Turkey Balance of Trade 1957-2015 | Data | Chart | Calendar | Forecast

Turkey recorded a trade deficit of 6205.89 USD Million in June of 2015. Balance of Trade in Turkey averaged -1495.64 USD Million from 1957 until 2015, 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
-6205.89 -6753.00 24.51 -10453.06 1957 - 2015 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. Content for - Turkey Balance of Trade - was last refreshed on Friday, August 28, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-29 08:00 AM Apr $-4.97B $-6.15B $-4.8B $ -8.2B
2015-06-30 08:00 AM May $-6.75B $-4.97B $ -6.8B $ -6.1B
2015-07-31 08:00 AM Jun $-6.2B $-6.75B $ -6.3B $ -6.5B
2015-08-31 08:00 AM Jul $-6.2B $ -6.1B
2015-09-29 08:00 AM Aug $ -6.3B
2015-10-27 08:00 AM Sep $ -6.1B


Turkish Trade Deficit Narrows in June


Trade gap in Turkey decreased 21.6 percent to USD 6.206 billion in June from USD 7.912 billion a year earlier as imports fell more than exports.

In June, exports were USD 11.996 billion, a 6.9 percent decrease compared to the same month a year earlier. Shipments to the EU-28 decreased by 6.6 percent to USD 5.535 billion. The proportion of the EU countries was 46.1 percent in June 2015, while it was 46 percent in June 2014. The main export partner was Germany with USD 1.138 billion, followed by the United Kingdom (USD 814 million), Iraq (USD 689 million) and Italy (USD 595 million)

Imports were USD 18.201 million, a 12.5 percent decrease compared with June 2014.  The top country for imports was China (USD 2.41 billion), followed by Germany (USD 1.891 billion), Russia (1.744 billion) and Italy (USD 1.1 billion). 

In June of 2015, exports coverage imports was 65.9 percent, compared to 61.9 percent in June 2014.

Turkstat l yekaterina@tradingeconomics.com
7/31/2015 8:16:18 AM


Recent Releases

Turkish Trade Deficit Narrows in May
Trade gap in Turkey decreased by 6.1 percent to USD 6.75 billion in May from USD 7.19 billion a year earlier, as both exports and imports declined.
Published on 2015-06-30

Turkish Trade Deficit Narrows 31.9% YoY in May
Trade gap in Turkey decreased by 31.9 percent to USD 4.97 billion in April from USD 7.22 billion a year earlier, as exports slightly increased and imports declined.
Published on 2015-05-29

Turkish Trade Deficit Widens in March
Trade gap in Turkey increased 17.2 percent to USD 6.16 billion in March as exports fell more than imports.
Published on 2015-04-30

Turkey Trade Deficit Narrows 10.2% in February
Turkey trade gap decreased to USD 4.66 billion in February of 2015 from a USD 5.19 billion shortfall a year earlier, as imports fell more than exports.
Published on 2015-03-31


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -6205.89 -6753.00 24.51 -10453.06 USD Million [+]
Exports 11995.54 11113.39 14747.50 7.10 USD Million [+]
Imports 18201.43 17866.33 23245.30 15.00 USD Million [+]
Current Account -3356.00 -3990.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -5.70 -7.90 2.00 -9.70 percent [+]
External Debt 392812.00 402415.00 402415.00 43911.00 USD Million [+]
Terms of Trade 106.73 106.58 147.63 93.96 Index Points [+]
Foreign Direct Investment 12530.00 12457.00 22046.00 1800.00 USD Million [+]
Remittances 71.00 49.00 574.00 43.00 USD Million [+]
Tourist Arrivals 4123109.00 3804158.00 5296323.00 213998.00 [+]
Gold Reserves 512.99 529.10 529.10 116.10 Tonnes [+]
Capital Flows 4799.00 2424.00 9188.00 -5630.00 USD Million [+]
Crude Oil Production 47.00 47.00 72.40 38.00 BBL/D/1K [+]
Tourism Revenues 3150.00 2719.00 4947.00 79.00 USD Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2933.00 Jun/15 -2677.00 2254.00 -4156.00 AUD Million [+]
Brazil 2379.00 Jul/15 4527.00 5659.37 -4058.14 USD Million [+]
Canada -476.00 Jun/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 430.25 Jul/15 465.36 606.19 -319.71 USD Hundred Million [+]
Euro Area 26368.70 Jun/15 18800.00 26368.70 -16748.10 EUR Million [+]
France -2658.00 Jun/15 -3999.00 2674.00 -7086.00 EUR Million [+]
Germany 24000.00 Jun/15 19500.00 24000.00 -535.91 EUR Million [+]
India -12812.46 Jul/15 -10830.00 258.90 -20210.90 USD Million [+]
Indonesia 1330.00 Jul/15 528.00 4641.92 -2329.13 USD Million [+]
Italy 2808.95 Jun/15 4140.00 6923.00 -6389.30 EUR Million [+]
Japan -268.06 Jul/15 -69.00 1608.67 -2795.04 JPY Billion [+]
Mexico -2267.00 Jul/15 -749.00 1710.25 -3292.30 USD Million [+]
Netherlands 4760.00 Jun/15 3280.00 6211.40 -907.60 EUR Million [+]
Russia 13775.00 Jun/15 15309.00 20356.00 -185.00 USD Million [+]
South Korea 7760.00 Jul/15 9980.00 9980.00 -4043.45 USD Million [+]
Spain -2046007.00 Jun/15 -1657308.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3741.00 Jul/15 3509.00 3894.91 -1478.68 CHF million [+]
Turkey -6205.89 Jun/15 -6753.00 24.51 -10453.06 USD Million [+]
United Kingdom -1601.00 Jun/15 -885.00 2946.00 -5397.00 GBP Million [+]
United States -43840.00 Jun/15 -40940.00 1946.00 -67823.00 USD Million [+]