Turkey Balance of Trade  1957-2016 | Data | Chart | Calendar | Forecast

Turkey's trade deficit dropped 16.3 percent to $4.21 billion in April of 2016, compared to a $5.24 billion gap a year earlier. Exports went down 10.2 percent to to $11.98 billion, due to lower sales of manufactured goods (-10.8 percent); while imports declined at a faster 11.9 percent, as purchases of fisheries (-46.9 percent) and mining and quarrying (-36.3 percent) fell by the most. In the first four months of 2016, the trade deficit shrank 19.7 percent to $16.29 billion from $20.28 billion in the same period of 2015, as exports declined 7.4 percent while imports fell at a faster 10.9 percent. Balance of Trade in Turkey averaged -1540.34 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. 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
-4207.02 -4950.00 24.51 -10453.06 1957 - 2016 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. Turkey Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-31 07:00 AM Feb $-3.2B $-3.76B $-3.17B $ -4.5B
2016-04-29 07:00 AM Mar $-4.95B $-3.2B $-4.97B $ -3.9B
2016-05-31 07:00 AM Apr $-4.21B $-4.95B $-4.2B $ -4.6B
2016-06-30 07:00 AM May $-4.21B $ -4.7B
2016-07-29 07:00 AM Jun $ -5.1B
2016-08-31 07:00 AM Jul $ -4.9B

Turkey Trade Gap Narrows 16% in April


Turkey's trade deficit dropped 16.3 percent to $4.21 billion in April of 2016, compared to a $5.24 billion gap a year earlier. Exports went down 10.2 percent to to $11.98 billion, due to lower sales of manufactured goods (-10.8 percent); while imports declined at a faster 11.9 percent, as purchases of fisheries (-46.9 percent) and mining and quarrying (-36.3 percent) fell by the most.

Exports went down by 10.2 percent year-on-year to $11.98 billion from $13.35 billion, due to lower sales of manufactured goods (-10.8 percent) and mining and quarrying (-0.8 percent), while exports of fisheries (+13.2 percent) and agriculture and forestry (+3.7 percent) rose. The main partner country for exports was Germany ($1.20 billion), followed by the United Kingdom ($838 million), Italy ($630 million) and the US ($583 million).

Imports shrank 11.9 percent to $16.19 billion from $18.37 a year earlier, as purchases of fisheries fell 46.9 percent, mining and quarrying declined 36.3 percent and manufactured goods dropped 9.4 percent; while imports of agriculture and forestry rose 9.1 percent. The top country for Turkey’s imports was China ($1.83 billion), Germany ($1.81 billion), Russia ($1.15 billion) and the US ($936 million).

In the first four months of 2016, the trade deficit shrank 19.7 percent to $16.29 billion from $20.28 billion in the same period of 2015, as exports declined 7.4 percent while imports fell at a faster 10.9 percent.

Turkstat l Joana Ferreira | joana.ferreira@tradingeconomics.com
5/31/2016 8:51:06 AM

Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -4207.02 -4950.00 24.51 -10453.06 USD Million [+]
Exports 11983.38 12811.28 14747.50 7.10 USD Million [+]
Imports 16190.41 17757.76 23245.30 15.00 USD Million [+]
Current Account -2956.00 -3677.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -4.50 -5.40 2.00 -9.60 percent [+]
External Debt 398038.00 405985.00 405985.00 43911.00 USD Million [+]
Terms of Trade 114.59 113.75 147.63 93.96 Index Points [+]
Capital Flows 4317.00 2563.00 9188.00 -5630.00 USD Million [+]
Foreign Direct Investment 16800.00 12749.00 22046.00 1800.00 USD Million [+]
Remittances 38.00 38.00 574.00 38.00 USD Million [+]
Tourism Revenues 1466.00 1189.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 2485411.00 1753045.00 5480502.00 213998.00 [+]
Gold Reserves 479.34 515.52 529.10 116.10 Tonnes [+]
Terrorism Index 5.74 5.88 6.05 4.62 [+]
Weapons Sales 291.00 179.00 291.00 3.00 USD Million [+]
Crude Oil Production 49.00 48.00 72.40 38.00 BBL/D/1K [+]




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Jordan -887215.00 Mar/16
Kazakhstan 711.70 Apr/16
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Kuwait 402.00 Mar/16
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Madagascar 101517.00 Mar/16
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Malaysia 9060.00 Apr/16
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Netherlands 4942.00 Apr/16
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New Zealand 358.00 May/16
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Norway 6567.00 May/16
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Paraguay 54678.00 May/16
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