Trade in Turkey is expected to be -4900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Turkey to stand at -2900.00 in 12 months time. In the long-term, the Turkey Balance of Trade is projected to trend around -2000.00 USD Million in 2020, according to our econometric models.


Turkey Balance of Trade
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Turkey Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -9206 -4900 -5300 -7800 -2900 -2000
Exports 13878 13100 13800 12100 15600 20400
Imports 23084 18000 19100 19900 18500 22400
Current Account -7700 -3240 -3860 -4200 -2890 -1950
Current Account to GDP -3.8 -3.6 -3.6 -3.6 -3.6 -2.8
External Debt 437996 465000 474000 483000 491000 591000
Terms of Trade 105 108 109 110 111 117
Capital Flows 7472 3220 2750 2910 2850 4740
Foreign Direct Investment 12300 12100 12100 12100 12100 16500
Remittances 28 45 45 45 45 65
Tourism Revenues 1430 3860 5940 11850 5760 6600
Tourist Arrivals 1703789 1650000 3890000 4150000 1440000 1620000
Gold Reserves 526 544 560 570 576 546
Terrorism Index 7.52 7.52 7.52 7.52 7.52 7.52
Weapons Sales 277 296 302 309 316 348
Crude Oil Production 50 50 50 50 50 50