Current account balance has been in surplus for 3 months

Balance of payments data was announced by the Central Bank of the Republic of Turkey.

Accordingly, while there was a surplus of 2 billion 720 million dollars in Türkiye's current account in September, there was a surplus of 7 billion 342 million dollars in the current account excluding gold and energy.

Thus, there was a surplus in the current balance for 3 consecutive months. The current account balance had a deficit of 4 billion 477 million dollars in June. Türkiye's current account, which later changed direction, gave a surplus of 201 million dollars in July and 4 billion 578 million dollars in August.

The balance of payments defined foreign trade deficit was 3 billion 642 million dollars.

According to annual data, the current account deficit was approximately 39.2 billion dollars in September, while the foreign trade balance, defined as the balance of payments, had a deficit of 76.8 billion dollars. In the same period, the services balance had a surplus of 66.1 billion dollars, the primary income balance had a deficit of 26.3 billion dollars, and the secondary income balance had a deficit of 2.1 billion dollars.

While net inflows from the services balance were at the level of 9 billion 14 million dollars in September, net revenues from transportation services under this item were 3 billion 88 million dollars and net revenues from the travel item were 6 billion 573 million dollars.