Turkey's trade deficit widened to USD 8.8 billion in November of 2022, from USD 5.4 billion in the corresponding month of the previous year, preliminary estimates from the Trade Ministry showed. Imports rose 14% to USD 30.7 billion, while exports increase 1.9% to USD 21.9 billion. Considering the January to November period of 2022, the country's trade deficit surged by 153.6% to USD 99.9 billion, as imports soared 36.6% to USD 331.1 billion while exports rose at a softer 13.9% to USD 231.2 billion. source: Turkish Statistical Institute
Balance of Trade in Turkey averaged -1878.90 USD Million from 1957 until 2022, reaching an all time high of 187.98 USD Million in October of 2018 and a record low of -11245.98 USD Million in August of 2022. 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 December of 2022.
Balance of Trade in Turkey is expected to be -2600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Balance of Trade is projected to trend around -3500.00 USD Million in 2023, according to our econometric models.