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

Turkey recorded a trade deficit of 6753 USD Million in May of 2015. Balance of Trade in Turkey averaged -1488.92 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.

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Turkey Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-6753.00 -4966.00 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. Content for - Turkey Balance of Trade - was last refreshed on Friday, July 3, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-30 08:00 AM Mar $-6.15B $ -4.66B $ -6.2 $ -8.2B
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
2015-07-29 08:00 AM Jun $-6.75B $ -6.5B
2015-08-27 08:00 AM Jul $ -7B
2015-09-29 08:00 AM Aug $ -7.3B


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.

In May, exports were USD 11.113 billion, a 18.8 percent contraction compared to the same month a year earlier. Shipments to the EU-28 decreased by 21.3 percent to USD 4.721 billion. The proportion of the EU countries was 42.5% in May 2015, while it was 43.8% in May 2014. The main export partner was Germany with USD 1.16 billion, followed by the United Kingdom (USD 689 million), Iraq (USD 658 million) and Italy (USD 507 million).

Imports were USD 17.866 million, a 14.4 percent decline when compared with May 2014. The top country for imports was China (USD 1.935 billion), followed by Germany (USD 1.846 billion), Russia (1.785 billion) and the US (USD 1.610 billion). 

Turkstat l joana.ferreira@tradingeconomics.com
6/30/2015 9:31:21 AM


Recent Releases

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 Deficit Narrows 37.5% in January
Turkey trade gap decreased to USD 4.305 billion in January of 2015 from a USD 6.886 billion shortfall a year earlier, as imports fell at a faster pace than exports.
Published on 2015-02-27


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -6753.00 -4966.00 24.51 -10453.06 USD Million [+]
Exports 11113.39 13392.30 14747.50 7.10 USD Million [+]
Imports 17866.33 18357.80 23245.30 15.00 USD Million [+]
Current Account -3410.00 -4961.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -5.70 -7.90 2.00 -9.70 percent [+]
External Debt 402415.00 396800.00 402415.00 43911.00 USD Million [+]
Terms of Trade 105.48 104.22 147.63 93.96 Index Points [+]
Foreign Direct Investment 12918.00 13224.00 22046.00 1800.00 USD Million [+]
Remittances 57.00 66.00 574.00 43.00 USD Million [+]
Tourist Arrivals 3804158.00 2437263.00 5296323.00 213998.00 [+]
Gold Reserves 512.99 529.10 529.10 116.10 Tonnes [+]
Crude Oil Production 47.00 47.00 72.40 38.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]