Turkey's trade deficit widened to USD 6.11 billion in April of 2022 from USD 3.079 billion in the corresponding month of the previous year. Imports grew by 35 percent to USD 29.5 billion, driven by acquisitions of intermediate goods (45 percent) and capital goods (11.4 percent) while imports of consumption goods (-7.5 percent) fell. Meanwhile, exports rose at a softer 24.6 percent to USD 23.36 billion mostly due to manufactured goods (25 percent). Sales also grew for mining and quarrying (21.3 percent) and agriculture, forestry, and fishery (6 percent). Considering the January-April period, the country’s trade gap widened sharply to USD 32.5 billion from USD 14.153 billion a year earlier, as imports jumped 40 percent while exports advanced only 22 percent, amid rising commodity prices and a falling lira. source: Turkish Statistical Institute

Balance of Trade in Turkey averaged -1809.89 USD Million from 1957 until 2022, reaching an all time high of 187.98 USD Million in October of 2018 and a record low of -10453.06 USD Million in September of 2011. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Balance of Trade in Turkey is expected to be -4200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Balance of Trade is projected to trend around -3500.00 USD Million in 2023, according to our econometric models.

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Turkey Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 07:00 AM Mar $-8.17B $-7.96B $ -8.2B
2022-05-31 07:00 AM Apr $-6.11B $-8.17B $-8.6B
2022-06-30 07:00 AM May $-6.11B $-8.6B


Related Last Previous Unit Reference
Balance of Trade -6110.00 -8170.00 USD Million Apr 2022
Imports 29480.00 30877.70 USD Million Apr 2022
Exports 23368.00 22708.73 USD Million Apr 2022
Tourism Revenues 5450.00 7630.00 USD Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-6110.00 -8170.00 187.98 -10453.06 1957 - 2022 USD Million Monthly

News Stream
Turkish Trade Gap Widens in April
Turkey's trade deficit widened to USD 6.11 billion in April of 2022 from USD 3.079 billion in the corresponding month of the previous year. Imports grew by 35 percent to USD 29.5 billion, driven by acquisitions of intermediate goods (45 percent) and capital goods (11.4 percent) while imports of consumption goods (-7.5 percent) fell. Meanwhile, exports rose at a softer 24.6 percent to USD 23.36 billion mostly due to manufactured goods (25 percent). Sales also grew for mining and quarrying (21.3 percent) and agriculture, forestry, and fishery (6 percent). Considering the January-April period, the country’s trade gap widened sharply to USD 32.5 billion from USD 14.153 billion a year earlier, as imports jumped 40 percent while exports advanced only 22 percent, amid rising commodity prices and a falling lira.
2022-05-31
Turkish Trade Gap Widens in March
Turkey's trade deficit widened to USD 8.17 billion in March of 2022 from USD 4.67 billion in the corresponding month of the previous year. Imports grew by 30.7 percent to USD 30.88 billion, driven by purchases of intermediate goods (42.9 percent), while imports of consumer goods (-6.3 percent) and consumption goods (-3.6 percent) fell. Meanwhile, exports rose at a softer 19.8 percent to USD 22.71 billion, mostly due to manufactured goods (19.9 percent). Sales also grew for agriculture and fishery (18.7 percent) and mining and quarrying (11.3 percent). Considering Q1, the country’s trade gap widened sharply to USD 26.4 billion from USD 11.07 billion a year earlier, as imports jumped 42 percent while exports advanced only 20.6 percent, amid rising commodity prices and a falling lira.
2022-04-29
Turkish Trade Gap Widens in February
Turkey posted a trade deficit of USD 7.88 billion in February of 2022, widening from the USD 3.35 billion gap in the corresponding period of the previous year amid rising commodity prices and a falling lira. Imports grew by 44.5 percent to USD 27.9 billion, driven by purchases of intermediate goods (59.4 percent to USD 15 billion) and capital goods (2.3 percent to USD 2.7 billion), while consumer goods imports fell (-2.3 percent to USD 2.1 billion). Key import partners were Russia, China, Germany, and the US. Meanwhile, exports grew by a slower 25.4 percent to USD 20 billion, mostly due to manufactured goods (25.8 percent to USD 18.9 billion), while sales also grew for agriculture and fishery (20.9 percent to USD 0.69 billion) and mining and quarrying (5.4 percent to USD 0.3 billion). The main import partners were Germany, the US, and the UK.
2022-03-31