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

Turkey's trade deficit increased to USD 3.69 billion in February of 2017, compared to a USD 3.21 billion gap a year earlier. Exports fell 1.9 percent, dragged down by manufacturing while imports rose 1.6 percent, boosted by mining and quarrying. Balance of Trade in Turkey averaged -1585.74 USD Million from 1957 until 2017, 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)
2017-01-31 07:00 AM Dec $5.6B $-4.1B
2017-02-28 07:00 AM Jan $-4.31B $-5.6B $-4.2B
2017-03-31 07:00 AM Feb $-3.69B $-4.31B $-3.9B
2017-04-28 07:00 AM Mar $-3.69B $-5.2B
2017-05-31 07:00 AM Apr
2017-06-30 07:00 AM May




Turkey Trade Gap Widens 15% YoY In February


Turkey's trade deficit increased to USD 3.69 billion in February of 2017, compared to a USD 3.21 billion gap a year earlier. Exports fell 1.9 percent ,pushed down by manufacturing sales while imports rose 1.6 percent, driven by higher purchases of mining and quarrying products.

Year-on-year, exports fell to USD 12.13 billion, mainly dragged down by a 2.5 percent fall in sales of manufacturing (93.9 percent of total exports). Also shipments declined for agriculture, hunting and forestry (- 2.8 percent) and fisheries (-16 percent). In contrast, sales of mining and quarrying increased 30.3 percent. Germany was the main export partner (9.2 percent), followed by UAE (7.7 percent), Iraq (6.0 percent) and the United Kingdom (5.8 percent).

Imports rose to USD 15.82 billion, mainly due to a 42.6 percent rise in purchases of mining and quarrying. In contrast, imports declined for manufacturing (-3.1 percent); agriculture, hunting and forestry (-14.1 percent) and fisheries (-6.1 percent). China was the main export partner (10.4 percent), followed by Germany (9.1 percent), Russia (8.2 percent) and France (4.9 percent).

Turkish Statistical Institute | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/31/2017 12:06:33 PM



Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -3690.00 -4308.50 24.51 -10453.06 USD Million [+]
Exports 12127.00 11277.65 14680.11 7.10 USD Million [+]
Imports 15820.00 15586.15 23245.30 15.00 USD Million [+]
Current Account -2527.00 -2760.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -3.80 -3.70 2.00 -8.90 percent [+]
External Debt 404182.00 416732.00 421434.00 43911.00 USD Million [+]
Terms of Trade 106.67 107.77 147.63 93.96 Index Points [+]
Capital Flows 2611.00 3498.00 9188.00 -5630.00 USD Million [+]
Foreign Direct Investment 12300.00 16800.00 22046.00 1800.00 USD Million [+]
Remittances 37.00 45.00 574.00 37.00 USD Million [+]
Tourism Revenues 1142.10 1330.90 4947.00 79.00 USD Million [+]
Tourist Arrivals 1159833.00 1055474.00 5480502.00 213998.00 [+]
Gold Reserves 377.05 442.13 529.10 116.10 Tonnes [+]
Weapons Sales 291.00 179.00 291.00 3.00 USD Million [+]
Terrorism Index 6.74 5.74 6.74 4.62 [+]
Crude Oil Production 49.00 49.00 72.40 38.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3690.00 -4308.50 24.51 -10453.06 1957 - 2017 USD Million Monthly



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Argentina -122.00 Feb/17
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Australia 3574.00 Feb/17
Austria -159.00 Jan/17
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Brazil 7145.00 Mar/17
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Bulgaria -157.40 Feb/17
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Chad 1166.10 Dec/11
Chile 290.30 Mar/17
China 239.20 Mar/17
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Congo -289.80 Dec/15
Costa Rica -385.90 Mar/17
Croatia -3822.78 Feb/17
Cuba -9578.00 Dec/15
Cyprus -273026.00 Feb/17
Czech Republic 38954.00 Feb/17
Denmark 4108.40 Feb/17
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 283225.00 Feb/17
Egypt -2084.00 Feb/17
El Salvador -314.09 Feb/17
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
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European Union 1699.20 Feb/17
Fiji -255170.00 Nov/16
Finland -280.00 Feb/17
France -6568.00 Feb/17
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Gambia -2344.80 Jun/16
Georgia -397.10 Mar/17
Germany 19881.00 Feb/17
Ghana 46.90 Dec/16
Greece -1977.80 Feb/17
Guatemala -541.00 Jan/17
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -452.80 Dec/16
Hong Kong -56271.00 Feb/17
Hungary 281000.00 Feb/17
Iceland -16200.00 Mar/17
India -10437.20 Mar/17
Indonesia 1234.00 Mar/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4735800.00 Feb/17
Israel -702.90 Feb/17
Italy 1884.00 Feb/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 614.72 Mar/17
Jordan -709700.00 Jan/17
Kazakhstan 1577.20 Feb/17
Kenya -76470.00 Dec/16
Kosovo -174189.00 Feb/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -111.20 Feb/17
Laos -339.15 Jun/16
Latvia -151.80 Feb/17
Lebanon -1421.92 Feb/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -250.20 Feb/17
Luxembourg -0.35 Jan/17
Macau -4279600.00 Feb/17
Macedonia -142509.00 Feb/17
Madagascar 20810.00 Dec/16
Malawi -52012.50 Sep/16
Malaysia 8708.72 Feb/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -127663.00 Feb/17
Mauritania -79.64 Mar/16
Mauritius -5647.00 Feb/17
Mexico 684.00 Feb/17
Moldova -156.10 Feb/17
Monaco -119.40 Dec/16
Mongolia 189.40 Mar/17
Montenegro -126665.00 Feb/17
Morocco -11927.00 Feb/17
Mozambique 18.20 Dec/16
Myanmar -332.60 Jul/16
Namibia -10235.56 Dec/16
Nepal -65907.40 Sep/16
Netherlands 5585.00 Feb/17
New Caledonia -10978.00 Dec/16
New Zealand -18.29 Feb/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 22719.43 Mar/17
Oman 205.90 Nov/16
Pakistan -336061.00 Mar/17
Palestine -343.00 Jan/17
Panama -698306.16 Feb/17
Papua New Guinea 4593.00 Sep/16
Paraguay 118135.00 Mar/17
Peru 741.00 Feb/17
Philippines -1728241.69 Feb/17
Poland -537.00 Feb/17
Portugal -746.19 Feb/17
Puerto Rico 2830.80 Dec/16
Qatar 12321.00 Feb/17
Republic of the Congo 4092.35 Dec/10
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Russia 10171.00 Feb/17
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Saudi Arabia 88253.00 Dec/16
Senegal -149.50 Jan/17
Serbia -365.80 Feb/17
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South Africa 5216.14 Feb/17
South Korea 6550.00 Mar/17
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Spain -2606000.00 Feb/17
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Sweden 0.00 Feb/17
Switzerland 3105.00 Feb/17
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