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Türkiye’s annualized goods exports reached an all-time high of $265 billion in April, with monthly exports rising 8.5% year-over-year to $20.9 billion, marking the second-highest April export figure on record, Trade Minister Omer Bolat announced Friday.
According to the Turkish Exporters Assembly (TIM), imports in April also increased by 12.9%, reaching $33 billion. The foreign trade balance for the month posted a deficit of $12 billion, a 21.7% rise from the same month last year.
In the 12-month period, exports rose by 2.7%, or $7.1 billion, compared to the previous year. Annual imports climbed slightly by 0.2% to $351.6 billion, narrowing the annual trade deficit by 6.8% to $86.6 billion, a decrease of $6.4 billion.
The export-to-import coverage ratio declined by 2.6 percentage points year-over-year in April to 63.5%. When energy data is excluded, the ratio fell by 3.5 points to 70.4%, and excluding both energy and gold, it decreased by 1.1 points to 76.2%.
In April, the largest export category was intermediate goods, which rose by 7.8% to $10.87 billion. This was followed by consumer goods with a 5% increase to $6.95 billion, and capital goods, which jumped 15.7% to $2.87 billion. By sector, manufacturing accounted for 93.9% of total exports, amounting to $19.65 billion. Agriculture, forestry, and fishing contributed 3.8% ($791 million), while mining and quarrying made up 1.7% ($362 million).
Germany was Türkiye’s top export destination in April, with shipments valued at $1.77 billion, followed by the United Kingdom with $1.27 billion and the United States with $1.15 billion. The top 10 export destinations together accounted for 47.2% of total exports. The leading export regions were the European Union with $9.26 billion, followed by the Near and Middle East at $3.32 billion, and other European countries at $3.2 billion.
On the import side, intermediate goods also topped the list in April, rising by 12.9% to $22.91 billion. Consumer goods imports increased by 10.4% to $5.36 billion, while capital goods imports climbed 14.2% to $4.59 billion. In terms of sectoral distribution, manufacturing accounted for 81.7% of total imports at $26.93 billion. Mining and quarrying made up 11% ($3.62 billion), while agriculture, forestry, and fishing contributed 4.6% ($1.53 billion).
China was the largest source of imports at $4.18 billion, followed by Russia with $3.57 billion and Germany with $2.78 billion. The top 10 import countries represented 58.6% of total imports.
The main regional sources of imports were the European Union with $10.9 billion, Asian countries with $8.28 billion, and other European countries with $6.6 billion.
Under the general trade system (GTS), exports between January and April rose by 3.9% year-over-year to $86.25 billion, while imports increased by 6.7% to $120.77 billion. The total foreign trade volume reached $207.02 billion, up 5.5% from the same period last year.
During the same period, the foreign trade deficit widened by 14.5% to $34.53 billion. The export-to-import coverage ratio was calculated at 71.4%.
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