Turkey Balance of Trade

Last Release

Oct 31, 2025

Actual

-7,362

Units In

USD Million

-6,903.03

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
24.51 Dec 1971	-14,370 Jan 2023	-2,138.02 USD Million	1957-2025	Turkish Statistical Institute

The Turkish trade balance has been in deficit since 1947. In 2017 the trade gap widened 36.8 percent from the previous year to USD 76.7 billion, as imports jumped 17.7 percent, the sharpest increase since 2011 and exports rose at a slower 10.2 percent. Turkey major exports were road vehicles, textiles, iron and steel, clothing and food, while imports were machinery and transport equipment, manufactured goods, mineral fuels and lubricants and chemicals. The biggest trade deficits were recorded with China, Russia, Germany, South Korea, Switzerland, India, Iran and Japan; and the largest surpluses were recorded with Iraq, the UAE, the UK, Israel, Syria, Northern Cyprus and Azerbaijan.

Latest Updates

Turkey’s trade deficit widened to USD 7.4 billion in October 2025 from USD 5.9 billion in the same month a year earlier, according to preliminary data from the Trade Ministry. This marked the largest trade gap in four months, as imports rose 6.6% year-on-year to USD 31.4 billion, driven by higher purchases of intermediate goods (+6.5%) and capital goods (+20.2%). China (USD 4.0 billion) remained the top import source, followed by Russia (USD 3.5 billion) and Germany (USD 2.3 billion). Meanwhile, exports grew at a slower pace of 2.3% to USD 24.0 billion, supported by increased sales of intermediate goods (+3.9%) and capital goods (+20.5%). Top export destinations included Germany (USD 2.0 billion), the US (USD 1.43 billion), and the UK (USD 1.4 billion). From January to October 2025, the trade deficit widened to USD 74.4 billion, compared with USD 65.9 billion in the same period last year.