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Turkey’s foreign trade deficit grew by 11.9 percent in 2025 to about $95 billion as imports rose faster than exports, according to data released on Friday by the Turkish Statistical Institute (TurkStat).
Exports increased 4.4 percent from a year earlier to $248.768 billion in January through December 2025, while imports rose 6.2 percent to $344 billion, TurkStat data showed. The trade deficit for the year was $95.2 billion, up from $83.9 billion in 2024.
The export coverage ratio, a measure of exports relative to imports, declined from 73.9 percent in 2024 to from 72.3 percent in 2025.
The release also provided country breakdowns. Germany was Turkey’s top export market in 2025 at $22.167 billion, followed by the United Kingdom at $16.773 billion, the US at $16.328 billion, Italy at $13.232 billion and Iraq at $12.380 billion.
The top five markets accounted for 29.6 percent of total exports.
China was Turkey’s largest import source in 2025 at $49.576 billion, followed by Russia at $42.373 billion, Germany at $30.110 billion, the US at $18.080 billion and Switzerland at $15.738 billion.
The top five suppliers accounted for 42.7 percent of annual imports.