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Turkey Balance of Trade

Last Release
Aug 2021
Actual
-4259.093 USD Million
Forecast
-4.6 USD Million
Previous
-4277.552 USD Million
Frequency
Monthly
Units In
USD Million
Next Release
Oct 27, 2021
Time to Release
11 Days 6 Hours
Highest
Lowest
Average
Date Range
Source
24.51 USD Million
Dec 1971
-10453.06 USD Million
Sep 2011
-1,775.21 USD Million1957 - 2021Turkish Statistical Institute
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.

Latest Updates

Turkey's trade deficit narrowed sharply to USD 4.26 billion in August 2021, from USD 6.30 billion in the same period last year, as exports jumped 51.9 percent amid a solid recovery in global demand. Sales were up for manufactured products (52.3 percent), agricultural goods (24.7 percent), and mining and quarrying (57.9 percent). The main export partner was Germany, followed by the US, the UK, Iraq and Spain. Meanwhile, imports advanced 23.6 percent, due to purchases of intermediate (27.6 percent), capital (14.5 percent) and consumption goods (5.1 percent). Key import partners were China, Russia, Germany, the US and Italy. Considering January-August, the trade deficit narrowed to USD 29.78 billion from USD 33.02 billion in the same period last year.

Turkey Balance of Trade History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 30, 202109:53Turkish Trade Gap Narrows in August
Aug 31, 202107:28Turkish Trade Gap Widens in July
Jul 30, 202107:55Turkish Trade Gap Narrows Slightly in June
Dec 31, 201907:54Turkish Trade Gap Widens Sharply in November
Nov 29, 201909:21Turkish Trade Gap Widens Sharply in October
Oct 31, 201908:26Turkish Trade Gap Widens in September
Sep 30, 201907:58Turkey Trade Gap Little-Changed in August

Turkey trade Indicators

All Turkey indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Balance of Trade
-4,259.09
Aug 2021
-4,277.55
Jul 2021
-10,453.06
Sep 2011
24.51
Dec 1971
USD MillionMonthly1957 - 2021
Capital Flows
-4,903
Jul 2021
-1,516
Apr 2021
-15,701
Apr 2013
15,220
Aug 2018
USD MillionMonthly1992 - 2021
Crude Oil Production
59
Nov 2019
58
Oct 2019
38
Jan 2009
72
Nov 1994
BBL/D/1KMonthly1994 - 2019
Current Account
528
Aug 2021
-683
Jul 2021
-9,407
Mar 2011
3,903
Oct 2018
USD MillionMonthly1984 - 2021
Current Account to GDP
-5.1
Dec 2020
0.9
Dec 2019
-8.9
Dec 2011
1.9
Dec 2001
% of GDPYearly1980 - 2020
Exports
18,916.17
Aug 2021
16,415.1
Jul 2021
7.1
Aug 1958
19,774.94
Jun 2021
USD MillionMonthly1957 - 2021

Balance of Trade across Europe

Balance of Trade global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
-37,098.8
Aug 2021
-39,485.3
Jul 2021
-39,485.3
Jul 2021
-974.05
Apr 1997
ALL MillionMonthly1993 - 2021
Armenia
-157
Aug 2021
-198.9
Jul 2021
-440
Dec 2019
-33.98
Aug 2003
USD MillionMonthly2003 - 2021
Austria
-258
Dec 2019
-264
Nov 2019
-1,256
Apr 1991
581
Nov 2014
EUR MillionMonthly1953 - 2019
Belarus
-50.4
Aug 2021
-58.3
Jul 2021
-1,414.9
Nov 2010
466.7
Mar 2012
USD MillionMonthly2000 - 2021
Belgium
4,381
Jul 2021
2,914.1
Jun 2021
-1,026.6
Aug 2008
4,381
Jul 2021
EUR MillionMonthly1993 - 2021
Bosnia and Herzegovina
-649,709.22
Aug 2021
-628,067.25
Jul 2021
-990,987.59
Dec 2005
-254,261.89
Oct 2000
BAM ThousandMonthly2000 - 2021

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