Trade Balance in Turkey
Turkey - Trade BalanceFirst-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
|Trade Balance (USD billion)||-49.0||-39.9||-58.6||-40.8||-16.7|
5 years of economic forecasts for more than 30 economic indicators.
Turkey Trade Balance Chart
Source: Central Bank.
|Bond Yield||12.00||-0.09 %||Dec 31|
|Exchange Rate||5.95||-0.85 %||Jan 01|
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.
November 24, 2022
Business confidence fell to 97.9 in November from October's 100.3.
November 24, 2022
The Central Bank of the Republic of Turkey (TCMB) fulfilled expectations at its 24 November meeting by delivering a 150 basis point rate cut, which brought the one-week repo rate down to 9.00% from 10.50%.
November 22, 2022
Consumer confidence came in at 76.6 in November, up from October's 76.2.
November 11, 2022
Industrial output expanded 0.4% compared to the same month of the previous year in September, which was a deterioration from August's 1.1% increase.
November 3, 2022
Inflation increased to 85.5% in October from September’s 83.5%.