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

Turkey recorded a trade deficit of 4966 USD Million in April of 2015. Balance of Trade in Turkey averaged -1481.40 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
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Actual Previous Highest Lowest Dates Unit Frequency
-4966.00 -6153.67 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 Saturday, May 30, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-31 08:00 AM Feb $ -4.66B $ -4.31B $-4.5B $ -4.3B
2015-04-30 08:00 AM Mar $-6.15B $ -4.66B $ -6.2 $ -8.2B
2015-05-29 08:00 AM Apr $-4.97B $-6.15B $-4.8B $ -8.2B
2015-06-29 08:00 AM MAY $-4.97B $ -8.2B
2015-07-29 08:00 AM Jun $ -8.1B
2015-08-27 08:00 AM Jul $ -8.1B


Turkish Trade Deficit Narrows 31.9% YoY in May


Trade gap in Turkey decreased by 31.9 percent to USD 4.97 billion in April from USD 7.22 billion a year earlier, as exports slightly increased and imports declined.

In April, exports were USD 13.392 billion, a 0.2 percent increase compared to the same month a year earlier. Shipments to the EU-28 decreased by 10.4 percent to USD 5.284 billion. The proportion of the EU countries was 39.5 percent in April 2015, while it was 44.1 percent in April 2014. The main export partner was Germany with USD 1.14 billion, followed by the United Kingdom (USD 800 million) and Iraq (USD 789 million).

Imports were USD 18.358 million, a 11.1 percent decrease compared with April 2014.  The top country for imports was China (USD 1.912 billion), followed by Germany (USD 1.900 billion), Russia (1.638 billion) and the US (USD 1.333 billion). 

In April of 2015, exports coverage imports was 73.0 percent, compared to 64.7 percent in April 2014.

Turkstat l Rida Husna l rida@tradingeconomics.com
5/29/2015 9:27:48 AM


Recent Releases

Turkish Trade Deficit Widens in March
Trade gap in Turkey increased 17.2 percent to USD 6.16 billion in March as exports fell more than imports. Published on 2015-04-30

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. Published on 2015-03-31


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -4966.00 -6153.67 24.51 -10453.06 USD Million [+]
Exports 13392.30 12579.00 14747.50 7.10 USD Million [+]
Imports 18357.80 18723.00 23245.30 15.00 USD Million [+]
Current Account -4961.00 -3200.00 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 104.22 105.24 147.63 93.96 Index Points [+]
Foreign Direct Investment 12918.00 13224.00 22046.00 1800.00 USD Million [+]
Remittances 66.00 46.00 574.00 43.00 USD Million [+]
Tourist Arrivals 2437263.00 1895940.00 5296323.00 213998.00 [+]
Gold Reserves 529.10 523.73 529.10 116.10 Tonnes [+]
Crude Oil Production 48.00 47.00 72.40 38.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1322.00 Mar/15 -1609.00 2254.00 -3877.00 AUD Million [+]
Brazil 491.00 Apr/15 458.00 5659.37 -4058.14 USD Million [+]
Canada -3019.00 Mar/15 -2215.00 8524.80 -3019.00 CAD Million [+]
China 341.34 Apr/15 30.81 606.19 -319.71 USD Hundred Million [+]
Euro Area 23372.90 Mar/15 20300.00 24009.80 -16638.00 EUR Million [+]
France -4575.00 Mar/15 -3623.00 2674.00 -7086.00 EUR Million [+]
Germany 23000.00 Mar/15 19515.32 23500.00 -535.91 EUR Million [+]
India -10990.00 Apr/15 -11790.00 258.90 -20210.90 USD Million [+]
Indonesia 454.40 Apr/15 1025.60 4641.92 -2329.13 USD Million [+]
Italy 4060.39 Mar/15 3537.91 6923.00 -6389.30 EUR Million [+]
Japan -53.44 Apr/15 227.43 1608.67 -2795.04 JPY Billion [+]
Mexico -85.30 Apr/15 479.80 1710.25 -3292.30 USD Million [+]
Netherlands 5401.00 Mar/15 6329.20 6329.20 -907.60 EUR Million [+]
Russia 14981.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8488.00 Apr/15 8380.51 8488.00 -4043.45 USD Million [+]
Spain -890600.00 Mar/15 -2037200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2856.00 Apr/15 2497.00 3894.91 -1478.68 CHF million [+]
Turkey -4966.00 Apr/15 -6153.67 24.51 -10453.06 USD Million [+]
United Kingdom -2817.00 Mar/15 -3318.00 2946.00 -5397.00 GBP Million [+]
United States -51367.00 Mar/15 -35892.00 1946.00 -67823.00 USD Million [+]