Trade Balance in Turkey

Turkey Trade Balance | Economic News & Forecasts

Turkey - Trade Balance

First-quarter economic growth lost some steam due to softer expansions in household consumption, amid red-hot inflation and deeply pessimistic sentiment. Economic growth is set to moderate further in the second quarter amid the fallout from the war in Ukraine, even-higher inflation and a weakened currency. Consumer sentiment deteriorated in April–May against the backdrop of greater price pressures, which are eroding wage growth and eating into consumers’ pockets. The manufacturing PMI moved further into contractionary territory in the same two months due to protracted supply chain issues and exchange-rate weakness. More positively, business confidence rose in the same period on robust expectations. Meanwhile, President Erdogan vetoed Sweden and Finland’s late March requests to join NATO and seems intent on further delaying or preventing their accessions into the alliance.

Turkey - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-49.0  -39.9  -58.6  -40.8  -16.7  

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Turkey Trade Balance Chart


Turkey Trade
Note: Trade balance in USD billion.
Source: Central Bank.

Turkey Facts

Value Change Date
Bond Yield12.00-0.09 %Dec 31
Exchange Rate5.95-0.85 %Jan 01

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