International Merchandise Trade Statistics: Trade Balance: Commodities for Turkiye
XTNTVA01TRM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8,686,610,000.00
Year-over-Year Change
26.05%
Date Range
1/1/1957 - 6/1/2025
Summary
The 'International Merchandise Trade Statistics: Trade Balance: Commodities for Turkiye' series measures Turkiye's trade surplus or deficit in goods and commodities. It is a key indicator of Turkiye's economic performance and external trade position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series reflects the difference between Turkiye's total exports and imports of goods and commodities. It is widely used by economists, policymakers, and market analysts to assess Turkiye's trade competitiveness, global integration, and economic stability.
Methodology
The data is collected through official government reporting of international merchandise trade flows.
Historical Context
The trade balance is a critical input for evaluating Turkiye's macroeconomic policies and exchange rate management.
Key Facts
- Turkiye had a trade surplus of $4.8 billion in 2021.
- Exports of goods and commodities account for over 20% of Turkiye's GDP.
- Turkiye's main trading partners are Germany, Italy, and the United Kingdom.
FAQs
Q: What does this economic trend measure?
A: This series measures the difference between Turkiye's total exports and imports of goods and commodities, representing the trade balance.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a critical indicator of Turkiye's trade competitiveness, economic performance, and global integration, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through official government reporting of international merchandise trade flows.
Q: How is this trend used in economic policy?
A: The trade balance is a key input for evaluating Turkiye's macroeconomic policies and exchange rate management.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the reporting agencies.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Turkiye (XTNTVA01TRM667S), retrieved from FRED.