---
source: Central Bank of the Republic of Türkiye (CBRT)
url: https://www.tcmb.gov.tr/wps/wcm/connect/4329826e-067d-44b6-8748-620900d91741/BalanceofPayments_January2026.pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACE-4329826e-067d-44b6-8748-620900d91741-pPwS6Ug
document_type: pdf
date_retrieved: 2026-03-15
period: January 2026
parent_publication: Balance of Payments Developments
indicators_covered: [Current Account]
country: TR
release_date: 2026-03-12
---

# Balance of Payments Developments, January 2026

BALANCE OF
PAYMENTS
DEVELOPMENTS
DATA GOVERNANCE AND STATISTICS DEPARTMENT
BALANCE OF PAYMENTS DIVISION

## Balance of Payments Developments, January 2026

## Current Account
In January, current account recorded net deficit of USD 6,807 million. Current account
excluding gold and energy indicated net deficit of USD 1,228 million. Meanwhile, Goods
recorded a deficit of USD 6,967 million.

According to annualized data, current account deficit recorded as USD 32.9 billion in
January, while the goods deficit recorded as USD 71.2 billion. In the same period, services
recorded a net surplus of USD 63.1 billion, while the primary and secondary in come
realized net deficit of USD 24.1 billion and USD 695 million respectively.

Net inflows from the services recorded 2,639 million USD in January, with net revenues
from transportation and travel services reaching to 1,687 million USD and 2,471 million
USD, respectively.

## Financial Account
As regards the annualized figures, the current account deficit was mainly financed through
direct investment with a net inflow of USD 2.7 billion, portfolio investment with a net inflow
of USD 4.2 billion, loans with a net inflow of USD 36.1 billion and trade credits with a net
inflow of USD 0.3 billion. Howev er, the currency and deposits item had a negative impact
on the current account deficit, amounting to USD 10.0 billion. The net foreign currency
reserves of the Central Bank have decreased by USD 16.5 billion.

Direct investment recorded net inflow of USD 22 million in January. Specifically, non-
residents recorded a net inflow of 716 USD million and residents’ external assets increased
by USD 694 million.
As regards the real estate investments, residents purchased USD 208 million of real estate
abroad, while non-residents realized net purchases of USD 163 million in Türkiye.

Portfolio investments recorded a net inflow of USD 8,392 million.
Non-residents investments on equity securities and goverment domestic debt securities
market recorded net purchases of USD 1,463 million and USD 4,010 million, respectively.
Regarding securities issued in international capital markets, non -residents realiz ed net
purchases of USD 586 million, USD 2,407 million and USD 469 million issued by banks,
General Government and other sectors respectively.
Regarding the loans provided from abroad , banks and other sectors realized net
borrowing of USD 1,410 million and USD 1,740 million respectively, while General
Government realized net repayment of USD 69 million.
Under other investment, non-resident banks’ deposit accounts held within domestic banks
increased by USD 5,694 million, including a net increase of USD 3,617 million in Turkish lira
and USD 2,077 million in foreign currency accounts respectively.

Official reserves increased by USD 11,996 million.