Turkey's trade deficit narrowed to USD 3.03 billion in January 2021 from USD 4.51 billion in the same month of the previous year, as exports rose 2.3 percent boosted by sales of manufactured products (2.1 percent). Also, exports of agriculture, forestry and fishing increased 5.8 percent and those of mining and quarrying edged up 0.4 percent. Meanwhile, imports declined 5.9 percent due to purchases of intermediate goods (-8.1 percent) and consumption goods (-2.9 percent). By contrast, purchases of capital goods grew by 9.5 percent. source: Turkish Statistical Institute
Balance of Trade in Turkey averaged -1757.23 USD Million from 1957 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Balance of Trade in Turkey is expected to be -3800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Turkey to stand at 100.00 in 12 months time. In the long-term, the Turkey Balance of Trade is projected to trend around 100.00 USD Million in 2022 and -2000.00 USD Million in 2023, according to our econometric models.