Turkey - Balance of Goods




Turkey: Balance of Goods

Mnemonic TRBG.ITUR
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Monthly 21.82 %
Data Nov 2019 -1,111
Oct 2019 -912

Series Information

Source Central Bank of the Republic of Turkey (CBT)
Release Balance of Payments
Frequency Monthly
Start Date 12/31/1991
End Date 11/30/2019

Turkey: Trade

Reference Last Previous Units Frequency
Balance of Goods Nov 2019 -1,111 -912 Mil. USD, NSA Monthly
Current Account Balance Nov 2019 -518 1,558 Mil. USD, NSA Monthly
Exports of Goods Nov 2019 16,131 16,475 Mil. USD, NSA Monthly
Imports of Goods Nov 2019 17,242 17,387 Mil. USD, NSA Monthly
Exports of Goods and Services 2019 Q3 366,873,540 340,986,974 Ths. TRY, NSA Quarterly
Imports of Goods and Services 2019 Q3 315,853,123 323,952,546 Ths. TRY, NSA Quarterly
Net Exports 2019 Q3 51,020,417 17,034,427 Ths. TRY, NSA Quarterly
Real Exports of Goods and Services 2019 Q3 116,963,371 104,866,547 Ths. Ch. 2009 TRY, NSA Quarterly
Real Imports of Goods and Services 2019 Q3 91,818,001 82,469,515 Ths. Ch. 2009 TRY, NSA Quarterly
Real Net Exports 2019 Q3 25,145,369 22,397,032 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