Turkey's trade deficit widened to USD 10.61 billion in May of 2022 from USD 4.16 billion in the corresponding month of the previous year. Exports rose 15.3 percent to USD 18.98 billion, while imports jumped at a faster 43.5 percent to USD 29.59 billion. Considering the January-May period, the country's trade gap widened sharply to USD 43.2 billion from USD 18.3 billion a year earlier source: Turkish Statistical Institute
Balance of Trade in Turkey averaged -1821.21 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 -10604.72 USD Million in May of 2022. 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 July 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.