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Türkiye’s foreign trade deficit narrowed 29.8% year-on-year in April to $8.5 billion, as exports posted a strong increase and imports rose at a much slower pace, official data showed Friday.
The Turkish Statistical Institute said exports rose 22.3% from a year earlier to $25.4 billion in April, while imports increased 3.1% to $33.9 billion.
The export-to-import coverage ratio improved to 74.9% in April, compared with 63.2% in the same month last year.
The April data showed a sharp annual rise in exports, helping narrow the monthly trade gap despite higher imports.
Excluding energy products and non-monetary gold, exports increased 23.6% to $23.8 billion.
Imports excluding energy and non-monetary gold rose 3.3% to $26.2 billion.
The foreign trade deficit excluding energy products and non-monetary gold stood at $2.5 billion in April.
The export-to-import coverage ratio excluding those items reached 90.5%.
Manufacturing products accounted for 94.2% of Türkiye’s total exports in April, while intermediate goods made up 71.1% of imports.
In the January-April period, Türkiye’s exports increased 3% year-on-year to $88.7 billion.
Imports rose 4.3% in the same period to $125.8 billion.
Despite the improvement in April, the foreign trade deficit widened 7.3% in the first four months of the year to $37.1 billion.
Germany was Türkiye’s largest export market in April, with shipments totaling $2.1 billion.
The U.S. followed with $1.6 billion, the U.K. with $1.45 billion, Italy with $1.36 billion and Spain with $1.04 billion.
China was Türkiye’s top import partner in April, with imports from the country reaching $4.48 billion.
Russia ranked second with $4.43 billion, followed by Germany with $2.36 billion, the U.S. with $1.85 billion and Italy with $1.34 billion.
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