Balance of Trade in Turkey averaged -1715.25 USD Million from 1957 until 2019
According to the news of Trade Economics, Turkey’s trade deficit rose by 6.6 percent to USD 2.06 billion in September 2019 from USD 1.93 billion in the corresponding month of the previous year. Exports increased 0.3 percent while imports went up at a faster 1.0 percent. From January to September, the country’s trade gap narrowed considerably by 55.7 percent to USD 22.66 billion. Balance of Trade in Turkey averaged -1715.25 USD Million from 1957 until 2019, 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.
Balance of Trade in Turkey is expected to be -400.00 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 -700.00 in 12 months time. In the long-term, the Turkey Balance of Trade is projected to trend around 100.00 USD Million in 2020, according to our econometric models.
Source: Trade Economics / link: https://tradingeconomics.com/turkey/balance-of-trade
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