Trade Balance in Turkey

Turkey Trade Balance | Economic News & Forecasts

Turkey - Trade Balance

The economy grew at a robust pace in the third quarter, despite cooling notably from the second quarter. The slowdown was driven by a softer expansion in household spending amid rising price pressures, while capital outlays contracted. The external sector contributed positively as exports increased at a strong pace amid an influx of tourists. Data for Q4 suggests that activity remained resilient at the outset of the period. Growth in industrial output and retail sales eased in October, but remained solid nonetheless. Moreover, the unemployment rate ticked down to a four-month low in the same month. However, consumer sentiment turned notably more pessimistic in the quarter and inflation reached a near two-decade high in December, weighing on household spending. Moreover, the economy experienced a tumultuous end to the year with significant lira volatility, which could see inflation rise further.

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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