Turkey Balance of Trade

Last Release
Sep 2019
Actual
-2055.506 USD Million
Forecast
200000000 USD Million
Previous
-2518.464 USD Million
Frequency
Monthly
Units In
USD Million
Next Release
Nov 29, 2019
Time to Release
15 Days 10 Hours
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Highest
Lowest
Average
Date Range
Source
24.51 USD Million
Dec 1971
-10453.06 USD Million
Sep 2011
-1,715.25 USD Million1957 - 2019Turkish 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 rose by 6.6 percent to USD 2.06 billion in September 2019 from USD 1.93 billion in the corresponding month of the previous year. Exports increased 0.3 percent while imports went up at a faster 1.0 percent.

Turkey Balance of Trade History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Oct 31, 201908:26Turkish Trade Gap Widens in September
Sep 30, 201907:58Turkey Trade Gap Little-Changed in August
Aug 29, 201910:04Turkey Trade Gap Narrows in July
Jul 31, 201907:21Turkish Trade Deficit Narrows as Exports, Imports Fall
Jun 28, 201907:45Turkish Trade Deficit Narrows Sharply in May
May 31, 201908:29Turkey Trade Gap Narrows in April
Apr 30, 201907:29Turkish Trade Deficit Narrows Sharply in March

A Look at the Markets

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Turkey trade Indicators

All Turkey indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Balance of Trade
-2,055.51
Sep 2019
-2,518.46
Aug 2019
-10,453.06
Sep 2011
24.51
Dec 1971
USD MillionMonthly1957 - 2019
Capital Flows
-715
Sep 2019
-1,804
Aug 2019
-6,819
Aug 2018
9,186
Mar 2011
USD MillionMonthly1992 - 2019
Crude Oil Production
60
Jun 2019
58
May 2019
38
Jan 2009
72
Nov 1994
BBL/D/1KMonthly1994 - 2019
Current Account
2,477
Sep 2019
2,604
Aug 2019
-9,407
Mar 2011
2,644
Oct 2018
USD MillionMonthly1984 - 2019
Current Account to GDP
-3.5
Dec 2018
-5.6
Dec 2017
-8.9
Dec 2011
1.9
Dec 2001
%Yearly1980 - 2018
Exports
14,436.04
Sep 2019
12,503.48
Aug 2019
7.1
Aug 1958
15,943.52
May 2019
USD MillionMonthly1957 - 2019

Balance of Trade across Europe

Balance of Trade global view
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Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
-27,280.1
Sep 2019
-31,606.5
Aug 2019
-39,313.2
Dec 2011
-974.05
Apr 1997
ALL MillionMonthly1993 - 2019
Armenia
-271.6
Sep 2019
-184.5
Aug 2019
-365.35
Dec 2008
-33.98
Aug 2003
USD MillionMonthly2003 - 2019
Austria
-889
Jul 2019
-25
Jun 2019
-1,256
Apr 1991
581
Nov 2014
EUR MillionMonthly1953 - 2019
Belarus
-238.6
Sep 2019
-134.1
Aug 2019
-1,414.9
Nov 2010
466.7
Mar 2012
USD MillionMonthly2000 - 2019
Belgium
1,446.1
Aug 2019
2,921.4
Jul 2019
-1,026.6
Aug 2008
2,921.4
Jul 2019
EUR MillionMonthly1993 - 2019
Bosnia and Herzegovina
-582,365.74
Sep 2019
-621,748.38
Aug 2019
-990,987.59
Dec 2005
-254,261.89
Oct 2000
BAM ThousandMonthly2000 - 2019
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