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

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). 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. Balance of Trade in Turkey averaged -1540.34 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
-5054.00 -4207.02 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 July 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 -5054.00 -4207.02 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 -2863.00 -2956.00 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 112.52 114.59 147.63 93.96 Index Points [+]
Capital Flows 1008.00 4317.00 9188.00 -5630.00 USD Million [+]
Foreign Direct Investment 16800.00 12749.00 22046.00 1800.00 USD Million [+]
Remittances 47.00 38.00 574.00 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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Madagascar 101517.00 Mar/16
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Norway 6971.00 Jun/16
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Palestine -326.70 Mar/16
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Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
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