the central bank published the balance of payments statistics in march. Accordingly, the current account deficit became 4 billion 923 million dollars in March. The current account deficit rose 4002 percent compared to the same month of the previous year.
In this development, the foreign trade deficit increased by 3 billion 551 million dollars in March compared to the same month of the previous year, reaching 4 billion 289 million dollars, net inflows due to the balance of services decreased by 918 million dollars to 735 million dollars and a net inflow of 131 million dollars was observed in the same month of the previous year. A net outflow of $ 197 million this month was effective in the secondary income balance item.
5.5 BILLION DOLLAR OUTPUT
In addition, a net outflow of $ 5 billion 498 million was recorded in portfolio investments in March. When analyzed in terms of sub-items, it was seen that foreign residents made net sales of 1 billion 63 million dollars in the stock market and 2 billion 118 million dollars in the government domestic debt securities market.
With March data, 12-month current account surplus fell to 1 billion 463 million dollars.
| 2019 January-March | January 2020 | February 2020 | March 2020 | 2020 January-March | ||
| A- | CURRENT ACCOUNT ACCOUNT | -416 | -1.567 | -1.154 | -4.923 | -7.644 |
| one. | Export | 44.849 | 14.873 | 14.696 | 13.473 | 43.042 |
| 2nd. | Imports | 47.567 | 18.176 | 16.596 | 17.762 | 52.534 |
| Balance of Goods | -2.718 | -3.303 | -1.900 | -4.289 | -9.492 | |
| 3. | Service Revenues | 11.010 | 4,213 | 3,748 | 2,902 | 10.863 |
| 4. | Service Expenses | 6,574 | 2,273 | 2,167 | 2,167 | 6.607 |
| Goods and Services Balance | 1,718 | -1.363 | -319 | -3.554 | -5.236 | |
| 5. | Primary Investment Income | 1,607 | 586 | 556 | 495 | 1,637 |
| 6. | Primary Investment Expenses | 3,914 | 920 | 1,284 | 1,667 | 3,871 |
| Goods, Services and Primary Income Balance | -589 | -1.697 | -1.047 | -4.726 | -7.470 | |
| 7. | Secondary Investment Income | 173 | 130 | -107 | -197 | -174 |
| B. | CAPITAL ACCOUNT | 26 | -8 | -2nd | -3 | -13 |
| C. | FINANCIAL ACCOUNT | -4.716 | 1,526 | -3.209 | 7.676 | 5.993 |
| 8. | Direct Investments: Net Asset Acquisition | 496 | 160 | 207 | 178 | 545 |
| 9. | Direct Investments: Net Liability Formation | 2,493 | 1,013 | 595 | 974 | 2,582 |
| 10. | Portfolio Investments: Net Asset Acquisition | -138 | 575 | 619 | 2,192 | 3,386 |
| 11th. | Portfolio Investments: Net Liability Formation | 8.564 | -647 | 1,001 | -3.306 | -2.952 |
| 11.1. | Stocks | 882 | -333 | -687 | -1.063 | -2.083 |
| 11.2. | Debt Securities | 7.682 | -314 | 1,688 | -2.243 | -869 |
| 12. | Other Investments: Net Asset Acquisition | 9.580 | 1,913 | -3.122 | -856 | -2.065 |
| 12.1. | the central bank | 0 | 0 | 0 | 0 | 0 |
| 12.2. | General Government | one | 13 | 0 | -one | 12 |
| 3.12. | Banks | 7.525 | 2,104 | -3.357 | -500 | -1.753 |
| 12.4. | Other Sectors | 2,054 | -204 | 235 | -355 | -324 |
| 13. | Other Investments: Net Liability Formation | 3,597 | 756 | -683 | -3.830 | -3.757 |
| 13.1. | the central bank | -28 | 3 | -2nd | -5 | -4 |
| 13.2. | General Government | -123 | 4 | 38 | -109 | -67 |
| 13.3. | Banks | -248 | 1,036 | 919 | -3.020 | -1.065 |
| 13.4. | Other Sectors | 3,996 | -287 | -1.638 | -696 | -2.621 |
| Current, Capital and Financial Accounts | 4,326 | -3.101 | 2,053 | -12.602 | -13.650 | |
| D. | NET ERROR AND NOKSAN | -1.243 | 167 | 947 | -3.987 | -2.873 |
| GENERAL BALANCE | -3.083 | 2,934 | -3.000 | 16.589 | 16,523 | |
| TO. | RESERVE ASSETS | 3,083 | -2.934 | 3,000 | -16.589 | -16.523 |
| 14. | Official Reserves | 3,083 | -2.934 | 3,000 | -16.589 | -16.523 |
| 15. | International Monetary Fund Loans | 0 | 0 | 0 | 0 | 0 |
In the first 3 months of the year, the total current account deficit reached 7 billion 644 million dollars. In this period, the current account deficit rose by 1737 percent compared to the first 3 months of the previous year.
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