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

Trade deficit in Turkey dropped by 20.3 percent to USD 4.946 billion in March of 2016, compared to a USD 6.205 billion gap a year earlier, as exports grew 2.3 percent while imports fell 5.2 percent. Shipments increased to USD 12.8 billion as fisheries (+19.2 percent) and manufacturing (+3 percent) went up while mining and quarrying (-13.4 percent), agriculture, hunting and forestry (-6.1 percent) and others (-28.8 percent) decreased. Purchases went down to USD 17.7 billion as mining and quarrying (-42.2 percent); fisheries (-18.3 percent); agriculture, hunting and forestry (-6.1 percent) and others (-9.7 percent) fell. In contrast, imports of manufacturing (+1.7 percent) rose. Balance of Trade in Turkey averaged -1536.59 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
-4950.00 -3165.00 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-29 08:00 AM Jan $-3.76B $-6.18B $ 3.77B $ -5.6B
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 $-4.95B $ -4.6B
2016-06-30 07:00 AM May $ -4.6B
2016-07-29 07:00 AM Jun $ -4.8B

Turkish Trade Gap Narrows by 20.3% in March


Trade deficit in Turkey dropped by 20.3 percent to USD 4.946 billion in March of 2016, compared to a USD 6.205 billion gap a year earlier, as exports grew 2.3 percent while imports fell 5.2 percent.

Shipments increased to USD 12.8 billion as fisheries (+19.2 percent) and manufacturing (+3 percent) went up while mining and quarrying (-13.4 percent), agriculture, hunting and forestry (-6.1 percent) and others (-28.8 percent) decreased. Main export partner was the United Kingdom with $ 1.386 billion, followed by Germany ($ 1.219 billion), Iraq ($ 652 million) and Italy ($ 609 million).

Purchases went down to USD 17.7 billion as mining and quarrying (-42.2 percent); fisheries (-18.3 percent); agriculture, hunting and forestry (-6.1 percent) and others (-9.7 percent) fell. In contrast, imports of manufacturing (+1.7 percent) rose. The top country for Turkey’s imports was China ($ 2.273 billion), followed by Germany ($ 2.22 million), Russia ($1.395 million) and the USA ($ 1.8 million).

In March 2016, exports coverage imports was 72.1%, while it was 66.9% in March 2015.


Turkstat | Mojdeh Kazemi | mojdeh@tradingeconomics.com
4/29/2016 11:34:38 AM

Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -4950.00 -3165.00 24.51 -10453.06 USD Million [+]
Exports 12811.28 12406.08 14747.50 7.10 USD Million [+]
Imports 17757.76 15571.17 23245.30 15.00 USD Million [+]
Current Account -1785.00 -2227.00 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 114.76 113.98 147.63 93.96 Index Points [+]
Capital Flows -1093.00 3351.00 9188.00 -5630.00 USD Million [+]
Foreign Direct Investment 12749.00 12457.00 22046.00 1800.00 USD Million [+]
Remittances 45.00 59.00 574.00 43.00 USD Million [+]
Tourism Revenues 1466.00 1189.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 1652511.00 1240633.00 5480502.00 213998.00 [+]
Gold Reserves 515.52 504.48 529.10 116.10 Tonnes [+]
Terrorism Index 5.74 5.88 6.05 4.62 [+]
Crude Oil Production 49.00 48.00 72.40 38.00 BBL/D/1K [+]




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Algeria -1270.00 Sep/15
Angola 3771.96 Sep/15
Argentina -266.00 Mar/16
Armenia -82.90 Mar/16
Aruba -491.66 Sep/15
Australia -3410.00 Feb/16
Austria 582.90 Jan/16
Azerbaijan 509849.00 Dec/15
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -48.12 Feb/16
Barbados -254822.00 Dec/15
Belarus -248.50 Feb/16
Belgium 1025.00 Feb/16
Belize -138.70 Feb/16
Benin -311.87 Dec/15
Bhutan -26021.60 Dec/15
Bolivia -303.50 Nov/15
Bosnia and Herzegovina -427.38 Mar/16
Botswana 549.30 Feb/16
Brazil 4860.00 Apr/16
Brunei 264.10 Feb/16
Bulgaria -118.70 Feb/16
Burkina Faso -49.00 Sep/14
Burundi -61461.20 Nov/15
Cambodia -746.40 Jan/16
Cameroon -1054.40 Dec/13
Canada -3414.00 Mar/16
Cape Verde -4881.20 Feb/16
Cayman Islands -791.40 Dec/14
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 609.79 Mar/16
China 298.60 Mar/16
Colombia -1.17 Feb/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -383.40 Mar/16
Croatia 3996.23 Feb/16
Cuba -7926.60 Dec/14
Cyprus -240094.00 Feb/16
Czech Republic 42159.00 Feb/16
Denmark 2158.20 Feb/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -33147.37 Feb/16
Ecuador -82072.00 Feb/16
Egypt -3019.00 Feb/16
El Salvador -322.60 Mar/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -139.73 Feb/16
Ethiopia -3441.30 Sep/15
Euro Area 19048.40 Feb/16
European Union 3028.60 Feb/16
Fiji -185801.00 Nov/15
Finland -100.00 Feb/16
France -4368.00 Mar/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -403.86 Mar/16
Germany 20300.00 Feb/16
Ghana -1226.00 Sep/15
Greece -1651.92 Feb/16
Guatemala -408.80 Jan/16
Guinea -103.83 Jun/13
Guinea Bissau -32.30 Dec/14
Guyana -77.30 Sep/15
Haiti -160.26 Jul/15
Honduras -465.70 Dec/15
Hong Kong -47028.00 Mar/16
Hungary 304200.00 Feb/16
Iceland -8900.00 Mar/16
India -5070.00 Mar/16
Indonesia 490.00 Mar/16
Iran -2405.00 Dec/14
Iraq 38780.80 Dec/14
Ireland 3771700.00 Feb/16
Israel -1177.40 Mar/16
Italy 3856.00 Feb/16
Ivory Coast 890.60 Dec/14
Jamaica -779000.00 Sep/15
Japan 754.99 Mar/16
Jordan -773525.00 Jan/16
Kazakhstan 1187.60 Feb/16
Kenya -58459.44 Jan/16
Kosovo -209942.00 Mar/16
Kuwait 1049.00 Dec/15
Kyrgyzstan -167.59 Dec/15
Laos -488.34 Sep/15
Latvia -139.50 Feb/16
Lebanon -1148.62 Feb/16
Lesotho -2961.47 Dec/15
Liberia -123.50 Oct/15
Libya -17675.60 Dec/14
Liechtenstein 355938.00 Dec/15
Lithuania -96.60 Feb/16
Luxembourg -0.42 Feb/16
Macau -4479038.32 Mar/16
Macedonia -145370.00 Feb/16
Madagascar -30435.00 Dec/15
Malawi -31524.80 Sep/15
Malaysia 7351.55 Feb/16
Maldives -127.20 Jan/16
Mali -100.60 Mar/15
Malta -557987.00 Feb/16
Mauritania -24.89 Dec/15
Mauritius -4607.00 Feb/16
Mexico 155.00 Mar/16
Moldova -148.50 Feb/16
Monaco -22.60 Dec/15
Mongolia 98.70 Mar/16
Montenegro -138515.00 Mar/16
Morocco -16349.00 Mar/16
Mozambique -1274.70 Sep/15
Myanmar -72.20 Sep/15
Namibia -8322.38 Mar/16
Nepal -58541.90 Dec/15
Netherlands 3952.00 Feb/16
New Caledonia -9528.00 Feb/16
New Zealand 117.00 Mar/16
Nicaragua -225.70 Feb/16
Niger -441985.00 Sep/15
Nigeria 26385.50 Dec/15
North Korea -476.67 Dec/15
Norway 9068.13 Mar/16
Oman 329.00 Sep/15
Pakistan -193845.00 Mar/16
Palestine -309.20 Jan/16
Panama -744011.50 Feb/16
Papua New Guinea 4191.00 Sep/15
Paraguay 140697.00 Mar/16
Peru -188.00 Feb/16
Philippines -1104000.00 Feb/16
Poland 341.00 Feb/16
Portugal -713.00 Feb/16
Puerto Rico 2054.10 Dec/15
Qatar 7409.00 Feb/16
Republic of the Congo 4092.35 Dec/10
Romania -611.20 Feb/16
Russia 7353.00 Feb/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -36.44 Dec/15
Saudi Arabia 44465.00 Sep/15
Senegal -110.27 Feb/16
Serbia -406.80 Mar/16
Seychelles -37.18 Feb/16
Sierra Leone -89.75 Mar/15
Singapore 3656.20 Mar/16
Slovakia 459.60 Feb/16
Slovenia 120.06 Feb/16
Somalia -1281.56 Dec/14
South Africa 2915.79 Mar/16
South Korea 8800.00 Apr/16
South Sudan -4987.00 Dec/13
Spain -1761000.00 Feb/16
Sri Lanka -695.00 Jan/16
Sudan -921327.00 Dec/15
Suriname -103.40 Dec/15
Swaziland 517.46 Jun/15
Sweden 3900.00 Mar/16
Switzerland 2163.00 Mar/16
Syria 9394.50 Dec/10
Taiwan 4502.06 Mar/16
Tajikistan -135.50 Feb/16
Tanzania -30.40 Jan/16
Thailand 2966.00 Mar/16
Togo -68.29 Dec/14
Trinidad and Tobago 339.40 Sep/15
Tunisia -1100.60 Mar/16
Turkey -4950.00 Mar/16
Turkmenistan 2431.94 Dec/14
Uganda -120.80 Feb/16
Ukraine -436.00 Feb/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4840.00 Feb/16
United States -40440.00 Mar/16
Uruguay -123578.00 Mar/16
Uzbekistan 455.00 Dec/15
Venezuela -1093.00 Dec/15
Vietnam 100.00 Apr/16
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Zimbabwe -290.99 Dec/14