Turkey Balance of Trade

Last Release

Aug 31, 2025

Actual

-4,168.47

Units In

USD Million

-6,444.39

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	-2,125.85 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 narrowed to USD 4.2 billion in August 2025 from USD 5.0 billion a year earlier, according to preliminary data from the Trade Ministry. This marked the smallest gap since October 2021 as exports declined slower than imports. Exports fell 0.9% year-on-year to USD 21.8 billion, with declines in intermediate goods (–3.4%) and consumer goods (–4.3%), while capital goods rose 11.2%. Germany remained the top market (8.1% of total), followed by the US (5.9%), where Turkish exports now face 15% tariffs, and the UK (5.3%). Meanwhile, imports dropped 3.9% to USD 26.0 billion, led by lower purchases of intermediate goods (–5.8%) and consumer goods (–3.4%), while capital goods increased 2.9%. China was the largest supplier (15.0%), followed by Russia (12.7%) and Germany (8.7%). From January–August, exports rose 4.3% to USD 178.1 billion, while imports grew 5.6% to USD 238.2 billion, widening the trade gap to USD 60.1 billion from USD 54.8 billion in the same period last year.