Balance of Payments - February 2026
Alper Gürler - Division Head
alper.gurler@isbank.com.trH. Erhan Gül - Unit Manager
erhan.gul@isbank.com.trDilek Sarsın Kaya - Asst. Manager
dilek.kaya@isbank.com.trBüşra Ceylan - Asst. Economist
busra.ceylan@isbank.com.trOnuray Günaydın - Asst. Economist
onuray.gunaydin@isbank.com.trCurrent account deficit stood at 7.5 billion USD in February.
In February, the current account deficit reached 7.5 billion USD, its highest level since April 2025. During this period, the widening of the trade deficit coupled with a decline in net service revenues caused the current account deficit to increase by 43.8% yoy. As a result, the 12-month cumulative current account deficit rose to 35.4 billion USD as of February.
Expectations…
According to preliminary foreign trade data from the Ministry of Trade, exports continued to decline by 6.4% yoy in March, while imports rose by 8.4%. Consequently, the foreign trade deficit stood at 11.3 billion USD in March, when the war between the U.S./Israel and Iran began. CBRT’s securities statistics indicated a total outflow of 7.5 billion USD from the stock and government bond markets in March, in line with the decline in global risk appetite. The pace of geopolitical developments in the coming period will continue to be closely monitored in terms of energy prices as well as global economic and tourism activities.
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