Turkey Balance of Trade  1957-2017 | Data | Chart | Calendar | Forecast

Turkey's trade deficit slightly decreased to $4.5 billion in March of 2017, compared to a $5 billion gap a year earlier as exports rose more than imports. Exports increased by 13.6 percent to $14.5 billion, mainly driven by mining and quarrying, and manufacturing. Imports rose 6.9 percent to $19.0 billion, led by mining and quarrying and manufacturing. Considering the first three months the trade deficit was recorded of $12.5 billion Balance of Trade in Turkey averaged -1589.75 USD Million from 1957 until 2017, 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.

Turkey Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-28 07:00 AM Jan $-4.31B $-5.6B $-4.2B
2017-03-31 07:00 AM Feb $-3.69B $-4.31B $-3.9B
2017-04-28 07:00 AM Mar $-4.5B $-3.69B $-5.2B
2017-05-31 07:00 AM Apr $-4.5B $-3.8B
2017-06-30 07:00 AM May
2017-07-31 07:00 AM Jun




Turkish Trade Deficit Narrows In March


Turkey's trade deficit decreased to $4.5 billion in March of 2017, compared to a $5 billion gap a year earlier. Exports increased by 13.6 percent to $14.5 billion, mainly driven by mining and quarrying, and manufacturing. Imports rose 6.9 percent to $19.0 billion, led by mining and quarrying and manufacturing. Considering the first three months the trade deficit was recorded of $12.5 billion.

Year-on-year, exports rose to $14.5 billion, mainly bosted by a 8.8  percent rise in sales of manufactured products which accounted for 94.2 percent of total sales. Among manufacturing, medium-low-technology products accounted for 30.0 percent and increased 13.5 percent; high-technology products accounted for 3.7 percent and fell 3.4 percent; while medium-high-technology products represented 32.1 percent and rose 19.7 percent. In addition shipments of agriculture, hunting and forestry went up 2.6 percent, fisheries (6.3 percent), and mining and quarrying (46.2 percent). Germany was the main export partner (9.1 percent share), followed by UAE (8.8 percent), Iraq (6.3 percent)and the United Kingdom (6 percent).
 
Imports rose to USD 19 billion, mainly due to a 3.1 percent increase in purchases of manufacturing and a 41.1 percent rise in mining and quarrying. In contrast, imports decreased for agriculture, hunting and forestry (-1.0 percent) and fisheries (-46.1 percent). Germany was the main import partner (9.4 percent share), followed by China (9.3 percent), Russia (8.4 percent) and the USA (5.0 percent).
 
On a seasonally adjusted basis, exports went up 3.7 percent from the previous month while imports increased 2.2 percent.
 
 
 
 
 

Turkish Statistical Institute l Chusnul Ch Manan | chusnul@tradingeconomics.com
4/28/2017 9:03:31 AM



Turkey Trade Last Previous Highest Lowest Unit
Balance of Trade -4492.00 -3690.00 24.51 -10453.06 USD Million [+]
Exports 14495.78 12127.00 14680.11 7.10 USD Million [+]
Imports 18988.16 15820.00 23245.30 15.00 USD Million [+]
Current Account -3057.00 -2543.00 1132.00 -9460.00 USD Million [+]
Current Account to GDP -3.80 -3.70 2.00 -8.90 percent [+]
External Debt 404182.00 416732.00 421434.00 43911.00 USD Million [+]
Terms of Trade 105.79 106.67 147.63 93.96 Index Points [+]
Capital Flows 4204.00 2611.00 9188.00 -5630.00 USD Million [+]
Foreign Direct Investment 12300.00 16800.00 22046.00 1800.00 USD Million [+]
Remittances 36.00 37.00 574.00 36.00 USD Million [+]
Tourism Revenues 1234.00 992.00 4947.00 79.00 USD Million [+]
Tourist Arrivals 1587007.00 1159833.00 5480502.00 213998.00 [+]
Gold Reserves 377.05 442.13 529.10 116.10 Tonnes [+]
Weapons Sales 291.00 179.00 291.00 3.00 USD Million [+]
Terrorism Index 6.74 5.74 6.74 4.62 [+]
Crude Oil Production 48.00 49.00 72.00 38.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Turkey Balance of Trade Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-4492.00 -3690.00 24.51 -10453.06 1957 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico -183.00 Mar/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17