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. source: Turkish Statistical Institute

Turkey recorded a trade deficit of 9206 USD Million in February of 2026. Balance of Trade in Turkey averaged -2161.76 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 March of 2026.

Turkey recorded a trade deficit of 9206 USD Million in February of 2026. Balance of Trade in Turkey is expected to be -7700.00 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 -8300.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-26 07:00 AM
Balance of Trade Final
Jan $-8.4B $-9.4B $-8.4B
2026-03-03 08:30 AM
Balance of Trade Prel
Feb $-9.2B $-8.4B $-6.7B
2026-03-27 07:00 AM
Balance of Trade Final
Feb $-8.4B $-9.2B


Related Last Previous Unit Reference
Balance of Trade -9206.00 -8379.54 USD Million Feb 2026
Exports 21065.00 20315.33 USD Million Feb 2026
Imports 30271.00 28694.87 USD Million Feb 2026
Tourism Revenues 15152.00 24258.00 USD Million Dec 2025


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
-9206.00 -8379.54 187.98 -14290.14 1957 - 2026 USD Million Monthly

News Stream
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.
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%).
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.
2026-02-02