Turkey Balance of Trade  1957-2016 | Data | Chart | Calendar | Forecast

Turkey recorded a trade deficit of 6559 USD Million in June of 2016. Balance of Trade in Turkey averaged -1552.29 USD Million from 1957 until 2016, reaching an all time high of 24.51 USD Million in December of 1971 and a record low of -10453.06 USD Million in September of 2011. Balance of Trade in Turkey is reported by the Turkish Statistical Institute.

Turkey Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-6559.00 -5054.00 24.51 -10453.06 1957 - 2016 USD Million Monthly
Turkey major exports are: textiles and clothing, automotive, iron and steel, white goods and chemicals, pharmaceuticals and ships. Turkey imports mainly machinery, chemicals, semi-finished goods, fuels and transport equipment. Its main trading partners are: European Union (57% exports, 40% imports), Russia and The United States. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-31 07:00 AM Apr $-4.21B $-4.95B $-4.2B $ -4.6B
2016-06-30 07:00 AM May $-5.05B $-4.21B $-5.1B $ -4.7B
2016-07-29 07:00 AM Jun $ -6.6B $-5.05B $-6.5B $ -6B
2016-08-31 07:00 AM Jul $ -6.6B $ -4.9B
2016-09-30 07:00 AM Aug $ -4.5B
2016-10-31 08:00 AM Sep $ -4.2B

Turkey Trade Gap Rises 5% YoY in June


Turkey's trade deficit rose by 5 percent to $6.559 billion in June of 2016, compared to a $6.249 billion gap a year earlier. Exports went up 8.1 percent to $12.9 billion, due to higher sales of manufacturing products (+94.3 percent). Meanwhile, imports rose 7 percent, mainly boosted by increase in purchases of intermediate goods (+65.7 percent), capital goods (+20.8 percent).

Exports went up 8.1 percent to $12.9 billion, due to higher sales of manufacturing products (+94.3 percent), agriculture and forestry (+3.2 percent), mining and quarrying (+2 percent). The main partner country for exports was Germany ($1.20 billion), the United Kingdom ($1.1 million) and the US ($629 million).

Imports rose 7 percent to $14.7 billion, boosted by increase in purchases of intermediate goods (+65.7 percent), capital goods (+20.8 percent), consumption goods (+13.3 percent). The top import partners were China ($2.6 billion), Germany ($2.2 billion), the US ($1.7 million) and Russia ($1.4 billion).

In the first half of 2016, the trade deficit narrowed 16 percent to $27.9 billion from $33.3 billion in the same period of 2015, as exports fell 2.4 percent while imports declined at a faster 6.7 percent.

Turkstat l Mojdeh Kazemi | mojdeh@tradingeconomics.com
7/29/2016 12:06:39 PM

Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -6559.00 -5054.00 24.51 -10453.06 USD Million [+]
Exports 12916.18 12140.01 14747.50 7.10 USD Million [+]
Imports 19475.18 17194.33 23245.30 15.00 USD Million [+]
Current Account -4942.00 -3171.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -4.50 -5.40 2.00 -9.60 percent [+]
External Debt 411502.00 398038.00 411502.00 43911.00 USD Million [+]
Terms of Trade 111.62 112.52 147.63 93.96 Index Points [+]
Capital Flows 6475.00 1025.00 9188.00 -5630.00 USD Million [+]
Foreign Direct Investment 16800.00 12749.00 22046.00 1800.00 USD Million [+]
Remittances 51.00 47.00 574.00 38.00 USD Million [+]
Tourism Revenues 1790.00 1838.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 2438293.00 2485411.00 5480502.00 213998.00 [+]
Gold Reserves 479.34 515.52 529.10 116.10 Tonnes [+]
Terrorism Index 5.74 5.88 6.05 4.62 [+]
Weapons Sales 291.00 179.00 291.00 3.00 USD Million [+]
Crude Oil Production 49.00 48.00 72.40 38.00 BBL/D/1K [+]




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Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina 270.00 Jul/16
Armenia -81.00 Jul/16
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Australia -3195.00 Jun/16
Austria -25.00 May/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 1513.00 Dec/15
Bangladesh -89.35 May/16
Barbados -254822.00 Dec/15
Belarus -71.50 Jun/16
Belgium 1512.30 Jun/16
Belize -131.21 Jun/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -136.10 Mar/16
Bosnia and Herzegovina -526211.72 Jul/16
Botswana 4100.60 May/16
Brazil 4578.00 Jul/16
Brunei 166.50 Jun/16
Bulgaria -75.50 Jun/16
Burkina Faso -49.00 Sep/14
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Cambodia -109.60 Feb/16
Cameroon -1054.40 Dec/13
Canada -3632.40 Jun/16
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Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -90.13 Jul/16
China 523.08 Jul/16
Colombia -0.97 Jun/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -451.50 Jul/16
Croatia -4704.00 Jun/16
Cuba -9578.00 Dec/15
Cyprus -318121.00 Jun/16
Czech Republic 50618.00 Jun/16
Denmark 7481.80 Jun/16
Djibouti -119840.00 Dec/14
Dominican Republic -631.90 Mar/16
East Timor -38853.09 May/16
Ecuador 235011.00 Jun/16
Egypt -2866.00 May/16
El Salvador -411.97 Jun/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -149.08 Jun/16
Ethiopia -3557.70 Dec/15
Euro Area 29248.20 Jun/16
European Union 7650.10 Jun/16
Fiji -84048.00 Feb/16
Finland 325.00 Jun/16
France -3440.00 Jun/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -494.19 Jul/16
Germany 24869.00 Jun/16
Ghana -773.70 Mar/16
Greece -1463.00 Jun/16
Guatemala -539.70 Jun/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -4.40 Mar/16
Haiti -208.97 Apr/16
Honduras -361.50 May/16
Hong Kong -33307.00 Jul/16
Hungary 355000.00 Jun/16
Iceland -9600.00 Jul/16
India -7761.40 Jul/16
Indonesia 598.30 Jul/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4502100.00 Jun/16
Israel -1600.20 Jul/16
Italy 4662.00 Jun/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan 513.51 Jul/16
Jordan -702809.00 May/16
Kazakhstan 1055.00 Jun/16
Kenya -79107.00 Jun/16
Kosovo -216894.00 Jun/16
Kuwait 402.00 Mar/16
Kyrgyzstan -222.60 May/16
Laos -594.89 Dec/15
Latvia -169.00 Jun/16
Lebanon -1258.95 Jun/16
Lesotho -3543.23 Mar/16
Liberia -79.80 Apr/16
Libya -17675.60 Dec/14
Liechtenstein 326579.00 Jun/16
Lithuania -233.30 Jun/16
Luxembourg -0.44 Jun/16
Macau -4888852.71 Jun/16
Macedonia -183852.00 Jun/16
Madagascar -306742.00 Jun/16
Malawi -31524.80 Sep/15
Malaysia 5517.62 Jun/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -241648.00 Jun/16
Mauritania -24.89 Dec/15
Mauritius -6215.00 Jun/16
Mexico -1827.09 Jul/16
Moldova -167.30 Jun/16
Monaco 7.80 Mar/16
Mongolia 15.20 Jul/16
Montenegro -175013.00 Jul/16
Morocco -16665.00 Jun/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -77662.70 Mar/16
Netherlands 4902.00 Jun/16
New Caledonia -9890.65 Jun/16
New Zealand -433.26 Jul/16
Nicaragua -195.00 May/16
Niger -441985.00 Sep/15
Nigeria -171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 13951.12 Jul/16
Oman -45.20 Dec/15
Pakistan -217594.00 Jul/16
Palestine -408.60 May/16
Panama -939006.70 Jun/16
Papua New Guinea 3957.00 Dec/15
Paraguay 99931.00 Jul/16
Peru -277.50 Jun/16
Philippines -2098494.00 Jun/16
Poland 404.00 Jun/16
Portugal -923.50 Jun/16
Puerto Rico 2091.50 Apr/16
Qatar 8329.00 Jun/16
Republic of the Congo 4092.35 Dec/10
Romania -695.80 Jun/16
Russia 8114.00 Jun/16
Rwanda -142.60 May/16
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 16295.00 Mar/16
Senegal -151.57 Jun/16
Serbia -464.50 Jun/16
Seychelles -45.27 Jun/16
Sierra Leone -33.70 Dec/15
Singapore 6519.51 Jul/16
Slovakia 515.00 Jun/16
Slovenia 174.81 Jun/16
Somalia -1473.48 Dec/15
South Africa 12530.50 Jun/16
South Korea 7793.00 Jul/16
South Sudan -104.70 Dec/15
Spain -1357000.00 Jun/16
Sri Lanka -811.00 Jun/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden 1800.00 Jun/16
Switzerland 2930.41 Jul/16
Syria 9394.50 Dec/10
Taiwan 3608.26 Jul/16
Tajikistan -168.70 Jun/16
Tanzania -223.30 Apr/16
Thailand 1240.00 Jul/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -822.00 Jul/16
Turkey -6559.00 Jun/16
Turkmenistan 2228.22 Dec/14
Uganda -199.50 Jun/16
Ukraine 11.40 Jun/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -5084.00 Jun/16
United States -44510.00 Jun/16
Uruguay 285352.00 Jun/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 200.00 Aug/16
Yemen -2914.30 Dec/13
Zambia -1905.90 Jun/16
Zimbabwe -322.86 Mar/16