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Türkiye’s exports totaled $20.33 billion in January 2026, marking a 3.9% decrease compared to the same month last year, according to Trade Ministry data.
The decline was largely stemmed from calendar effects and weaker exports of processed gold and refined petroleum products, Minister Omer Bolat stated during a press conference on Monday.
On the import side, Türkiye recorded $28.68 billion worth of goods in January, showing no notable monthly change. As a result of the export shortfall, the trade deficit widened to $8.3 billion, an 11% increase from the previous year.
The export-import coverage ratio fell to 70.9% in January but rose to 87.3% when adjusted for gold and energy imports.
Germany, the United States, and the United Kingdom were Türkiye’s main export destinations in January.
In terms of sectoral distribution, the manufacturing sector accounted for the largest share of exports, reaching $18.9 billion. This was followed by agriculture, forestry, and aquaculture with $1 billion, and the mining sector with $300 million.
Bolat said service exports continued to rise in January, reaching $8.5 billion on a 12‑month basis with a 5.5% annual increase.
Over the same period, Türkiye’s rolling export total rose 3.7% to $272.5 billion, while the export-import coverage ratio stood at 74.6%. Imports climbed 5.5% to $365.4 billion, leading to an annualized trade deficit of $92.9 billion.
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