31.12.202507:23:18UTC+00Turkey Trade Gap Widens to 5-Month High

Turkey's trade deficit expanded to USD 8 billion in November 2025, up from USD 7.5 billion in the same month of the previous year, as per the final estimates. This marks the most significant trade gap since June. Imports increased by 2.6% year-over-year to reach USD 30.5 billion, largely due to a rise in purchases of capital goods (13%) and intermediate goods (1.3%). China remained the leading source of imports, accounting for USD 4.2 billion, followed by Russia at USD 3.1 billion, and Germany at USD 2.5 billion. Conversely, exports grew modestly by 1.3% year-over-year to USD 22.5 billion, primarily driven by heightened sales in manufacturing (0.8%), agriculture, forestry, and fishing (7.4%), and mining and quarrying (18%). Germany, the UK, and the US were the top export destinations, with exports valued at USD 1.9 billion, USD 1.4 billion, and USD 1.3 billion, respectively. From January to November 2025, the trade deficit expanded to USD 82.7 billion, up from USD 73.4 billion during the same period the previous year.