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

Turkey recorded a trade deficit of 4655.64 USD Million in February of 2015. Balance of Trade in Turkey averaged -1469.72 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.

     Forecast  
Turkey Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-4655.64 -4320.27 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, April 28, 2015.


Turkey Trade Deficit Narrows 10.2% in February


Turkey trade gap decreased to USD 4.66 billion in February of 2015 from a USD 5.19 billion shortfall a year earlier, as imports fell more than exports.

Year-on-year, exports dropped 6 percent to USD 12.27 billion as sales to the EU-28 decreased by 4.3 percent.  In February, main export partners were: the United Kingdom (USD 1.11 billion), Switzerland (USD 1.83 billion), Germany (USD 1.31 billion) and Iraq (USD 755 million). 

Exports of manufactured products amounted to USD 11.53 billion, representing a 94.0 percent of the total revenue, while those of agriculture and forestry amounted to USD 477 million, accounting for a 3.9 percent share. Sales of low-technology goods decreased the most (-14.42 percent) accounting for a 33.7 percent share. Outward shipments of medium-high technology industries fell by 9.5 percent with (30.3 percent share) and those of  high technology industries declined by 9.0 percent (3.0 percent share). In contrast, exports of medium-low technology industries increased by 7.6 percent and accounted for 33.0 percent share.

Imports fell 7.2 percent to USD 16.93 billion. Top country for Turkey’s imports were China (USD 2.67 billion), Russia (USD 1.86 billion), Germany (USD 1.57 billion) and the US (USD 931 million).  By sectors, imports of intermediate goods decreased the most (-9.02 percent), followed by capital goods (-3.9 percent) and consumption goods (-0.72 percent).

Coverage rate of exports by imports was 72.5 percent in February of 2015,  while it was 71.6 percent a year earlier.

Seasonally and calendar adjusted exports and imports by 0.7 percent, compared with previous month.

Turkstat l Rida Husna l rida@tradingeconomics.com
3/31/2015 12:03:42 PM


Recent Releases

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. Published on 2015-02-27

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
2015-03-31 08:00 AM
Balance of Trade  Feb
$ -4.66B $ -4.31B $-4.5B $ -4.3B
2015-04-30 08:00 AM
Balance of Trade  Mar
$ -4.66B $ -8.2B
2015-05-27 08:00 AM
Balance of Trade  Apr
$ -8.2B
2015-06-29 08:00 AM
Balance of Trade  MAY
$ -8.2B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -4655.64 -4320.27 24.51 -10453.06 USD Million [+]
Exports 12271.54 12330.00 14747.50 7.10 USD Million [+]
Imports 16927.18 16640.00 23245.30 15.00 USD Million [+]
Current Account -3200.00 -2002.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -5.70 -7.90 2.00 -9.70 percent [+]
External Debt 402415.00 396800.00 402415.00 43911.00 USD Million [+]
Terms of Trade 105.24 105.58 147.63 93.96 Index Points [+]
Foreign Direct Investment 12918.00 13224.00 22046.00 1800.00 USD Million [+]
Remittances 50.00 47.00 574.00 43.00 USD Million [+]
Tourist Arrivals 1900000.00 1383343.00 5296323.00 213998.00 [+]
Gold Reserves 529.10 523.73 529.10 116.10 Tonnes [+]
Crude Oil Production 48.00 48.00 72.40 38.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1256.00 Feb/15 -1003.00 2251.00 -3884.00 AUD Million [+]
Brazil 458.00 Mar/15 -2841.76 5659.37 -4058.14 USD Million [+]
Canada -984.00 Feb/15 -1475.00 8524.80 -2902.90 CAD Million [+]
China 30.81 Mar/15 606.19 606.19 -319.71 USD Hundred Million [+]
Euro Area 20300.00 Feb/15 7600.00 24009.80 -16638.00 EUR Million [+]
France -3449.00 Feb/15 -3710.00 2674.00 -7086.00 EUR Million [+]
Germany 19515.32 Feb/15 15900.00 23500.00 -535.91 EUR Million [+]
India -11790.00 Mar/15 -6847.00 258.90 -20210.90 USD Million [+]
Indonesia 1131.60 Mar/15 662.70 4641.92 -2329.13 USD Million [+]
Italy 3537.91 Feb/15 232.00 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 479.80 Mar/15 558.30 1710.25 -3292.30 USD Million [+]
Netherlands 6009.00 Feb/15 4657.10 6009.00 -907.60 EUR Million [+]
Russia 13600.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8380.51 Mar/15 7706.30 8380.51 -4043.45 USD Million [+]
Spain -2037200.00 Feb/15 -2596200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -4655.64 Feb/15 -4320.27 24.51 -10453.06 USD Million [+]
United Kingdom -2859.00 Feb/15 -1536.00 2946.00 -5397.00 GBP Million [+]
United States -35444.00 Feb/15 -42676.00 1946.00 -67823.00 USD Million [+]