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Türkiye recorded a foreign trade deficit of $55.9 billion between January and July 2025, surging by 12.2% compared with the same period last year, the Turkish Statistical Institute (TurkStat) reported on Thursday.
For the seven-month period, exports totaled $156.3 billion, up 5.1% from a year earlier, while imports rose 6.9% to $212.22 billion. The export-to-import coverage ratio declined slightly to 73.7%, compared with 74.9% in January–July 2024.
Annualized figures put the trade deficit at $88.32 billion, with imports totaling $357.71 billion against $269.39 billion in exports.
In July alone, exports rose 11% year-on-year to $24.94 billion, while imports climbed 5.4% to $31.38 billion. This resulted in a monthly trade deficit of $6.44 billion, narrowing by 11.8% from July 2024.
Excluding energy and non-monetary gold, the trade deficit stood at $2.18 billion for the month. The export-to-import coverage ratio improved to 79.5% in July 2025, compared with 75.5% a year earlier.
Manufactured goods accounted for 95.5% of total exports in July, followed by agriculture, forestry, and fishing with 2.2%, and mining and quarrying with 1.6%.
Within manufacturing, high-technology products represented 4.2% of exports, while medium-high technology products held a 41.6% share.
Germany remained the largest export destination for Türkiye, receiving $1.97 billion worth of goods in July. The United Kingdom followed with $1.69 billion, and the United States with $1.57 billion.
On the import side, China was Türkiye’s leading supplier with $4.64 billion, followed by Russia at $3.56 billion and Germany at $3 billion.
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