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Turkey Balance of Trade

Last Release
Mar 2020
Actual
-5390 USD Million
Forecast
-1000000000 USD Million
Previous
-2981.131 USD Million
Frequency
Monthly
Units In
USD Million
Next Release
May 29, 2020
Time to Release
4 Days 7 Hours
Highest
Lowest
Average
Date Range
Source
24.51 USD Million
Dec 1971
-10453.06 USD Million
Sep 2011
-1,727.66 USD Million1957 - 2020Turkish 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 surged by 232.2 percent to USD 2.23 billion in November 2019 from USD 0.67 billion in the corresponding month of the previous year. This was the largest trade gap since August, as exports edged higher 0.1 percent while imports rose at a faster 9.7 percent.

Turkey Balance of Trade History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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
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

A Look at the Markets

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Turkey trade Indicators

All Turkey indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Balance of Trade
-5,390
Mar 2020
-2,981.13
Feb 2020
-10,453.06
Sep 2011
24.51
Dec 1971
USD MillionMonthly1957 - 2020
Capital Flows
7,673
Mar 2020
-3,110
Feb 2020
-15,701
Apr 2013
15,220
Aug 2018
USD MillionMonthly1992 - 2020
Crude Oil Production
59
Nov 2019
58
Oct 2019
38
Jan 2009
72
Nov 1994
BBL/D/1KMonthly1994 - 2019
Current Account
-4,923
Mar 2020
-1,230
Feb 2020
-9,407
Mar 2011
3,903
Oct 2018
USD MillionMonthly1984 - 2020
Current Account to GDP
1.2
Dec 2019
-2.6
Dec 2018
-8.9
Dec 2011
1.9
Dec 2001
%Yearly1980 - 2019
Exports
13,422.03
Mar 2020
14,653.01
Feb 2020
7.1
Aug 1958
16,855.33
May 2019
USD MillionMonthly1957 - 2020

Balance of Trade across Europe

Balance of Trade global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
-21,368
Apr 2020
-26,559
Mar 2020
-39,313.2
Dec 2011
-974.05
Apr 1997
ALL MillionMonthly1993 - 2020
Armenia
-177.4
Mar 2020
-169.2
Feb 2020
-440
Dec 2019
-33.98
Aug 2003
USD MillionMonthly2003 - 2020
Austria
-258
Dec 2019
-264
Nov 2019
-1,256
Apr 1991
581
Nov 2014
EUR MillionMonthly1953 - 2019
Belarus
-324.9
Mar 2020
-179.1
Feb 2020
-1,414.9
Nov 2010
466.7
Mar 2012
USD MillionMonthly2000 - 2020
Belgium
1,738.8
Mar 2020
1,871.3
Feb 2020
-1,026.6
Aug 2008
3,030.1
Jul 2019
EUR MillionMonthly1993 - 2020
Bosnia and Herzegovina
-534,954.66
Mar 2020
-690,060.49
Feb 2020
-990,987.59
Dec 2005
-254,261.89
Oct 2000
BAM ThousandMonthly2000 - 2020

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