Turkey's trade deficit shrank to USD 4.65 billion in March of 2021 from USD 5.47 billion in the corresponding month of the previous year. Exports climbed 42.2 percent from a year earlier to USD 18.98 billion while imports advanced at a slower 25.6 percent to USD 23.64 billion. Considering the first three months of the year, the country’s trade gap narrowed to USD 11.04 billion from USD 13.02 billion in the same period of 2020. source: Turkish Statistical Institute
Balance of Trade in Turkey averaged -1763.09 USD Million from 1957 until 2021, reaching an all time high of 24.51 USD Million in December of 1971 and a record low of -10453.06 USD Million in September of 2011. This page provides the latest reported value for - Turkey Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Balance of Trade in Turkey is expected to be -2400.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Turkey to stand at 100.00 in 12 months time. In the long-term, the Turkey Balance of Trade is projected to trend around -1300.00 USD Million in 2022 and -2500.00 USD Million in 2023, according to our econometric models.