Turkey's trade deficit widened to $7.37 billion in July 2026 from $6.46 billion a year earlier, according to preliminary data, as import growth continued to outpace exports. Imports increased 5.2% year-on-year to $32.99 billion, while exports rose 2.9% to $25.62 billion. In the first seven months of 2026, the country's cumulative trade deficit reached $60.51 billion. During the period, imports climbed 4.7% to $222.11 billion, while exports increased 3.4% to $161.60 billion. source: Turkish Statistical Institute

Turkey recorded a trade deficit of 7368 USD Million in July of 2026. Balance of Trade in Turkey averaged -2200.29 USD Million from 1957 until 2026, reaching an all time high of 187.98 USD Million in October of 2018 and a record low of -14290.14 USD Million in January of 2023. This page provides the latest reported value for - Turkey Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Turkey recorded a trade deficit of 7368 USD Million in July of 2026. Balance of Trade in Turkey is expected to be -7800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Balance of Trade is projected to trend around -7300.00 USD Million in 2027 and -6300.00 USD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-31 07:00 AM
Balance of Trade Final
Jun $-10.37B $-5.65B $-10.4B $-10.4B
2026-08-03 08:00 AM
Balance of Trade Prel
Jul $-7.4B $-10.37B $-11.8B
2026-08-28 07:00 AM
Balance of Trade Final
Jul $-10.37B $-7.4B $-7.4B


Related Last Previous Unit Reference
Balance of Trade -7368.00 -10369.65 USD Million Jul 2026
Exports 25621.00 24915.10 USD Million Jul 2026
Imports 32989.00 35284.74 USD Million Jul 2026
Tourism Revenues 15865.00 9896.00 USD Million Jun 2026


Turkey Balance of Trade
The Turkish trade balance has been in deficit since 1947. Turkey major exports are road vehicles, textiles, iron and steel, clothing and food, while imports were machinery and transport equipment, manufactured goods, mineral fuels and lubricants and chemicals. The biggest trade deficits were recorded with China, Russia, Germany, South Korea, Switzerland, India, Iran and Japan; and the largest surpluses were recorded with Iraq, the UAE, the UK, Israel, Syria, Northern Cyprus and Azerbaijan.
Actual Previous Highest Lowest Dates Unit Frequency
-7368.00 -10369.65 187.98 -14290.14 1957 - 2026 USD Million Monthly

News Stream
Turkey's Trade Deficit Widens in July
Turkey's trade deficit widened to $7.37 billion in July 2026 from $6.46 billion a year earlier, according to preliminary data, as import growth continued to outpace exports. Imports increased 5.2% year-on-year to $32.99 billion, while exports rose 2.9% to $25.62 billion. In the first seven months of 2026, the country's cumulative trade deficit reached $60.51 billion. During the period, imports climbed 4.7% to $222.11 billion, while exports increased 3.4% to $161.60 billion.
2026-08-03
Turkey Trade Deficit Widens in June
Turkey’s trade deficit widened to $10.4 billion in June 2026 from $8.2 billion in the corresponding month a year ago, confirming preliminary data. The shortfall was the largest since March, as import growth outpaced the increase in exports. Imports jumped 23% year-on-year to a six-month high of $35.3 billion, amid a sharp rise in imports of intermediate goods (30%) and capital goods (19.6%), which more than offset a decline in consumer goods imports (-1.2%). The top sources of imports were China (15%), Russia (10.4%), Germany (7.0%), the US (5.3%), and Italy (3.9%). Exports grew 21.7% to $24.9 billion, driven mainly by a 20.2% increase in manufacturing exports. Exports of agriculture, forestry and fishing (48.4%) and mining and quarrying (41.4%) also went up. The main export partners were Germany (7.9%), the US (6.2%), Italy (5.4%), the UK (5%), and Spain (4.5%). In the first half of 2026, the trade deficit widened to $53.1 billion from $49.5 billion last year.
2026-07-31
Turkey Posts Largest Trade Deficit in 3 Months
Turkey’s trade deficit widened to USD 10.4 billion in June 2026 from USD 8.2 billion in the same month a year earlier, according to preliminary data from the Trade Ministry. The shortfall was the largest since March, as imports climbed 23.1% year-on-year to a six-month high of USD 35.3 billion, outpacing a 21.9% increase in exports to USD 24.9 billion. For the first half of 2026, Turkey recorded a cumulative trade deficit of USD 53.1 billion. During the period, imports rose 4.6% compared with the same period a year earlier to USD 189.2 billion, while exports increased at a slower pace of 3.6% to USD 136.1 billion, highlighting a persistent deficit in the country’s external trade position.
2026-07-03