Turkey

In 2014, the value of merchandise exports of Turkey increased slightly by 3.9 percent to reach 157.7 bln US$, while its merchandise imports decreased slightly by 3.7 percent to reach 242.2 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate deficit of 84.5 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at -30.6 bln US$ (see graph 4). Merchandise exports in Turkey were diversified amongst partners; imports were also diversified. The top 31 partners accounted for 80 percent or more of exports and 23 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Turkey increased moderately by 6.6 percent, reaching 43.8 bln US$, while its imports of services decreased slightly by 0.3 percent and reached 20.9 bln US$ (see graph 2). There was a large trade in services surplus of 22.9 bln US$.

Related Subject(s): International Trade and Finance

Countries: Turkey