Turkey’s trade deficit widened to USD 8.35 billion in January 2026 from USD 7.51 billion in the same month last year, according to preliminary data from the Trade Ministry. Imports were slightly higher, up 0.03% year-on-year to USD 28.68 billion, as increased purchases of investment goods (+9.6%) and other goods (+195.4%) were offset by lower arrivals of raw materials (-1.0%) and consumer goods (-5.6%). The largest import sources were China (USD 4.28 billion), Russia (USD 2.94 billion), and the US (USD 2.87 billion), with the top 10 import partners covering 59.3% of total imports. Meanwhile, exports fell 3.9% to USD 20.33 billion, weighed by lower sales of raw materials (-4.4%) and consumer goods (-10.6%), while exports of capital goods (+5.8%) and other goods (+287.0%) rose. Top export destinations were Germany (USD 1.78 billion), the US (USD 1.22 billion), and the UK (USD 1.21 billion), with the top 10 export markets accounting for 47.8% of overall shipments. source: Turkish Statistical Institute

Turkey recorded a trade deficit of 8352 USD Million in January of 2026. Balance of Trade in Turkey averaged -2153.10 USD Million from 1957 until 2026, reaching an all time high of 187.98 USD Million in October of 2018 and a record low of -14290.14 USD Million in January of 2023. This page provides the latest reported value for - Turkey Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Turkey recorded a trade deficit of 8352 USD Million in January of 2026. Balance of Trade in Turkey is expected to be -7700.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Balance of Trade is projected to trend around -8300.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-30 07:00 AM
Balance of Trade Final
Dec $-9.3B $-8B $-9.4B
2026-02-02 11:00 AM
Balance of Trade Prel
Jan $-8.4B $-9.3B $-7.7B
2026-02-26 07:00 AM
Balance of Trade Final
Jan $-9.3B $-8.4B


Related Last Previous Unit Reference
Balance of Trade -8352.00 -9301.22 USD Million Jan 2026
Exports 20328.00 26372.99 USD Million Jan 2026
Imports 28861.00 35674.21 USD Million Jan 2026
Tourism Revenues 15152.00 24258.00 USD Million Dec 2025


Turkey Balance of Trade
The Turkish trade balance has been in deficit since 1947. Turkey major exports are 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.
Actual Previous Highest Lowest Dates Unit Frequency
-8352.00 -9301.22 187.98 -14290.14 1957 - 2026 USD Million Monthly

News Stream
Turkey Trade Deficit Widens in January
Turkey’s trade deficit widened to USD 8.35 billion in January 2026 from USD 7.51 billion in the same month last year, according to preliminary data from the Trade Ministry. Imports were slightly higher, up 0.03% year-on-year to USD 28.68 billion, as increased purchases of investment goods (+9.6%) and other goods (+195.4%) were offset by lower arrivals of raw materials (-1.0%) and consumer goods (-5.6%). The largest import sources were China (USD 4.28 billion), Russia (USD 2.94 billion), and the US (USD 2.87 billion), with the top 10 import partners covering 59.3% of total imports. Meanwhile, exports fell 3.9% to USD 20.33 billion, weighed by lower sales of raw materials (-4.4%) and consumer goods (-10.6%), while exports of capital goods (+5.8%) and other goods (+287.0%) rose. Top export destinations were Germany (USD 1.78 billion), the US (USD 1.22 billion), and the UK (USD 1.21 billion), with the top 10 export markets accounting for 47.8% of overall shipments.
2026-02-02
Turkey Trade Deficit Widens in December
Turkey’s trade deficit widened to USD 9.3 billion in December 2025 from USD 8.8 billion in the same month of 2024. The data was revised slightly lower from an initial estimate of USD 9.4 billion. This was the largest trade gap since April, even as exports grew more than imports. Exports increased 12.7% year-on-year to USD 26.4 billion, driven by higher sales in manufacturing (11.9%), agriculture, forestry and fishing (24.9%), and mining and quarrying (19%). Germany remained the top export market (6.7%), followed by the UK (6%), the US (5.9%), Iraq (5.1%), and France (4.8%). Imports rose 10.7% to USD 35.7 billion amid increased purchases of intermediate goods (5.6%), capital goods (38.7%), and consumption goods (6.7%). The main sources of imports were China (13%), Russia (10.5%), Germany (8.5%), the US (5.7%), and Italy (4.5%). For the full year of 2025, the trade gap expanded to USD 92.0 billion from USD 82.2 billion in 2024, with imports (6.2%) rising more than exports (4.4%).
2026-01-30
Turkey Trade Deficit Biggest in 8 Months
Turkey’s trade deficit widened to USD 9.4 billion in December 2025 from USD 8.8 billion in the same month last year, according to preliminary data from the Trade Ministry. This marked the largest trade shortfall since April. Exports rose 12.8% to USD 26.4 billion, driven by higher sales of investment goods (+33.9%), raw materials (+6.4%), consumer goods (+1.3%), and other goods (+217.1%). Top export destinations included Germany, accounting for 6.7% of total exports, followed by the US (5.9%), the UK (5.7%), and Iraq (5.1%). Meanwhile, imports increased 11.2% to USD 35.8 billion, reflecting higher purchases of investment goods (+38.6%), raw materials (+6.3%), consumer goods (+6.8%), and other goods (+110.3%). China remained the largest import source with a 13% share, followed by Russia (10.4%), Germany (8.4%), and the US (5.7%). For the full year of 2025, Turkey recorded a trade deficit of USD 92.0 billion, compared with USD 82.2 billion in the previous year.
2026-01-06