Latest reading: The current account recorded a EUR 0.2 billion deficit in April, improving from the EUR 3.3 billion deficit...
Merchandise Trade Balance in Turkey
In the year 2024, the merchandise trade balance in Turkey was USD -56.37 billion, compared to USD -66.57 billion in 2014 and USD -86.28 billion in 2023. It averaged USD -51.91 billion over the last decade. For more trade information, visit our dedicated page.
Turkey Trade Chart
Note: This chart displays Trade Balance (USD billion) for Turkey from 2020 to 2024.
Source: Macrobond.
Turkey Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | -37.9 | -29.3 | -89.6 | -86.3 | -56.4 |
Current account deficit falls in March
Latest reading: The current account recorded a USD 4.1 billion deficit in March, improving from the USD 4.3 billion deficit posted in February (March 2024: USD 4.1 billion deficit). Meanwhile, in the 12 months leading up to March, the current account posted a USD 12.6 billion deficit, matching the USD 12.6 billion deficit booked in February. The merchandise trade balance improved from the previous month, recording a USD 4.8 billion deficit in March (February 2025: USD 5.5 billion deficit). Merchandise exports climbed 5.1% annually in March (February: +1.9% year-on-year). Meanwhile, merchandise imports rose 3.5% in annual terms in March (February: +4.5% yoy).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Turkish trade projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Turkish trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Turkish trade projections.
Want to get access to the full dataset of Turkish trade forecasts? Send an email to info@focus-economics.com.
Latest Global Current Account News
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Finland: Current account deficit narrows in April -
Spain: Current account surplus moderates in March Latest reading: The current account recorded a EUR 1.4 billion surplus in March, deteriorating from the EUR 2.3 billion surplus... -
Brazil: Current account deficit narrows in April Latest reading: The current account posted a USD 1.3 billion deficit in April, improving from the USD 2.6 billion deficit... -
Finland: Current account swings to deficit in March Latest reading: The current account recorded a EUR 3.3 billion deficit in March, deteriorating from the EUR 0.5 billion surplus... -
Turkey: Current account deficit falls in March Latest reading: The current account recorded a USD 4.1 billion deficit in March, improving from the USD 4.3 billion deficit... -
Spain: Current account posts smaller surplus in June The current account recorded a EUR 5.0 billion surplus in June, deteriorating from the EUR 5.6 billion surplus recorded in... -
Brazil: Current account shortfall widens in July The current account posted a USD 5.2 billion deficit in July, deteriorating from the USD 4.4 billion deficit recorded in...