Turkey Balance of Trade
Turkey recorded a trade deficit of 10303.73 USD Million in April of 2013. Balance of Trade in Turkey is reported by the Turkish Statistical Institute
Turkish Statistical Institute. Historically, from 1957 until 2013, Turkey Balance of Trade averaged -1293.07 USD Million 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 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 includes a chart with historical data for Turkey Balance of Trade.
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FROM
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COMPARE
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| Current Account |
-8170.00 |
Apr/2013 |
-5500.00 |
1132.00 |
-9518.00 |
-4246.45 |
Dec/2013 |
USD Million |
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| Current Account to GDP |
-6.10 |
Dec/2012 |
-9.70 |
2.00 |
-9.70 |
-5.98 |
Dec/2013 |
Percent |
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| External Debt |
336863.00 |
Dec/2012 |
326251.00 |
336863.00 |
43911.00 |
343280.48 |
Mar/2013 |
USD Million |
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| Terms of Trade |
97.55 |
Apr/2013 |
97.65 |
129.82 |
87.02 |
96.82 |
Apr/2013 |
Index Points |
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| Balance of Trade |
-10303.73 |
Apr/2013 |
-7415.64 |
24.51 |
-10453.06 |
-9200.44 |
May/2013 |
USD Million |
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| Exports |
12520.19 |
Apr/2013 |
13143.95 |
13755.22 |
7.10 |
12796.00 |
May/2013 |
USD Million |
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| Imports |
22823.92 |
Apr/2013 |
20559.59 |
22823.92 |
15.00 |
23758.05 |
May/2013 |
USD Million |
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Turkey Trade Deficit Widens 55.1% YOY In April
Turkstat | Duarte Ricardo | duarte.ricardo@tradingeconomics.com
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5/31/2013 10:28:47 AM
In April, Turkey´s foreign trade deficit increased to $10304 million, from $6643 million in April of 2012. Exports decreased 0.9 percent yoy to $12520 million, while imports rose 18.4 percent yoy to $22824 million.
As compared with the same month of the previous year, exports to the EU were $4936 million, increased by 2.8 percent. The proportion of the EU countries was 39.4 percent in April 2013 while it was 38 percent in April 2012.
In April 2013, the main partner country for exports was Germany with $1054 million and decreased by 4.2 percent. For exports, Germany was followed by Iraq ($919 million), the United Kingdom ($630 million) and Italy ($614 million). For April 2013, “vehicles other than railway or tramway rolling-stock, parts thereof” has by far the highest value exported at $1402 million and then, “boilers, machinery and mechanical appliances, parts thereof” ($1102 million), “iron and steel” ($954 million) and “Electrical machinery and equipment” ($749 million).
In April 2013, the top country for Turkey’s imports was Germany ($2054 million), records for imports range from China ($2014 million), Russian Federation ($1941 million) and the Switzerland ($1607 million). At the same period, the top categories for imports were “mineral fuels and oils” ($4567 million) and then “boilers, machinery and mechanical appliances” ($2710 million), “Precious stones, precious metals, pearls and articles thereof” ($2553 million) and “Iron and steel” ($1741 million).
ARCHIVE
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Turkey Trade Deficit Widens in March
According to the provisional data, in March 2013; exports were $13,175 Million with a 0.3 percent decrease and imports were $20,560 Million with a 0.6 percent decrease compared with March 2012. In March 2013 exports coverage imports was 64.1 percent while it was 63.9 percent in March 2012.
2013-04-30
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Turkey Posts Trade Deficit in November
According to the provisional data, produced with the cooperation of Turkish Statistical Institute and Ministry of Customs and Trade, in November 2012; exports increased by 24.8% and reached to $13.83 billion and imports increased by 12.5% and reached to $20.99 billion compared with November 2011. At the same month, foreign trade deficit decreased from $7.57 billion to $7.16 billion.
2012-12-28
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Turkey Trade Deficit Widens in January
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade in January 2013, exports increased by 11.2 percent and reached to $11,509 million and imports increased by 7.6 percent and reached to $18,800 million compared with January 2012.
2013-02-28
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Turkey Trade Deficit Narrows in October
According to the provisional data, produced with the cooperation of Turkish Statistical Institute and Ministry of Customs and Trade, in October 2012; exports increased by 11.6% and reached to $13.29 billion while imports decreased by 5.6% and reached to $18.80 billion when compared with October 2011.
2012-12-14
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Turkey Posts Trade Deficit in December
According to the provisional data, produced with the cooperation of Turkish Statistical Institute and Ministry of Customs and Trade, in December 2012; exports increased by 1.4 percent and reached to 12 646 Million Dollars and imports decreased by 3.7 percent and reached to 19 825 Million Dollars compared with December 2011.
2013-01-31
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Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.
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