Turkey Balance of Trade 1957-2014 | Data | Chart | Calendar | Forecast

Turkey recorded a trade deficit of 6252 USD Million in October of 2014. Balance of Trade in Turkey averaged -1440.95 USD Million from 1957 until 2014, 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  
 Export Data  API  Dashboard

Turkey Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-6252.00 -6925.00 24.51 -10453.06 1957 - 2014 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, November 29, 2014.


Turkey Trade Deficit Narrows in October


Turkish trade gap decreased to USD 6.25 billion in October of 2014 from a USD 7.42 billion shortfall a year earlier, driven by higher exports.

Exports increased 7.3 percent year-on-year to USD 12.93 billion in October of 2014. Sales to the European Union increased by 8.1 percent from USD 5.285 billion to USD 5.711 billion.

92.6 percent of total shipments were manufactured products. Sales of low-technology goods increased the most by 12.8 percent, accounting for 36.9 percent of total manufacturing exports. Medium-low-tech sales grew 6.6 percent with a 28.2 percent share and medium-high-tech exports which accounted for 31.1 percent rose 1.9 percent. 

Imports fell by 1.5 percent year-on-year to USD 19.185 billion. China was the country’s main import partner in October, accounting for 14.5 percent of total purchases. 

Turkstat | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/28/2014 9:14:48 AM


Recent Releases

Turkey Trade Deficit Narrows on Falling Imports
Turkish trade gap decreased to USD 6.93 billion in September of 2014 from a USD 7.5 billion shortfall a year earlier. Exports recorded the highest annual increase since April while imports shrank marginally. Published on 2014-10-31

Turkish Trade Deficit Widens 13.5%
Turkey’s trade gap increased to USD 8.04 billion in August of 2014 from a USD 7.08 billion shortfall a year earlier. It is the highest trade deficit since December of 2013. Published on 2014-09-30


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-30 08:00 AM
Balance of Trade  Aug 2014
$ -8.04B $ -6.46B $ -8.2B
2014-10-31 08:00 AM
Balance of Trade  Sep 2014
$ -6.93B $ -8.04B $ -7.0B $ -7.7B
2014-11-28 08:00 AM
Balance of Trade  Oct 2014
$ -6.25B $ -6.93B $ -6.55B $ -7.5B
2014-12-31 08:00 AM
Balance of Trade  Nov 2014
$ -6.25B $ -7B


Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -6252.00 -6925.00 24.51 -10453.06 USD Million [+]
Exports 12933.00 13660.00 14747.50 7.10 USD Million [+]
Imports 19185.00 20585.00 23245.30 15.00 USD Million [+]
Current Account -2224.00 -2770.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -7.90 -6.00 2.00 -9.70 percent [+]
External Debt 401706.00 386786.00 401706.00 43911.00 USD Million [+]
Terms of Trade 99.85 99.90 147.63 93.96 Index Points [+]
Foreign Direct Investment 12387.00 15904.00 22046.00 1800.00 USD Million [+]
Remittances 93.00 74.00 574.00 43.00 USD Million [+]
Tourist Arrivals 4352429.00 5296323.00 5296323.00 213998.00 [+]
Gold Reserves 512.93 483.54 519.73 116.10 Tonnes [+]
Crude Oil Production 48.00 49.00 72.40 38.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2261.00 Sep/14 -1013.00 2227.00 -3892.00 AUD Million [+]
Brazil -1177.00 Oct/14 -939.00 5659.37 -4058.14 USD Million [+]
Canada 710.00 Sep/14 -463.00 8524.80 -2902.90 CAD Million [+]
China 454.05 Oct/14 309.43 498.30 -319.71 USD Hundred Million [+]
Euro Area 18486.50 Sep/14 8632.50 21553.00 -16638.00 EUR Million [+]
France -4715.00 Sep/14 -5025.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Sep/14 14100.00 23400.00 -535.91 EUR Million [+]
India -13350.00 Oct/14 -14247.42 258.90 -20210.90 USD Million [+]
Indonesia -270.30 Sep/14 -312.00 4641.92 -2329.13 USD Million [+]
Italy 2014.00 Sep/14 2056.00 6923.00 -6389.30 EUR Million [+]
Japan -709.99 Oct/14 -958.30 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 3498.00 Sep/14 2848.00 4948.70 -907.60 EUR Million [+]
Russia 12953.00 Sep/14 15848.00 20356.00 -185.00 USD Million [+]
South Korea 7500.00 Oct/14 3430.00 7500.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3255.00 Oct/14 2489.00 3901.00 -1478.68 CHF million [+]
Turkey -6252.00 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2838.00 Sep/14 -1768.00 2946.00 -5269.00 GBP Million [+]
United States -43030.00 Sep/14 -39990.00 1946.00 -67823.00 USD Million [+]