Turkey Balance of Trade  1957-2017 | Data | Chart | Calendar | Forecast

Turkey's trade deficit slightly decreased to $4.1 billion in November of 2016, compared to a $4.3 billion gap a year earlier. It was the smallest deficit since February, as exports increased by 9.7 percent, mainly driven by manufacturing and mining and quarrying, and fisheries sales. Imports rose 6 percent, led by manufacturing. Balance of Trade in Turkey averaged -1573.44 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.

Turkey Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-31 08:00 AM Sep $-4.36B $-4.69B $ -4.2B
2016-11-30 07:00 AM Oct $-4.16B $-4.36B $ -5.1B
2016-12-30 07:00 AM Nov $-4.1B $-4.16B $ -5.8B
2017-01-31 07:00 AM Dec $-4.1B
2017-02-28 07:00 AM Jan
2017-03-31 07:00 AM Feb




Turkish Trade Deficit at-9 Month Low in November


Turkey's trade deficit slightly decreased to $4.1 billion in November of 2016, compared to a $4.3 billion gap a year earlier. It was the lowest deficit since February as exports increased a 9.7 percent, mainly driven by manufacturing, mining and quarrying, and fisheries sales. While imports rose a 6 percent, led by manufacturing.

Year-on-year, exports increased to $12.8 billion, mainly bosted by a 9.3 percent rise in sales of manufactured products which accounted for 92.1 percent of total sales. Among manufacturing, medium-low-technology products accounted for 28.1 percent and increased 24.5 percent; high-technology products accounted for 3.7 percent and fell 12 percent; while medium-high-technology products represented 33.9 percent and rose 9.4 percent. In addition shipments of agriculture, hunting and forestry went up 7.8 percent, fisheries (+24.8 percent), and mining and quarrying (+31 percent). Germany was the main export partner (+9.7 percent share), followed by the United Kingdom (6.8 percent), Italy (6.8 percent) and Iraq (6.2 percent).
 
Imports rose to USD 16.9 billion, mainly due to a 8.1 percent increase in purchases of manufacturing and a 47.5 percent increase in others. In contrast, imports decreased for agriculture, hunting and forestry (-7 percent) and minning and quarrying (-11.6 percent). China was the main import partner (12.4 percent share), followed by Germany (10.8 percent), Russia (7.6 percent) and Italy (5.2percent).
 
On a seasonally adjusted basis, exports went down 0.9 percent from the previous month while imports fell 4.6 percent.
 

Turkstat l Chusnul Ch Manan| chusnul@tradingeconomics.com
12/30/2016 12:10:50 PM



Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -4113.35 -4192.47 24.51 -10453.06 USD Million [+]
Exports 12817.30 12811.79 14680.11 7.10 USD Million [+]
Imports 16930.66 17004.27 23245.30 15.00 USD Million [+]
Current Account -2268.00 -1655.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -4.50 -5.40 2.00 -9.60 percent [+]
External Debt 416732.00 421434.00 421434.00 43911.00 USD Million [+]
Terms of Trade 110.91 110.57 147.63 93.96 Index Points [+]
Capital Flows -457.00 -198.00 9188.00 -5630.00 USD Million [+]
Foreign Direct Investment 16800.00 12749.00 22046.00 1800.00 USD Million [+]
Remittances 57.00 52.00 574.00 37.00 USD Million [+]
Tourism Revenues 2788.00 3098.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 1353280.00 2449948.00 5480502.00 213998.00 [+]
Gold Reserves 442.13 474.39 529.10 116.10 Tonnes [+]
Terrorism Index 6.74 5.74 6.74 4.62 [+]
Weapons Sales 291.00 179.00 291.00 3.00 USD Million [+]
Crude Oil Production 49.00 49.00 72.40 38.00 BBL/D/1K [+]



Turkey Balance of Trade Notes

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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-4113.35 -4192.47 24.51 -10453.06 1957 - 2016 USD Million Monthly



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Japan 153.00 Nov/16
Jordan -746551.00 Oct/16
Kazakhstan 1297.60 Nov/16
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Kuwait 1422.20 Sep/16
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Lebanon -1222.52 Oct/16
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Maldives -157.50 Sep/16
Mali -226.10 Sep/15
Malta -102800.00 Nov/16
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Mongolia 362.30 Dec/16
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Peru 279.00 Nov/16
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Poland 102.00 Nov/16
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