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<\/p>\nT\u00fcrkiye’s foreign trade deficit widened more than 26% last month, despite exports seeing their highest-ever June figure, official data showed Friday.<\/p>\n
Outbound shipments jumped 21.7% year-over-year to $24.92 billion (TL 1.18 trillion) in June, the third-highest monthly export total ever, Trade Minister \u00d6mer Bolat said.<\/p>\n
Imports increased 23% from a year earlier to $35.29 billion, provisional figures from the Turkish Statistical Institute and the Trade Ministry showed.<\/p>\n
The trade gap widened 26.2% year-over-year to $10.37 billion.<\/p>\n
The export-to-import coverage ratio fell to 70.6% from 71.4% in June 2025.<\/p>\n
Excluding energy products and non-monetary gold, exports climbed 23.2% to $23.3 billion, while imports rose 24.3% to just over $28 billion.<\/p>\n
The energy- and gold-excluded trade deficit stood at $4.71 billion, with the export-to-import coverage ratio at 83.2%.<\/p>\n
Manufactured products accounted for 93.7% of total exports in June, while agriculture, forestry and fishing represented 3.5% and mining and quarrying 2%.<\/p>\n
Intermediate goods made up 71.4% of imports, followed by consumer and capital goods, each with a 14.2% share.<\/p>\n
Germany was T\u00fcrkiye’s largest export market in June, receiving $1.97 billion worth of goods. It was followed by the U.S. with $1.54 billion, Italy with $1.35 billion, the U.K. with $1.26 billion and Spain with $1.12 billion.<\/p>\n
China was the leading source of imports with $5.28 billion, followed by Russia, Germany, the U.S. and Italy.<\/p>\n
In the first half of the year, exports increased 3.5% year-over-year to $135.98 billion, while imports rose 4.6% to $189.12 billion.<\/p>\n
The January-June trade gap widened 7.4% to $53.14 billion.<\/p>\n
Annualized exports rose 4.1% year-over-year to $277.9 billion as of June, up by $11 billion from $266.9 billion a year earlier, Bolat said.<\/p>\n
Exports of medium-high- and high-technology products increased 8.4% in the first half to $56.2 billion.<\/p>\n
Despite geopolitical tensions, protectionist measures and weak external demand, T\u00fcrkiye will continue working to exceed the Medium-Term Program’s export target of $282 billion, Bolat added.<\/p>\n
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