Latest reading: The current account recorded a USD 0.7 billion deficit in May, improving from the USD 7.9 billion deficit...
Merchandise Trade Balance in Turkey
The merchandise trade balance in Turkey averaged USD -51.9 billion in the decade to 2024. The 2024 reading was USD -56.4 billion. For more information on trade, 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 records narrower deficit in May
Latest reading: The current account recorded a USD 0.7 billion deficit in May, improving from the USD 7.9 billion deficit booked in April (May 2024: USD 0.6 billion deficit). Meanwhile, in the 12 months leading up to May, the current account posted a USD 16.0 billion deficit, widening slightly from to the USD 15.9 billion deficit clocked in April. The merchandise trade balance improved from the previous month, recording a USD 4.8 billion deficit in May (April 2025: USD 9.9 billion deficit). Merchandise exports rose 3.6% annually in May (April: +10.8% year-on-year). Meanwhile, merchandise imports expanded 5.3% on an annual basis in May (April: +16.0% 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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Turkey: Current account records narrower deficit in May -
Brazil: Current account deficit widens in May Latest reading: The current account posted a USD 2.9 billion deficit in May, deteriorating from the USD 1.9 billion deficit... -
Turkey: Current account posts larger deficit in April Latest reading: The current account recorded a USD 7.9 billion deficit in April, deteriorating from the USD 4.3 billion deficit... -
Finland: Current account deficit narrows in April Latest reading: The current account recorded a EUR 0.2 billion deficit in April, improving from the EUR 2.2 billion deficit... -
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...