Turkey - Balance of Goods




Turkey: Balance of Goods

Mnemonic TRBG.ITUR
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Monthly 61.1 %
Data May 2019 -706
Apr 2019 -1,815

Series Information

Source Central Bank of the Republic of Turkey (CBT)
Release Balance of Payments
Frequency Monthly
Start Date 12/31/1991
End Date 5/31/2019

Turkey: Trade

Reference Last Previous Units Frequency
Balance of Goods May 2019 -706 -1,815 Mil. USD, NSA Monthly
Current Account Balance May 2019 151 -1,301 Mil. USD, NSA Monthly
Exports of Goods May 2019 16,916 15,389 Mil. USD, NSA Monthly
Imports of Goods May 2019 17,622 17,204 Mil. USD, NSA Monthly
Exports of Goods and Services 2019 Q1 291,378,855 322,708,322 Ths. TRY, NSA Quarterly
Imports of Goods and Services 2019 Q1 290,147,259 294,547,072 Ths. TRY, NSA Quarterly
Net Exports 2019 Q1 1,231,596 28,161,250 Ths. TRY, NSA Quarterly
Real Exports of Goods and Services 2019 Q1 96,067,485 107,308,037 Ths. Ch. 2009 TRY, NSA Quarterly
Real Imports of Goods and Services 2019 Q1 71,720,255 89,158,201 Ths. Ch. 2009 TRY, NSA Quarterly
Real Net Exports 2019 Q1 24,347,229 18,149,835 Ths. Ch. 2009 TRY, NSA Quarterly

Release Information

Description

Balance of payments and international investment position statistics are compiled in accordance with the most recent "Balance of Payments and International Investment Position Manual (BPM)." It is prepared by the International Monetary Fund (IMF) to provide guidelines to countries and ensure consistent and comparable statistics.

Balance of payments is a statistical statement that records all economic transactions of residents in an economy for a specific time period. Economic transactions include:

  • goods, services and income
  • transactions of financial assets and liabilities
  • transfers between residents and nonresidents for the provision of real and financial resources
Two basic concepts in the definition:
  • Economic territory: corresponds to the geographic territory administered by a government.
  • Residence: refers to an individual who regularly resides in an economic territory for more than one year or an institutional unit who engages in economic activities within the economic territory.

Methodology

 Standard Components

  • Current Account
    • Goods and services
    • Primary income
    • Secondary income
  • Capital account
  • Financial account
    • Direct investment
    • Portfolio investment
    • Financial derivatives
    • Other investment
  • Errors and omissions

For further details on the Central Bank's Balance of Payments Statistics:

http://www.tcmb.gov.tr/wps/wcm/connect/932be9ac-d4da-4d11-90f2-5866e091ef49/bopmet.pdf?MOD=AJPERES&CACHEID=932be9ac-d4da-4d11-90f2-5866e091ef49

Revisions

Subject to recent history revisions with every update.  

Subject to larger revisions when the Balance of Payments Manual is re-defined.

Notes