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

Trade deficit in Turkey decreased by 27.4 percent to USD6.183 billion in December of 2015, compared to a USD8.519 billion shortfall a year earlier, as imports fell more than exports. For the full year of 2015, trade gap fell 25.2 percent to USD63.268 billion, as imports went down by 14.4 percent and exports at a slower 8.7 percent. Balance of Trade in Turkey averaged -1526.32 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.

Turkey Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-6182.60 -4236.00 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 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-30 08:00 AM Oct $-3.62B $-3.74B $-5.5B
2015-12-31 08:00 AM Nov $-4.24B $-3.62B $ -4B
2016-01-29 08:00 AM Dec $-6.18B $-4.24B $-6B $-4.28B
2016-02-29 08:00 AM Jan $-6.18B $ -5.6B
2016-03-31 07:00 AM Feb $ -5.6B
2016-04-29 07:00 AM Mar $ -5.8B

Turkish Trade Gap Narrows 27.4% YoY in December


Trade deficit in Turkey decreased by 27.4 percent to USD6.183 billion in December of 2015, compared to a USD8.519 billion shortfall a year earlier, as imports fell more than exports.

In December, outbound shipments dropped by 11.1 percent year-on-year to USD11.802 billion while sales to the EU countries increased by 1.7 percent to USD5.428 billion. The main partner country for exports was Germany (USD1.150 billion), followed by UK (USD764 million), Italy (USD638 million) and USA (USD590 million).

Imports fell by 17.5 percent to USD17.984 billion. The top country for imports was China (USD2.15 billion), Germany (USD2.38 billion), Russia (USD1.686 billion) and USA (USD961 million).

In December 2015, exports coverage of imports was 65.6 percent, higher than 60.9 percent in December 2014.

Turkstat l Yekaterina Guchshina | yekaterina@tradingeconomics.com
1/29/2016 8:37:26 AM

Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -6182.60 -4236.00 24.51 -10453.06 USD Million [+]
Exports 11801.61 11738.00 14747.50 7.10 USD Million [+]
Imports 17984.21 15974.00 23245.30 15.00 USD Million [+]
Current Account -5073.00 -2239.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -4.50 -5.70 2.00 -9.70 percent [+]
External Debt 405985.00 405223.00 405985.00 43911.00 USD Million [+]
Terms of Trade 107.84 108.78 147.63 93.96 Index Points [+]
Capital Flows 6192.00 1902.00 9188.00 -5630.00 USD Million [+]
Foreign Direct Investment 12530.00 12457.00 22046.00 1800.00 USD Million [+]
Remittances 62.00 49.00 574.00 43.00 USD Million [+]
Tourism Revenues 1389.00 1797.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 1464791.00 1720554.00 5480502.00 213998.00 [+]
Gold Reserves 504.48 499.86 529.10 116.10 Tonnes [+]
Terrorism Index 5.74 5.88 6.05 4.62 [+]
Crude Oil Production 50.00 49.00 72.40 38.00 BBL/D/1K [+]




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