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Türkiye’s current account recorded a deficit of $2.01 billion in June, bringing the annualized deficit to $18.9 billion, the Central Bank of the Republic of Türkiye (CBRT) reported on Tuesday.
In the first half of 2025, the current account deficit totaled $23.09 billion, while the gold- and energy-excluded balance showed a $2.6 billion surplus, and goods posted a $6.5 billion deficit, the bank noted.
The services balance posted a $62.1 billion surplus over the past 12 months, with net inflows of $5.99 billion in June alone.
Within this category, transportation services generated $1.88 billion in net income, while travel services—mainly tourism—added $5.02 billion.
Meanwhile, the primary income balance, which includes investment income payments, recorded a $17.6 billion deficit in the annualized period, and secondary income, such as remittances, posted a $100 million deficit.
Net inflows from foreign direct investments (FDIs) reached $616 million in June, while net foreign direct investments reached $1.5 billion.
During the first half of 2025, FDIs topped $6.3 billion and reached $13.09 billion year-over-year.
Portfolio investments recorded a net inflow of $1.05 billion, with non-residents purchasing $641 million in equities and $114 million in government domestic debt securities.
Foreign banks’ deposits in Türkiye rose by a net $494 million, with a $675 million increase in foreign currency deposits partially offset by a $181 million decline in Turkish lira deposits.
CBRT’s foreign currency reserves fell by $4.05 billion in June, while annualized reserve losses reached $20.34 billion.
Trade Minister Omer Bolat said they expect the current account to post a surplus in July and August. “We anticipate the positive trend in the annualized 12-month current account deficit will continue,” he added.
Bolat also reported that total goods and services exports rose by 4.3% to $384.7 billion.
“With our support measures to increase exports and our steps to control import growth, the stable outlook in the current account balance continues in 2025,” he said.
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