Turkey recorded a trade deficit of 8172.90 USD Million in June of 2025. This dataset 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.

The statistic shows Turkey's trade balance of goods from 2014 to 2024. The trade balance is the value of goods exports minus the value of goods imported. A positive value indicates a trade surplus, a negative value a trade deficit. In 2024, Turkey's trade deficit amounted to about ***** billion U.S. dollars.

Key information about Turkey's Trade Balance

• Turkey's Trade Balance recorded a deficit of 8.5 USD bn in Apr 2023, compared with a deficit of 7.8 USD bn in the previous month
• Turkey's Trade Balance data is updated monthly, available from Jan 2013 to Apr 2023, with an averaged value of -5.6 USD bn
• The data reached an all-time high of -609.2 USD mn in Nov 2018 and a record low of -12.6 USD bn in Jan 2023

Turkey recorded a negative balance in the exchange of goods and services with foreign countries each year between 2013 and 2024. In 2024, the foreign trade balance amounted to ****** billion U.S. dollars. The highest negative recorded value throughout the shown period was in 2022, totaling over ****** billion U.S. dollars.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Turkiye (XTNTVA01TRA664S) from 1955 to 2024 about Turkey, trade, Net, and goods.

In October 2024, the monthly balance of trade in Turkey reached a deficit of almost six billion U.S. dollars, as a result of the monthly import value exceeding the country's export value. Throughout the observed time span, Turkey recorded a positive trade balance only twice, namely in October 2018 and November 2018.

Turkey: Trade balance as percent of GDP: The latest value from 2023 is -2.43 percent, an increase from -4 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Turkey from 1960 to 2023 is -2.61 percent. The minimum value, -7.32 percent, was reached in 2011 while the maximum of 4.49 percent was recorded in 2001.

In 2023, Germany's trade balance with Turkey was the highest among all other member states of the EU, totaling almost 11.2 billion euros. On the other hand, Romania imported more goods from Turkey than exported; therefore, the trade balance amounted to approximately -3.3 billion euros. The trade balance is the difference between the value of a country's exports and imports of goods.

Turkey Trade Balance: USD data was reported at -2.137 USD bn in Mar 2019. This records an increase from the previous number of -2.150 USD bn for Feb 2019. Turkey Trade Balance: USD data is updated monthly, averaging -755.342 USD mn from Jan 1969 (Median) to Mar 2019, with 603 observations. The data reached an all-time high of 24.508 USD mn in Dec 1971 and a record low of -10.453 USD bn in Sep 2011. Turkey Trade Balance: USD data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.JA001: Trade Statistics.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Turkiye (XTNTVA01TRQ664S) from Q1 1955 to Q1 2025 about Turkey, trade, Net, and goods.

Turkey recorded a Current Account deficit of 684 USD Million in May of 2025. This dataset provides - Turkey Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Turkey's total Exports in 2024 were valued at US$261.79 Billion, according to the United Nations COMTRADE database on international trade. Turkey's main export partners were: Germany, the United States and the United Kingdom. The top three export commodities were: Vehicles other than railway, tramway; Machinery, nuclear reactors, boilers and Mineral fuels, oils, distillation products. Total Imports were valued at US$344.01 Billion. In 2024, Turkey had a trade deficit of US$82.22 Billion.

Turkey TR: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data was reported at -1.737 USD mn in 2017. This records an increase from the previous number of -5.669 USD mn for 2016. Turkey TR: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data is updated yearly, averaging -1.022 USD mn from Dec 1982 (Median) to 2017, with 32 observations. The data reached an all-time high of 24.757 USD mn in 1990 and a record low of -51.642 USD mn in 2008. Turkey TR: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Turkey – Table TR.IMF.DOT: Trade Balance: by Country: Annual.

Turkey's trade balance of services followed a positive trend between 2016 and 2023. In 2023, the trade balance of services reached a surplus of over 15 billion U.S. dollars in the country, which was the highest value recorded throughout this timeframe.

Turkey Trade Balance: Services: TI Computer data was reported at 148.523 USD mn in 2022. This records an increase from the previous number of -98.492 USD mn for 2021. Turkey Trade Balance: Services: TI Computer data is updated yearly, averaging -375.157 USD mn from Dec 2016 (Median) to 2022, with 7 observations. The data reached an all-time high of 148.523 USD mn in 2022 and a record low of -566.193 USD mn in 2019. Turkey Trade Balance: Services: TI Computer data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.JA072: Trade Statistics: Services: by Type of Services.

Between 2017 and 2020, the trade balance of agricultural product imports and exports in Turkey exhibited positive values, meaning that Turkey was an exporter country of agricultural products. However, from 2021 and onward, the trade balance of these products changed and the value of agricultural imports exceeded exports. In 2022, agricultural exports were valued at nearly **** billion U.S. dollars, which indicated a trade surplus of **** billion U.S. dollars.

Turkey's total Imports in 2024 were valued at US$344.01 Billion, according to the United Nations COMTRADE database on international trade. Turkey's main import partners were: China, Russia and Germany. The top three import commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Exports were valued at US$261.79 Billion. In 2024, Turkey had a trade deficit of US$82.22 Billion.

Extra-Euro Area trade: Trade balance in partnership with Turkey was EUR16200.60 Million in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Extra-Euro Area trade: Trade balance in partnership with Turkey - last updated from the EUROSTAT on July of 2025. Historically, Extra-Euro Area trade: Trade balance in partnership with Turkey reached a record high of EUR25023.40 Million in December of 2012 and a record low of EUR-302.90 Million in December of 2019.

Turkey TR: Trade Balance: Advanced Economies: Japan data was reported at -954.677 USD mn in Mar 2018. This records an increase from the previous number of -1.113 USD bn for Dec 2017. Turkey TR: Trade Balance: Advanced Economies: Japan data is updated quarterly, averaging -136.500 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 8.600 USD mn in Mar 1968 and a record low of -1.113 USD bn in Dec 2017. Turkey TR: Trade Balance: Advanced Economies: Japan data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Turkey – Table TR.IMF.DOT: Trade Balance: by Country: Quarterly.

TR: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Tonga data was reported at 0.223 USD mn in 2017. This records a decrease from the previous number of 0.225 USD mn for 2016. TR: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Tonga data is updated yearly, averaging 0.060 USD mn from Dec 1994 (Median) to 2017, with 20 observations. The data reached an all-time high of 0.521 USD mn in 2014 and a record low of -0.332 USD mn in 2004. TR: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Tonga data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Turkey – Table TR.IMF.DOT: Trade Balance: by Country: Annual.