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

Turkey's trade deficit slightly decreased to $5.6 billion in December of 2016, compared to a $6.24 billion gap a year earlier as exports rose more than imports. It was the largest deficit since June. Exports increased by 9 percent to $12.8 billion, mainly driven by mining and quarrying, fisheries sales, and manufacturing. Imports rose 2.3 percent to $18.4 billion, 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)
2016-11-30 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 $5.6B $-4.1B
2017-02-28 07:00 AM Jan $-5.6B
2017-03-31 07:00 AM Feb
2017-04-28 07:00 AM Mar




Turkish Trade Deficit Narrows in December


Turkey's trade deficit slightly decreased to $5.6 billion in December of 2016, compared to a $6.24 billion gap a year earlier as exports rose more than imports. It was the largest deficit since June. Exports increased by 9 percent to $12.8 billion, mainly driven by mining and quarrying, fisheries sales, and manufacturing. Imports rose 2.3 percent to $18.4 billion, led by manufacturing.

Year-on-year, exports increased to $12.8 billion, mainly bosted by a 9.5 percent rise in sales of manufactured products which accounted for 91.7 percent of total sales. Among manufacturing, medium-low-technology products accounted for 26 percent and increased 20.79 percent; high-technology products accounted for 4 percent and fell 1 percent; while medium-high-technology products represented 35.7 percent and rose 8.6 percent. In addition shipments of agriculture, hunting and forestry went down 4.2 percent, fisheries (+19.9 percent), and mining and quarrying (+14.4 percent). Germany was the main export partner (+9.3 percent share), followed by the United Kingdom (6 percent), UAE (5.9 percent) and Iraq (5.9 percent).

Imports rose to USD 18.4 billion, mainly due to a 4.2 percent increase in purchases of manufacturing and a 16.2 percent increase in others. In contrast, imports decreased for agriculture, hunting and forestry (-12 percent) and minning and quarrying (-8.9 percent), and fisheries (-31.7 percent). China was the main import partner (10.1 percent share), followed by Germany (9.9 percent), Russia (7.3 percent) and Italy (4.9 percent).

On a seasonally adjusted basis, exports went down 0.5 percent from the previous month while imports increased 6.1 percent.

Statistics of Turkey l Chusnul Ch Manan | chusnul@tradingeconomics.com
1/31/2017 10:07:19 AM



Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -5598.00 -4113.35 24.51 -10453.06 USD Million [+]
Exports 12807.19 12817.30 14680.11 7.10 USD Million [+]
Imports 18405.22 16930.66 23245.30 15.00 USD Million [+]
Current Account -4268.00 -2235.00 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 110.17 110.91 147.63 93.96 Index Points [+]
Capital Flows 2304.00 -752.00 9188.00 -5630.00 USD Million [+]
Foreign Direct Investment 16800.00 12749.00 22046.00 1800.00 USD Million [+]
Remittances 52.00 52.00 574.00 37.00 USD Million [+]
Tourism Revenues 1142.10 1330.90 4947.00 79.00 USD Million [+]
Tourist Arrivals 1302157.00 1353280.00 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-5598.00 -4113.35 24.51 -10453.06 1957 - 2016 USD Million Monthly



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Japan -1086.90 Jan/17
Jordan -791300.00 Nov/16
Kazakhstan 1443.10 Dec/16
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Kosovo -247031.00 Dec/16
Kuwait 1422.20 Sep/16
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Laos -339.15 Jun/16
Latvia -240.10 Dec/16
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Liechtenstein 343493.00 Dec/16
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Madagascar 20810.00 Dec/16
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Malaysia 8720.00 Dec/16
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Mexico 28.00 Dec/16
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Mongolia 151.40 Jan/17
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Morocco -16689.00 Dec/16
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Myanmar -303.20 May/16
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Netherlands 5494.00 Dec/16
New Caledonia -7307.00 Oct/16
New Zealand -41.38 Dec/16
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North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
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Papua New Guinea 3223.00 Jun/16
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Peru 1023.00 Dec/16
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Russia 11834.00 Dec/16
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