Türkiye: External balance on goods and services (current US$)

Key figures

What the numbers say

In 2025, Türkiye's external balance on goods and services (current US$) fell US$11.06 billion on 2024 (from US$7.31 billion to −US$3.76 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +US$200.96 million and a typical year strayed about US$19.7 billion from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was US$31.38 billion in 2018 and the biggest yearly fall was US$48.36 billion in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Türkiye had the 98th highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Türkiye in the 2025 ranking

• Namibia — 95th of 137: −US$2.9 billion
• Nicaragua — 96th of 137: −US$2.95 billion
• Mozambique — 97th of 137: −US$3.2 billion
• Kosovo — 99th of 137: −US$3.77 billion
• Haiti — 100th of 137: −US$4.09 billion
• Sri Lanka — 101st of 137: −US$4.22 billion

What this measures

The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 66 values

External balance on goods and services (current US$) in nearby economies

• Albania — −US$1.68 billion (2025)
• Armenia — −US$1.61 billion (2025)
• Austria — US$13.81 billion (2025)
• Azerbaijan — US$4.72 billion (2025)
• Belarus — −US$1.82 billion (2025)
• Belgium — −US$14.64 billion (2025)
• Bosnia and Herzegovina — −US$4.28 billion (2025)
• Bulgaria — −US$1.36 billion (2025)
• Croatia — −US$5.3 billion (2025)

More economic policy & debt data for Türkiye

• Total reserves, including gold (current US$) — US$185.57 billion (2025)
• Total reserves, excluding gold (current US$) — US$71.62 billion (2025)
• General government final consumption expenditure (current US$) — US$221.44 billion (2025)
• General government final consumption expenditure (current LCU) — 8.74 trillion (2025)
• General government final consumption expenditure (% of GDP) — 13.86% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$873.8 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 34.48 trillion (2025)
• Households and NPISHs final consumption expenditure (% of GDP) — 54.71% (2025)

Reading data like this

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Questions people ask

What is Türkiye's external balance on goods and services (current US$)?

−US$3.76 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is down 2,973% from −US$122.22 million in 1960. The highest value was US$27.01 billion in 2019 and the lowest −US$56.31 billion in 2011.

How does Türkiye rank?

98th highest of 137 economies with data for 2025.

Is the latest change in external balance on goods and services (current US$) unusual for Türkiye?

In 2025, Türkiye's external balance on goods and services (current US$) fell US$11.06 billion on 2024 (from US$7.31 billion to −US$3.76 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +US$200.96 million and a typical year strayed about US$19.7 billion from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.RSB.GNFS.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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