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Turkey Trade Gap Largest in 11 Months
Turkey’s trade deficit widened to USD 11.3 billion in March 2026 from USD 7.2 billion in the same month last year, according to data from the Trade Ministry. This marks the largest trade gap since April last year, as imports rose 8.4% year-on-year to USD 33.2 billion, driven by higher purchases of investment goods (+7.9%), raw materials (+11.5%), and other goods (+249.5%). The largest import sources were China (14.3% of total imports), Germany (7.7%), Russia (6.1%), Switzerland (4.9%), and the US (4.6%). Meanwhile, exports fell 6.4% to USD 21.9 billion, weighed down by lower sales of investment goods (-2.7%), raw materials (-2.6%), and consumer goods (-15.3%). Top export destinations were Germany (8.3%), the US (6.3%), Italy (5.9%), the UK (5.3%), and France (4.5%). In the first quarter of 2026, the trade deficit widened to USD 28.7 billion from USD 22.5 billion a year earlier, as imports rose 4.7% while exports declined 3.1%.
Published on 2026-04-02

Turkey Trade Gap Largest in 11 Months
Turkey’s trade deficit widened to USD 11.3 billion in March 2026 from USD 7.2 billion in the same month last year, according to data from the Trade Ministry. This marks the largest trade gap since April last year, as imports rose 8.4% year-on-year to USD 33.2 billion, driven by higher purchases of investment goods (+7.9%), raw materials (+11.5%), and other goods (+249.5%). The largest import sources were China (14.3% of total imports), Germany (7.7%), Russia (6.1%), Switzerland (4.9%), and the US (4.6%). Meanwhile, exports fell 6.4% to USD 21.9 billion, weighed down by lower sales of investment goods (-2.7%), raw materials (-2.6%), and consumer goods (-15.3%). Top export destinations were Germany (8.3%), the US (6.3%), Italy (5.9%), the UK (5.3%), and France (4.5%). In the first quarter of 2026, the trade deficit widened to USD 28.7 billion from USD 22.5 billion a year earlier, as imports rose 4.7% while exports declined 3.1%.
Published on 2026-04-02

Turkey Trade Gap Widens in February
Turkey’s trade deficit widened to USD 9.0 billion in February 2026 from USD 7.8 billion in the same month last year. Imports rose 5.5% year-on-year to USD 30.1 billion, driven by higher purchases of capital goods (+15.8%), intermediate goods (+4.7%), and other goods (+168.3%). China remained the top import source, accounting for 13.7%, followed by Russia (8.3%), Germany (7.3%), Switzerland (5.6%), and the US (4.5%), together making up 39.5% of total imports. Meanwhile, exports increased at a slower 1.5% to USD 21.0 billion, supported by gains in mining and quarrying (+7.3%) and manufacturing, which accounted for 93.8% of total exports. Germany remained the top export destination (8.8%), followed by the UK (5.9%), US (5.9%), Italy (5.3%), and France (4.4%), together comprising 30.3% of exports. In the January–February period, exports fell 1.3% to USD 41.4 billion, while imports rose 2.8% to USD 58.8 billion, pushing the trade deficit up 13.8% year-on-year to USD 17.4 billion.
Published on 2026-03-31

Turkey Trade Deficit Widens in February
Turkey’s trade deficit widened to USD 9.2 billion in February 2026 from USD 7.80 billion in the same month last year, according to data from the Trade Ministry. Imports climbed 6.1% year-on-year to USD 30.3 billion, driven by higher purchases of investment goods (+15.7%), raw materials (+5.6%), and other goods (+168.5%). The largest import sources were China (13.6% of total imports), Germany (7.3%), and Switzerland (5.6%), which recorded annual growth rates of 16.6%, 3.5%, and 36.5%, respectively. Meanwhile, exports rose at a softer 1.6% to USD 21.1 billion, as gains in investment goods (+26.9%), raw materials (+1%), and other goods (+17.8%) were partly offset by a decline in consumer goods exports (-6.7%). Leading destinations were Germany (8.8% of total shipments), the US (5.9%), and the UK (5.6%), with exports to Germany and the US up 10% and 4.4%, while the UK fell 5.8%. In the first two months of 2026, the trade deficit rose to USD 17.6 billion from USD 15.3 billion a year ago.
Published on 2026-03-03

Turkey Trade Deficit Widens in February
Turkey’s trade deficit widened to USD 9.2 billion in February 2026 from USD 7.80 billion in the same month last year, according to data from the Trade Ministry. Imports climbed 6.1% year-on-year to USD 30.3 billion, driven by higher purchases of investment goods (+15.7%), raw materials (+5.6%), and other goods (+168.5%). The largest import sources were China (13.6% of total imports), Germany (7.3%), and Switzerland (5.6%), which recorded annual growth rates of 16.6%, 3.5%, and 36.5%, respectively. Meanwhile, exports rose at a softer 1.6% to USD 21.1 billion, as gains in investment goods (+26.9%), raw materials (+1%), and other goods (+17.8%) were partly offset by a decline in consumer goods exports (-6.7%). Leading destinations were Germany (8.8%), the US (5.9%), and the UK (5.6%), with exports to Germany and the US up 10% and 4.4%, while the UK fell 5.8%. In the first two months of 2026, the trade deficit rose to USD 17.6 billion from USD 15.3 billion a year ago.
Published on 2026-03-03

Turkey Trade Deficit Widens in January
Turkey’s trade deficit widened to USD 8.4 billion in January 2026 from USD 7.5 billion in the same month last year, confirming preliminary estimates from the Trade Ministry. Exports dropped 4.1% year-on-year to USD 20.3 billion, weighed down by lower manufacturing shipments (-4.7%), partly offset by higher exports of agriculture, forestry and fishing (+2.4%), mining and quarrying (+13.1%), and other sectors (+8.7%). Germany remained the top export market (8.8%), followed by the UK (6.3%), the US (6.0%), Italy (5.2%), and Iraq (4.4%). Meanwhile, imports edged up 0.1% to USD 28.7 billion, as increased purchases of capital goods (+9.7%) and other goods (+195.2%) offset declines in intermediate goods (-1.0%) and consumption goods (-5.7%). The main sources of imports were China (14.9%), followed by Russia (10.7%), Germany (6.5%), the US (6.3%), and Switzerland (4.4%).
Published on 2026-02-26

Turkey Trade Deficit Widens in January
Turkey’s trade deficit widened to USD 8.35 billion in January 2026 from USD 7.51 billion in the same month last year, according to preliminary data from the Trade Ministry. Imports were slightly higher, up 0.03% year-on-year to USD 28.68 billion, as increased purchases of investment goods (+9.6%) and other goods (+195.4%) were offset by lower arrivals of raw materials (-1.0%) and consumer goods (-5.6%). The largest import sources were China (USD 4.28 billion), Russia (USD 2.94 billion), and the US (USD 2.87 billion), with the top 10 import partners covering 59.3% of total imports. Meanwhile, exports fell 3.9% to USD 20.33 billion, weighed by lower sales of raw materials (-4.4%) and consumer goods (-10.6%), while exports of capital goods (+5.8%) and other goods (+287.0%) rose. Top export destinations were Germany (USD 1.78 billion), the US (USD 1.22 billion), and the UK (USD 1.21 billion), with the top 10 export markets accounting for 47.8% of overall shipments.
Published on 2026-02-02

Turkey’s December Trade Deficit Revised Slightly Lower
Turkey’s trade deficit was slightly revised down to USD 9.3 billion in December 2025 from a preliminary estimate of USD 9.4 billion, widening from USD 8.8 billion in the same month of 2024. This was the largest trade gap since April, despite exports rising more than imports. Exports grew 12.7% year-on-year to USD 26.4 billion due to higher sales in manufacturing (11.9%), agriculture, forestry and fishing (24.9%), and mining and quarrying (19%). Germany remained the top export market (6.7%), followed by the UK (6%), the US (5.9%), Iraq (5.1%), and France (4.8%). Meanwhile, imports rose 10.7% to USD 35.7 billion amid increased purchases of intermediate goods (5.6%), capital goods (38.7%), and consumption goods (6.7%). Key import sources were China (13%), Russia (10.5%), Germany (8.5%), the US (5.7%), and Italy (4.5%).
Published on 2026-01-30

Turkey Trade Deficit Widens in December
Turkey’s trade deficit widened to USD 9.3 billion in December 2025 from USD 8.8 billion in the same month of 2024, final data showed. This was the largest trade gap since April, despite exports rising more than imports. Exports grew 12.7% year-on-year to USD 26.4 billion due to higher sales in manufacturing (11.9%), agriculture, forestry and fishing (24.9%), and mining and quarrying (19%). Germany remained the top export market (6.7%), followed by the UK (6%), the US (5.9%), Iraq (5.1%), and France (4.8%). Meanwhile, imports rose 10.7% to USD 35.7 billion amid increased purchases of intermediate goods (5.6%), capital goods (38.7%), and consumption goods (6.7%). The main sources of imports were China (13%), Russia (10.5%), Germany (8.5%), the US (5.7%), and Italy (4.5%). For the full year 2025, the country’s trade gap expanded to USD 92.0 billion from USD 82.2 billion in 2024, as import growth (6.2%) outpaced exports (4.4%).
Published on 2026-01-30

Turkey Trade Deficit Widens in December
Turkey’s trade deficit widened to USD 9.3 billion in December 2025 from USD 8.8 billion in the same month of 2024. The data was revised slightly lower from an initial estimate of USD 9.4 billion. This was the largest trade gap since April, even as exports grew more than imports. Exports increased 12.7% year-on-year to USD 26.4 billion, driven by higher sales in manufacturing (11.9%), agriculture, forestry and fishing (24.9%), and mining and quarrying (19%). Germany remained the top export market (6.7%), followed by the UK (6%), the US (5.9%), Iraq (5.1%), and France (4.8%). Imports rose 10.7% to USD 35.7 billion amid increased purchases of intermediate goods (5.6%), capital goods (38.7%), and consumption goods (6.7%). The main sources of imports were China (13%), Russia (10.5%), Germany (8.5%), the US (5.7%), and Italy (4.5%). For the full year of 2025, the trade gap expanded to USD 92.0 billion from USD 82.2 billion in 2024, with imports (6.2%) rising more than exports (4.4%).
Published on 2026-01-30

Turkey Trade Deficit Widens in December
Turkey’s trade deficit widened to USD 9.3 billion in December 2025 from USD 8.8 billion in the same month of 2024, final data showed This was the largest trade gap since April, despite exports rising more than imports. Exports grew 12.7% year-on-year to USD 26.4 billion due to higher sales in manufacturing (11.9%), agriculture, forestry and fishing (24.9%), and mining and quarrying (19%). Germany remained the top export market (6.7%), followed by the UK (6%), the US (5.9%), Iraq (5.1%), and France (4.8%). Meanwhile, imports rose 10.7% to USD 35.7 billion amid increased purchases of intermediate goods (5.6%), capital goods (38.7%), and consumption goods (6.7%). The main sources of imports were China (13%), Russia (10.5%), Germany (8.5%), the US (5.7%), and Italy (4.5%). For the full year 2025, the country’s trade gap expanded to USD 92.0 billion from USD 82.2 billion in 2024, as import growth (6.2%) outpaced exports (4.4%).
Published on 2026-01-30

Turkey’s December Trade Deficit Revised Slightly Lower
Turkey’s trade deficit was revised slightly down to USD 9.3 billion in December 2025 from a preliminary estimate of USD 9.4 billion, widening from USD 8.8 billion in the same month of 2024. This was the largest trade gap since April, despite exports rising more than imports. Exports grew 12.7% year-on-year to USD 26.4 billion due to higher sales in manufacturing (11.9%), agriculture, forestry and fishing (24.9%), and mining and quarrying (19%). Germany remained the top export market (6.7%), followed by the UK (6%), the US (5.9%), Iraq (5.1%), and France (4.8%). Meanwhile, imports rose 10.7% to USD 35.7 billion amid increased purchases of intermediate goods (5.6%), capital goods (38.7%), and consumption goods (6.7%). Key import sources were China (13%), Russia (10.5%), Germany (8.5%), the US (5.7%), and Italy (4.5%).
Published on 2026-01-30

Turkey Trade Deficit Widens in December
Turkey’s trade deficit widened to USD 9.3 billion in December 2025 from USD 8.8 billion in the same month of 2024, final data showed. This was the largest trade gap since April, despite exports rising more than imports. Exports grew 12.7% year-on-year to USD 26.4 billion, driven by higher sales in manufacturing (11.9%), agriculture, forestry and fishing (24.9%), and mining and quarrying (19%). Germany remained the top export market (6.7%), followed by the UK (6%), the US (5.9%), Iraq (5.1%), and France (4.8%). Meanwhile, imports rose 10.7% to USD 35.7 billion amid increased purchases of intermediate goods (5.6%), capital goods (38.7%), and consumption goods (6.7%). The main sources of imports were China (13%), Russia (10.5%), Germany (8.5%), the US (5.7%), and Italy (4.5%). For the full year 2025, the country’s trade gap expanded to USD 92.0 billion from USD 82.2 billion in 2024, as import growth (6.2%) outpaced exports (4.4%).
Published on 2026-01-30

Turkey’s December Trade Deficit Revised Slightly Lower
Turkey’s trade deficit was revised slightly down to USD 9.3 billion in December 2025 from a preliminary estimate of USD 9.4 billion, widening from USD 8.8 billion in the same month of 2024. This was the largest trade gap since April, despite exports rising more than imports. Exports grew 12.7% year-on-year to USD 26.4 billion due to higher sales in manufacturing (11.9%), agriculture, forestry and fishing (24.9%), and mining and quarrying (19%). Germany remained the top export market (6.7%), followed by the UK (6%), the US (5.9%), Iraq (5.1%), and France (4.8%). Meanwhile, imports rose 10.7% to USD 35.7 billion amid increased purchases of intermediate goods (5.6%), capital goods (38.7%), and consumption goods (6.7%). The main sources of imports were China (13%), Russia (10.5%), Germany (8.5%), the US (5.7%), and Italy (4.5%). For the full year 2025, the country’s trade gap expanded to USD 92.0 billion from USD 82.2 billion in 2024, as import growth (6.2%) outpaced exports (4.4%).
Published on 2026-01-30

Turkey Trade Deficit Biggest in 8 Months
Turkey’s trade deficit widened to USD 9.4 billion in December 2025 from USD 8.8 billion in the same month last year, according to preliminary data from the Trade Ministry. This marked the largest trade shortfall since April. Exports rose 12.8% to USD 26.4 billion, driven by higher sales of investment goods (+33.9%), raw materials (+6.4%), consumer goods (+1.3%), and other goods (+217.1%). Top export destinations included Germany, accounting for 6.7% of total exports, followed by the US (5.9%), the UK (5.7%), and Iraq (5.1%). Meanwhile, imports increased 11.2% to USD 35.8 billion, reflecting higher purchases of investment goods (+38.6%), raw materials (+6.3%), consumer goods (+6.8%), and other goods (+110.3%). China remained the largest import source with a 13% share, followed by Russia (10.4%), Germany (8.4%), and the US (5.7%). For the full year of 2025, Turkey recorded a trade deficit of USD 92.0 billion, compared with USD 82.2 billion in the previous year.
Published on 2026-01-06

Turkey Trade Gap Widens to 5-Month High
Turkey's trade deficit widened to USD 8 billion in November 2025, from USD 7.5 billion in the corresponding month of the previous year, according to final estimates. It marked the largest trade shortfall since June, as imports grew 2.6% year-on-year to USD 30.5 billion, driven by higher purchases of capital goods (13%) and intermediate goods (1.3%). China (USD 4.2 billion) remained the top import source, followed by Russia (USD 3.1 billion) and Germany (USD 2.5 billion). Meanwhile, exports rose just 1.3% year-on-year to USD 22.5 billion, mainly attributed to increased sales of manufacturing (0.8%), agriculture, forestry, and fishing (7.4%), and mining and quarrying (18%). The top export destinations included Germany (USD 1.9 billion), the UK (USD 1.4 billion), and the US (USD 1.3 billion). From January to November 2025, the trade deficit widened to USD 82.7 billion, compared with USD 73.4 billion in the same period last year.
Published on 2025-12-31

Turkey Trade Deficit Largest in 5 Months
Turkey’s trade deficit widened to USD 7.8 billion in November 2025, up from USD 7.5 billion in the same month of the previous year. This marked the largest shortfall since June, as imports rose by 2.6% year-on-year to USD 30.5 billion, driven by higher purchases of intermediate goods (1.5%), consumer goods (3.6%), and capital goods (13%). China (USD 4.2 billion) remained the top import source, followed by Russia (USD 3.1 billion) and Germany (USD 2.5 billion). Meanwhile, exports grew by 2.2% year-on-year to USD 22.7 billion, primarily due to increased sales of capital goods (16.2%). The top export destinations included Germany (USD 1.9 billion), the US (USD 1.5 billion), and the UK (USD 1.3 billion). From January to November 2025, the trade deficit widened to USD 82.5 billion, compared with USD 73.4 billion in the same period last year.
Published on 2025-12-04

Turkey Trade Deficit Largest in 5 Months
Turkey’s trade deficit widened to USD 7.8 billion in November 2025, up from USD 7.5 billion in the same month of the previous year. This marked the largest shortfall since June, as imports rose by 2.6% year-on-year to USD 30.5 billion, driven by higher purchases of intermediate goods (1.5%), consumer goods (3.6%), and capital goods (13%). China (USD 4.2 billion) remained the top import source, followed by Russia (USD 3.1 billion) and Germany (USD 2.5 billion). Meanwhile, exports grew by 2.2% year-on-year to USD 22.7 billion, primarily due to increased sales of capital goods (16.2%). The top export destinations included Germany (USD 1.9 billion), the US (USD 1.5 billion), and the UK (USD 1.3 billion). From January to November 2025, the trade deficit widened to USD 82.5 billion, compared with USD 73.4 billion in the same period last year.
Published on 2025-12-04

Turkey Trade Deficit Widens to 4-Month High
Turkey’s trade deficit widened to USD 7.6 billion in October 2025, from USD 5.9 billion in the same month of the previous year, final estimates showed. It marked the largest trade gap since June, as imports jumped by 7.2% year-on-year to USD 31.5 billion, driven largely by higher purchases of intermediate goods (7.3%) and capital goods (20.2%), which largely offset the decline in consumption goods (-4.3%). China (12.6%) remained the top import source, followed by Russia (11.8%) and Germany (7.4%). Meanwhile, exports rose by 2% from a year earlier to USD 23.9 billion, supported mainly by stronger sales of manufacturing (3.2%), despite decreases in agriculture, forestry and fishing (-7.7%), as well as mining and quarrying (-32.9%). Top export destinations included Germany (8.4%), the UK (5.9%), and the US (5.9%). Considering the first ten months of the year, the country’s trade deficit widened to USD 74.7 billion from USD 65.9 billion in the corresponding period of the previous year.
Published on 2025-11-27

Turkey Trade Gap Largest in 4 Months
Turkey’s trade deficit widened to USD 7.4 billion in October 2025 from USD 5.9 billion in the same month a year earlier, according to preliminary data from the Trade Ministry. This marked the largest trade gap in four months, as imports rose 6.6% year-on-year to USD 31.4 billion, driven by higher purchases of intermediate goods (+6.5%) and capital goods (+20.2%). China (USD 4.0 billion) remained the top import source, followed by Russia (USD 3.5 billion) and Germany (USD 2.3 billion). Meanwhile, exports grew at a slower pace of 2.3% to USD 24.0 billion, supported by increased sales of intermediate goods (+3.9%) and capital goods (+20.5%). Top export destinations included Germany (USD 2.0 billion), the US (USD 1.43 billion), and the UK (USD 1.4 billion). From January to October 2025, the trade deficit widened to USD 74.4 billion, compared with USD 65.9 billion in the same period last year.
Published on 2025-11-04