Balance of payments data announced

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

Accordingly, Türkiye's current account account had a surplus of 4 billion 53 million dollars in August. There was a surplus of 8 billion 205 million dollars in the current account, excluding gold and energy.

The balance of payments defined foreign trade deficit was 3 billion 746 million dollars.

According to annual data, while the current account deficit was approximately 42.1 billion dollars in August, the foreign trade balance, defined as the balance of payments, had a deficit of 78.4 billion dollars.

In the same period, the services balance recorded a surplus of 63.9 billion dollars, while the primary income balance recorded a deficit of 25.6 billion dollars and the secondary income balance recorded a deficit of 1.9 billion dollars.

Net inflows from the services balance were at the level of 9 billion 711 million dollars in August.

Under this item, net revenues from transportation services were 3 billion 265 million dollars and net revenues from travel item were 7 billion 285 million dollars.

According to the balance of payments data announced by the CBRT, while net portfolio investments contributed 5.5 billion dollars, loans 47.1 billion dollars and commercial loans 500 million dollars to the financing of the annualized current account deficit, financial derivatives had a negative impact of 4.8 billion dollars, net direct investments 900 million dollars and net effectives and deposits 17.7 billion dollars.

The decrease in the Central Bank's net reserves in foreign currency was 30.1 billion dollars.

In August, net inflows from direct investments were recorded as 141 million dollars. Total direct investments of non-residents to Türkiye increased by 719 million dollars, and direct investments of domestic residents abroad increased by 578 million dollars.

When real estate investments were examined, it was seen that domestic residents purchased 142 million dollars of net real estate abroad and non-residents purchased 244 million dollars of net real estate in Türkiye.

Portfolio investments recorded a net outflow of 1 billion 34 million dollars in August. It was observed that non-residents made net purchases of 1 billion 50 million dollars in the stock and investment fund markets and 77 million dollars in the government securities market.

Regarding bond issues abroad, it was observed that non-residents made net purchases of 34 million dollars in the issuances of other sectors, and net sales of 122 million dollars and 201 million dollars in the issuances of banks and the General Government, respectively.

This month, banks and other sectors made a net use of 2 billion 186 million dollars and 1 billion 230 million dollars, respectively, in terms of loans from abroad, while the General Government made a net repayment of 82 million dollars.

Under other investments, domestic deposits of foreign banks recorded a net increase of 17 million dollars in total, with a net decrease of 872 million dollars in Turkish lira and a net increase of 889 million dollars in foreign currency.

There was a net increase of 7 billion 138 million dollars in official reserves this month.