Turkey Balance of Trade

Last Release

Feb 28, 2025

Actual

-8,154

Units In

USD Million

-7,537.75

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
24.51 Dec 1971	-14,370 Jan 2023	-2,087.2 USD Million	1957-2025	Turkish Statistical Institute

The Turkish trade balance has been in deficit since 1947. In 2017 the trade gap widened 36.8 percent from the previous year to USD 76.7 billion, as imports jumped 17.7 percent, the sharpest increase since 2011 and exports rose at a slower 10.2 percent. Turkey major exports were road vehicles, textiles, iron and steel, clothing and food, while imports were machinery and transport equipment, manufactured goods, mineral fuels and lubricants and chemicals. The biggest trade deficits were recorded with China, Russia, Germany, South Korea, Switzerland, India, Iran and Japan; and the largest surpluses were recorded with Iraq, the UAE, the UK, Israel, Syria, Northern Cyprus and Azerbaijan.

Latest Updates

Turkey’s trade deficit widened to USD 8.1 billion in February 2025 from USD 6.8 billion in the corresponding month of the previous year, preliminary estimates from the Trade Ministry showed. Imports grew by 3.8% year-on-year to USD 28.9 billion in February, while exports dropped by 1.5% to USD 20.8 billion. Considering the first two months of 2025, the country recorded a trade deficit of USD 15.2 billion, with exports increasing by 2.1% while imports grew 6.6%.