23.2 C
Frankfurt am Main

Turkey’s trade deficit for year ending in June rises 7.4 percent to $95.8 billion

Must read

Turkey’s trade deficit over the 12 months ending in June rose 7.4 percent to $95.8 billion as imports grew faster than exports, Trade Ministry data showed.

Exports totaled $277.94 billion in the July 2025-June 2026 period, while imports reached $373.74 billion.

The deficit was $89.19 billion in the previous 12-month period, covering July 2024 through June 2025.

Turkey’s export-import coverage ratio fell to 74.4 percent in the year ending in June, down from 75 percent a year earlier.

In the first half of 2026 the trade deficit stood at $53.09 billion. Exports rose 3.6 percent to $136.06 billion, while imports increased 4.6 percent to $189.15 billion.

In June alone exports reached $24.94 billion and imports stood at $35.32 billion, leaving a monthly trade deficit of $10.38 billion.

Germany was Turkey’s largest export market in June, with $1.97 billion in sales, followed by the United States at $1.54 billion and Italy at $1.36 billion.

China was Turkey’s top source of imports, with $5.28 billion, followed by Russia at $2.66 billion and Germany at $2.47 billion.

More News
Latest News