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Türkiye’s exports staged a sharp comeback in April, jumping 22% or $4.6 billion year-over-year to $25.4 billion, as Gulf-bound shipments rebounded, recovering from March’s 6% drop at the peak of the Iran conflict.
Exports to Gulf countries rose 60% month-over-month to $2.4 billion, with major markets posting sharp increases, including:
On a rolling 12-month basis, Türkiye’s exports reached $275.8 billion in April, marking a new record in goods trade, according to the ministry's data.
Imports rose more modestly, up 3.1% to $33.9 billion, while total foreign trade volume increased 10.5% to $59.3 billion. The trade deficit narrowed significantly, dropping 29.8% to $8.5 billion.
The export-to-import coverage ratio improved by 11.7 percentage points to 74.9%. Excluding energy, the ratio rose to 87.9%, and further to 90.5% when both energy and gold are excluded.
In the first four months of the year, exports rose 3% to $88.6 billion, while imports increased 4.3% to $125.8 billion. Total trade volume reached $214.4 billion, up 3.7%.
The trade deficit widened 7.4% to $37.2 billion during the same period, with the export-to-import ratio standing at 70.5%.
Trade Minister Omer Bolat noted that export growth extended beyond the Gulf, highlighting gains across 166 countries.
"Even when adjusted for parity and calendar effects, export momentum remains notable despite ongoing conflicts in our region," Bolat said. He added that stronger external balances would help accelerate improvements in the domestic economy.
Treasury and Finance Minister Mehmet Simsek underlined the resilience of exporters, noting that annualized exports hit a historic high despite challenging global conditions.
Türkiye would continue supporting sectors that generate foreign currency and push forward structural reforms to strengthen competitiveness, he emphasized.
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