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 |
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Economic News
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Turkey: Business confidence deteriorates in November
November 24, 2022
Business confidence fell to 97.9 in November from October's 100.3.
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Turkey: TCMB delivers last cut of easing cycle in November
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%.
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Turkey: Consumer confidence improves in November
November 22, 2022
Consumer confidence came in at 76.6 in November, up from October's 76.2.
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Turkey: Industrial output growth eases to over two-year low in September
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.
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Turkey: Inflation comes in at highest level since our records began
November 3, 2022
Inflation increased to 85.5% in October from September’s 83.5%.
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