Turkey Balance of Trade 1957-2015 | Data | Chart | Calendar | Forecast

Turkey recorded a trade deficit of 4305.31 USD Million in January of 2015. Balance of Trade in Turkey averaged -1465.08 USD Million from 1957 until 2015, 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.

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Turkey Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-4305.31 -8505.55 24.51 -10453.06 1957 - 2015 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 - Turkey Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Turkey Balance of Trade - was last refreshed on Tuesday, March 3, 2015.


Turkey Trade Deficit Narrows 37.5% in January


Turkey trade gap decreased to USD 4.305 billion in January of 2015 from a USD 6.886 billion shortfall a year earlier, as imports fell at a faster pace than exports.

Compared with January of 2014, exports dropped 0.6 percent to USD 12.33 billion as sales to the EU-28 decreased by 3.4 percent. Still, Germany was the country’s main partner (USD 1.11 billion), followed by Switzerland (USD 1.46 billion), the United Kingdom (USD 944 million) and Iraq (USD 837 million). 

Compared with the same month of the previous year, manufacturing shipments represented 93 percent of the total sales, while agriculture and forestry accounted for 4.7 percent. Sales of low-technology goods decreased the most (-8.37 percent) and accounted for 34.4 percent of the total exports. Medium-low exports grew 14.1 percent with a 33.9 percent share. Medium-high tech exports declined 2.63 percent.

Compared with January of 2014, imports fell 13.7 percent to USD 16.64 billion, the lowest figure since September of 2010.Top country for Turkey’s imports were China (USD 2.12 billion), Russia (USD 1.91 billion), Germany (USD 1.32 billion) and Italy (USD 779 million).  

By sectors, imports of intermediate goods decreased the most (-16.37 percent), followed by consumption goods (-11.1 percent) and capital goods (-1.09).

In January of 2015, exports coveraged imports was 74.1 percent, while it was 64.3 percent, in January 2014.

Seasonally and calendar adjusted exports increased by 7.1 percent, while imports decreased by 2.9 percent, compared with previous month.

Turkstat | Carolina Cunha | carolina.cunha@tradingeconomics.com
2/27/2015 9:20:15 AM


Recent Releases

Turkey Trade Deficit Narrows 14.6% in December
Turkey trade gap decreased to USD 8.506 billion in December of 2014 from a USD 9.964 billion shortfall a year earlier, due to a fall in imports. Published on 2015-01-30

Turkey Trade Deficit Widens in November
Turkey trade gap increased 15.43 percent to USD 8.32 billion in November of 2014 from a USD 7.21 billion shortfall a year earlier, due to a fall in exports. Published on 2014-12-31


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-31 08:00 AM
Balance of Trade  Nov
$ -8.3B $ -6.25B $ -7.8B $ -7B
2015-01-30 08:00 AM
Balance of Trade  Dec
$ -8.51B $ -8.3B $ -8.5B $ -7.8B
2015-02-27 08:00 AM
Balance of Trade  Jan
$ -4.31B $ -8.51B $ -4.6 B $-8.34B
2015-03-27 08:00 AM
Balance of Trade  Feb
$ -4.31B $ -8.3B
2015-04-27 08:00 AM
Balance of Trade  Mar
$ -8.2B
2015-05-27 08:00 AM
Balance of Trade  Apr
$ -8.2B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -4305.31 -8505.55 24.51 -10453.06 USD Million [+]
Exports 12330.00 13328.34 14747.50 7.10 USD Million [+]
Imports 16640.00 21833.89 23245.30 15.00 USD Million [+]
Current Account -6816.00 -5731.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -7.90 -6.00 2.00 -9.70 percent [+]
External Debt 396800.00 401981.00 401981.00 43911.00 USD Million [+]
Terms of Trade 102.67 101.07 147.63 93.96 Index Points [+]
Foreign Direct Investment 12918.00 13224.00 22046.00 1800.00 USD Million [+]
Remittances 59.00 45.00 574.00 43.00 USD Million [+]
Tourist Arrivals 1580041.00 1729803.00 5296323.00 213998.00 [+]
Gold Reserves 523.73 512.93 523.73 116.10 Tonnes [+]
Crude Oil Production 48.00 48.00 72.40 38.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -436.00 Dec/14 -1016.00 2219.00 -3897.00 AUD Million [+]
Brazil -2842.00 Feb/15 -3173.95 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3446.00 Dec/14 -3093.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]