FX.co ★ Turkey’s Current Account Deficit Narrows Sharply in April 2026

Turkey’s current account deficit narrowed in April 2026, offering a tentative sign of easing external pressures on the economy. According to data updated on 12 June 2026, the current account balance improved to a deficit of -5.70 billion USD, compared with -9.67 billion USD in March 2026.

The month-on-month move represents a significant reduction in the gap, suggesting that either import demand has moderated, exports and services revenues have strengthened, or a combination of both. While the account remains firmly in deficit, the April figure indicates some short-term relief on Turkey’s external balance sheet after the markedly wider shortfall recorded in March.

Market participants and policymakers are likely to watch coming months’ releases closely to assess whether April’s improvement marks the beginning of a more sustained adjustment in Turkey’s external position or a temporary correction following March’s deterioration.