"Homepage of the Turkish Economy"
Economic Bulletin

Subscribe

Balance of Payments - March 2025

ekonomi.isbank Macro Notes Balance of Payments Balance of Payments - March 2025

Current account deficit was 4.1 billion USD in March

In March, current account deficit came in at 4.1 billion USD, close to market expectations. Thus, current account posted a deficit for the fifth consecutive month. As of March, 12-month cumulative current account deficit became 12.6 billion USD.

In March, balance of payments-defined foreign trade deficit narrowed slightly on an annual basis, while the main items in the services balance presented a weak outlook. In this period, net revenues on passenger transportation and travel declined by 5.1% yoy and 1.1% yoy, respectively. In the same period, net non-monetary gold imports (1.1 billion USD) declined by 24.5%, while net energy imports (4.4 billion USD) increased by 16.9% yoy. Thus, current account excluding energy and gold continued to post a surplus, with 1.5 billion USD in March.

"LEGAL NOTICE
This report has been prepared by Türkiye İş Bankası A.Ş. economists and analysts by using the information from publicly available sources believed to be reliable, solely for information purposes; and they are not intended to be construed as an offer or solicitation for the purchase or sale of any financial in strument or the provision of an offer to provide investment services.

The views, opinions and analyses expressed do not represent the official standing of Türkiye İş Bankası A.Ş. and are personal views and opinions of the analysts and economists who prepare the report. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information contained in this report.

All information contained in this report is subject to change without notice, Türkiye İş Bankası A,Ş, accepts no liability whatsoever for any direct or consequential loss arising from any use of this report or its contents.

This report is copyright-protected. Reproducing, publishing and/or distributing this report in whole or in part is therefore prohibited. All rights reserved."