Trade Balance in Turkey
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 |
Turkey Trade Balance Chart
Source: Central Bank.
Turkey Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 12.00 | -0.09 % | Dec 31 |
| Exchange Rate | 5.95 | -0.85 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Turkey: Inflation sets new record-high July
August 3, 2022
Consumer prices jumped 2.37% month on month in July, down from the 4.95% increase recorded in June.
-
Turkey: Industrial output growth deteriorates in May
July 27, 2022
Industrial output increased 9.1% compared to the same month a year earlier in May, which followed April's 10.8% increase.
-
Turkey: Consumer sentiment rises in July
July 27, 2022
Consumer sentiment rose to 68.0 in July from 63.4 in June.
-
Turkey: Business confidence decreases but remains optimistic in July
July 25, 2022
Business confidence came in at 103.7 in July, down from June's 106.4.
-
Turkey: Central Bank holds fire as expected in July
July 21, 2022
As expected, the Central Bank of the Republic of Turkey (TCMB) stood pat at its 21 July meeting.
© Copyright: 2022. | Turkey Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
