Latest reading: The current account recorded a EUR 6.4 billion surplus in May, improving from the EUR 1.4 billion surplus...
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 2024 to 2019.
Source: Macrobond.
Turkey Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | -37.9 | -29.3 | -89.6 | -86.3 | -56.0 |
Current account swings to surplus in July
Latest reading: The current account posted a USD 1.8 billion surplus in July, improving from the USD 2.0 billion deficit booked in June (July 2024: USD 1.4 billion surplus). Meanwhile, the 12-month trailing current account deficit narrowed, coming in at USD 18.8 billion in July (June: USD 19.2 billion deficit). The merchandise trade balance improved from the previous month, recording a USD 4.6 billion shortfall in July (June: USD 6.5 billion deficit). Merchandise exports increased 12.1% year-on-year in July, following June’s 9.1% rise. Meanwhile, merchandise imports rose 8.2% over the same month last year in July (June: +18.0% 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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Spain: Current account surplus increases in May -
Brazil: Current account deficit widens in June Latest reading: The current account posted a USD 5.1 billion deficit in June, deteriorating from the USD 3.4 billion deficit... -
Finland: Current account swings to surplus in May Latest reading: The current account posted a EUR 0.1 billion surplus in May, improving from the EUR 0.2 billion deficit... -
Turkey: 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... -
Spain: Current account surplus falls in April Latest reading: The current account recorded a EUR 1.4 billion surplus in April, deteriorating from the EUR 2.5 billion surplus... -
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...