10,618.97 TRY BIST 100 BIST 100
46.85 EUR EUR EUR
40.57 USD USD USD
5.68 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
40.51 TRY Interest Interest
73.00 USD Fossil Oil Fossil Oil
48.55 USD Silver Silver
4.42 USD Copper Copper
102.04 USD Iron Ore Iron Ore
327.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,300.51 TRY Gold (gr) Gold (gr)

Türkiye's current account deficit exceeded expectations in January

Türkiye's current account balance realized above expectations in January and posted a deficit of USD 3.8 billion. Economists expected the current account deficit to be around USD 3 billion. In the same period, the current account excluding gold and energy gave a surplus of USD 2.4 billion.

Türkiye's current account deficit exceeded expectations in January

In January, balance of payments defined foreign trade deficit was recorded as USD 5.6 billion. Net errors and omissions item drew attention with a deficit of USD 5.3 billion.

According to the Central Bank of the Republic of Türkiye, the annualized current account deficit was realized as USD 11.5 billion, while the balance of payments-defined foreign trade deficit was calculated as USD 57.6 billion. In the same period, the services balance posted a surplus of USD 61.9 billion, while the primary income balance posted a deficit of USD 16 billion.

Net inflows from the services balance amounted to USD 3.1 billion. Net income from transportation services was USD 1.4 billion, while travel revenues were USD 2.4 billion.

In the financing of the annualized current account deficit in January, net direct investments contributed USD 4.5 billion, net portfolio investments USD 13.7 billion and loans USD 37 billion. On the other hand, net currency and deposits and commercial loans had a negative impact of USD 13.1 billion and USD 2.8 billion, respectively. The Central Bank's net reserve increase in foreign currency was recorded as USD 13.2 billion.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Three independent directors appointed to US Steel board

Thursday, July 31, 2025

Tata Steel announces first quarter financial results

Thursday, July 31, 2025

The role of iron and steel in the defense industry

Thursday, July 31, 2025

Meeting held between Algeria and the Arab Iron and Steel Union

Thursday, July 31, 2025

Türkiye's scrap imports decreased by 9.4% in June

Thursday, July 31, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now