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

Turkey recorded a trade deficit of 6460 .00 USD Million in July of 2014. Balance of Trade in Turkey averaged -1418.52 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 .

   
 
 

Turkey Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-6460.00 -7853.06 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 Wednesday, September 17, 2014.


Turkey Trade Deficit Narrows 34.8% in July


In July of 2014, the Turkish trade gap decreased to USD 6.46 billion from a USD 9.90 billion shortfall a year earlier, as imports fell much faster than the increase of exports.

Year-on-year, exports increased 2.6 percent to USD 13.4 billion, as sales to the European Union, accounting for 45 percent of total outward shipments, surged 11.1 percent to USD 5.4 billion. The country’s main export partner was Germany, followed by the United Kingdom, Iraq and Italy.

Imports fell by an annual 13.5 percent to USD 19.8 billion. The top country for Turkey’s imports was Russia, followed by China, Germany and the US.

Seasonally and calendar adjusted exports increased by 8 percent and imports rose 0.4 percent as compared to the previous month.

Turkstat l Rida l rida@tradingeconomics.com
8/29/2014 8:38:20 AM


Recent Releases

Turkey Trade Deficit Narrows to USD 7.85 Billion
In June of 2014, the Turkish trade gap decreased to USD 7.85 billion from a USD 8.61 billion shortfall a year earlier, due to a fall in imports. Published on 2014-07-25

Turkish Trade Deficit Narrows in May
Turkey’s trade gap decreased for the fifth straight month by 28.7 percent year-on-year to USD 7.1 billion in May of 2014, driven by a fall in imports. Published on 2014-06-30


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-30 08:00 AM Turkey
Balance of Trade
Apr 2014 $ -7.21B $ -5.2B $ -6B
2014-06-30 08:00 AM Turkey
Balance of Trade
MAY 2014 $-7.11B $ -7.21B $ -7.1B
2014-07-25 08:00 AM Turkey
Balance of Trade
Jun 2014 $ -7.85B $-7.11B $-7.7B $ -7.6B
2014-08-29 08:00 AM Turkey
Balance of Trade
Jul 2014 $-6.46B $ -7.85B $ -7.4B $ -8B
2014-09-30 08:00 AM Turkey
Balance of Trade
Aug 2014 $ -6.46B $ -8.2B


Trade Last Previous Highest Lowest Unit
Balance of Trade -6460.00 -7853.06 24.51 -10453.06 USD Million [+]
Exports 13402.83 12904.38 14747.50 7.10 USD Million [+]
Imports 19862.99 20776.31 23245.30 15.00 USD Million [+]
Current Account -2630.00 -4093.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -7.90 -6.00 2.00 -9.70 Percent [+]
External Debt 386786.00 388243.00 388243.00 43911.00 USD Million [+]
Terms of Trade 100.23 99.95 147.63 93.96 Index Points [+]
Foreign Direct Investment 12387.00 15904.00 22046.00 1800.00 USD Million [+]
Remittances 82.00 84.00 574.00 43.00 USD Million [+]
Tourist Arrivals 5214519.00 4335075.00 5214519.00 213998.00 [+]
Gold Reserves 512.93 483.54 519.73 116.10 Tonnes [+]
Crude Oil Production 46.00 47.00 72.40 38.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil 1168.00 Aug/14 1573.96 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia 130.00 Jul/14 -288.00 4641.92 -2329.13 USD Million [+]
Italy 3236.30 Jun/14 3717.91 6382.90 -6389.30 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3400.00 Aug/14 2398.95 6794.27 -4043.45 USD Million [+]
Spain -1477012.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -6460.00 Jul/14 -7853.06 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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