![\"\"\/](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/08\/JN9LXf.png\")
<\/p>\nT\u00fcrkiye’s foreign trade deficit widened 13.6% year-over-year despite the highest-ever July exports, with the seven-month gap climbing 8.3%, official data showed Friday.<\/p>\n
Exports rose 2.9% year-over-year to $25.62 billion, T\u00fcrkiye’s second-highest monthly export value on record, while imports increased 5.1% to $32.97 billion.<\/p>\n
That led to a trade deficit of $7.34 billion in July, pushing the shortfall in the seven-month period to $60.55 billion, data by the Turkish Statistical Institute (TurkStat) and the Trade Ministry showed.<\/p>\n
The export-to-import coverage ratio declined to 77.7% from 79.4% in July 2025.<\/p>\n
Despite regional conflicts and adverse global conditions, exports in the January-July period grew 3.4% year-over-year to $161.5 billion, Trade Minister \u00d6mer Bolat said.<\/p>\n
Imports during the seven months climbed 4.7% to nearly $222.1 billion.<\/p>\n
T\u00fcrkiye’s annualized exports increased 3.4%, or $9.2 billion, from a year earlier to $278.5 billion as of July.<\/p>\n
Annualized imports rose 4.9%, or $17.6 billion, to $375.3 billion, the data showed.<\/p>\n
Bolat said exports remained resilient despite ongoing geopolitical tensions, increasingly difficult international conditions, rising protectionism and weak external demand.<\/p>\n
The government will continue strengthening T\u00fcrkiye’s export potential through financing, export support, guidance and the activities of its overseas organization, he added.<\/p>\n
“We will continue working with all our strength in the coming period to exceed the Medium-Term Program export target of $282 billion,” Bolat said.<\/p>\n
Germany was T\u00fcrkiye’s largest export destination in July, receiving goods worth over $2 billion, followed by the U.S. with $1.7 billion, the U.K. with $1.3 billion, Iraq with $1.1 billion and Italy with $1.1 billion.<\/p>\n
China was the largest source of imports at over $5 billion, followed by Russia at $3.2 billion and Germany at $2.5 billion.<\/p>\n
Manufacturing products accounted for 94.4% of total exports, while high-technology goods represented 4.4% of manufacturing exports.<\/p>\n
<\/p>\n
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