Türkiye's August 2025 Trade Deficit Falls 15.8% Despite Export Drop
Türkiye's foreign trade balance in August 2025 showed a deficit of $4.2 billion, a decrease of 15.8% compared to the same month last year. Despite this, the export/import coverage ratio improved to 83.5%.
Exports in August 2025 stood at $21.7 billion, a 1.2% decrease from August 2024, while imports fell by 3.9% to $25.94 billion. When excluding energy and non-monetary gold, the foreign trade balance even showed a surplus of $338 million. Looking at the eight-month period, the foreign trade deficit widened by 9.7% year-on-year to $60.14 billion.
China remained the top source of imports to Türkiye in August 2025, with $3.9 billion. Meanwhile, Germany was the leading destination for Turkish exports, with $1.77 billion. In terms of export value, Germany, the United Kingdom, and the United States are expected to be the three most important customers for Turkish exports in 2025.
In the first eight months of 2025, Türkiye's exports totaled $178 billion, up 4.3% from the same period in 2024, and imports were at $238.1 billion, up 5.6%. The government forecasts exports to rise to $282 billion in 2026, with imports projected at $378 billion, and the foreign trade deficit expected to reach $96 billion.
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