Turkey Current Account Deficit Widens in June

Turkey's current account deficit widened to $4.19 billion in June 2026 from $2.27 billion in the same month a year earlier, but came in below the expected $5.0 billion shortfall. The goods deficit increased to $8.53 billion from $6.52 billion, while the services surplus rose to $6.85 billion from $6.09 billion. The primary income deficit widened to $1.79 billion from $1.76 billion, while the secondary income deficit increased to $0.73 billion from $0.08 billion. Excluding gold and energy, the current account recorded a $1.46 billion surplus. In the first half of the year, the cumulative current account deficit reached $34.55 billion. On an annualized basis, the current account deficit reached $38.9 billion in June, with the goods deficit at $76.5 billion and the services surplus at $63.7 billion.

Turkey's current account deficit widened to $1.46 billion in May 2026 from $1.11 billion in the same month last year, exceeding market expectations of a $0.96 billion deficit. The primary income gap expanded to $2.17 billion from $1.84 billion in May 2025, while the secondary income shortfall also increased to $0.16 billion from $0.03 billion. In contrast, the goods account deficit narrowed to $4.34 billion from $4.78 billion, while the services account surplus eased to $5.21 billion from $5.55 billion. Excluding gold and energy, the current account posted a $3.63 billion surplus in May 2026, edging up from $3.62 billion in the same month last year. Over the first five months of the year, the country's cumulative current account deficit reached $30.68 billion, compared with $23.73 billion in the corresponding period of 2025.

Turkey’s current account posted a deficit of $5.70 billion in April 2026, the smallest shortfall since November 2025, narrowing from a deficit of $8.45 billion in the same month a year earlier. The goods account deficit shrank to $6.82 billion from $9.89 billion in April 2025, while the primary income gap stood at $2.40 billion, compared with $2.38 billion a year earlier. In contrast, the secondary income deficit widened to $0.15 billion from $0.10 billion. Meanwhile, the services account surplus eased to $3.67 billion from $3.94 billion. Excluding gold and energy, the current account registered a surplus of $0.32 billion. In the first four months of the year, the country recorded a current account deficit of $29.37 billion, up from $22.59 billion in the corresponding period of 2025.