Trade Balance in Turkey

Turkey Trade Balance | Economic News & Forecasts

Turkey - Trade Balance

Available data continues to point to an economic recovery in the third quarter. Industrial output rebounded strongly in July–August on an annual basis from the steep fall logged in Q2, amid surging manufacturing production, which grew at the sharpest rate in over two years in August. Moreover, business confidence swung to optimistic territory in the quarter as the general business climate improved and export expectations turned rosy. However, household spending likely remained relatively subdued, despite consumer credit growth picking up notable steam in the quarter, as consumer confidence did not improve and inflation remained elevated. In the political arena, Finance Minister Berat Albayrak presented the new economic program for 2021–2023. The program—which envisages 5.8% GDP growth next year—focuses on strengthening innovation, value-added production and exports to drive growth.

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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