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

Shipping containers are seen on a cargo ship at the Port of Miami in Miami, Florida, on August 7, 2025. Higher US tariffs came into effect for dozens of economies on August 7, drastically raising the stakes in President Donald Trump's wide-ranging efforts to reshape global trade. (Photo by CHANDAN KHANNA / AFP)

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.

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