Foreign Trade
Current account balance is negative only for Turkey and Bangladesh during the last decade. Except for Iran and Turkey all member states have improved their current account balance. Iran has practiced a slight decrease in its positive current account balance share in GDP in 2001-2005 period compared to that of previous five years. Current account deficit of Turkey as percent of GDP has doubled in the last five years. Positive current account balance of Malaysia has also doubled in the same period.
An indication of the dynamism of D-8 economies is their rapid integration with the world economy. In recent years, their exports and imports constitute 3.7 percent of the world total trade in average. In 2005, however, the exports share of D-8 member states in total world exports is 4.17 percent. According to the World Trade Report-2006 Malaysia, Indonesia, Turkey, Iran and Nigeria are among the first 50 leading exporters and Turkey, Malaysia, Indonesia, Iran and Pakistan are among the first 50 leading importers.
Main trading partners of the D-8 countries are industrialized economies. Average intra D-8 trade share of member states in overall trade volume is 4.3 percent in average. Pakistan is the one trading most with other D-8 members. The 8.14 % of the overall trade volume of Pakistan is originated from D-8 countries.
Main export items of the D-8 countries vary a great deal based on resource endowment, climate, and soil conditions. The bulk of these exports are oil and gas, agricultural products and textiles. Among import items machinery and transport equipment, iron and steel products, raw materials for textiles, chemicals, and certain food items are more important.

















