Türkiye's foreign trade saw significant growth in June 2025, with exports rising by 7.9% to $20.515 billion and imports increasing by 15.2% to $28.688 billion compared to June 2024, according to provisional data released by the Turkish Statistical Institute (TurkStat).

For the first half of 2025, exports grew by 4.1% to $131.408 billion, while imports rose by 7.2% to $180.845 billion compared to the same period last year.

Excluding energy products and non-monetary gold, exports in June 2025 increased by 8.1% to $18.955 billion, and imports surged by 16.9% to $22.544 billion. The foreign trade deficit, excluding these items, reached $3.588 billion, with the trade volume climbing 12.7% to $41.499 billion. The export-to-import coverage ratio for this category stood at 84.1%.

The overall foreign trade deficit widened significantly, growing by 38.8% to $8.173 billion in June 2025, with the export-to-import coverage ratio dropping to 71.5% from 76.4% in June 2024. For January-June 2025, the trade deficit increased by 16.3% to $49.437 billion, with the coverage ratio at 72.7%, down from 74.8% in the same period last year.

Manufacturing industries accounted for 94.8% of total exports in June 2025, followed by agriculture, forestry, and fishing at 2.9%, and mining and quarrying at 1.7%. For the first half of 2025, manufacturing held a 94.2% share, with agriculture at 3.6% and mining at 1.6%. On the import side, intermediate goods comprised 67.6% of total imports in June, with capital goods at 14.6% and consumption goods at 17.6%. For January-June, these figures were 69.7%, 13.9%, and 16.3%, respectively.

High-tech products made up 3.0% of manufacturing exports and 10.0% of manufacturing imports in June 2025. For the first half of the year, these ratios were 3.5% and 10.9%, respectively, highlighting Türkiye's reliance on imported high-tech goods.

Germany remained Türkiye’s top export destination in June 2025, with $1.728 billion, followed by the United Kingdom ($1.266 billion), the United States ($1.197 billion), Italy ($1.070 billion), and France ($890 million). These five countries accounted for 30.0% of total exports. For January-June, Germany led with $10.915 billion, followed by the UK, US, Italy, and Iraq, representing 29.8% of exports.

China was the leading source of imports in June 2025 at $3.831 billion, followed by Russia ($3.316 billion), Germany ($2.698 billion), the US ($1.468 billion), and Switzerland ($1.117 billion), making up 43.3% of total imports. For the first half of 2025, China topped the list with $23.956 billion, followed by Russia, Germany, the US, and Italy, accounting for 42.3% of imports.

Seasonally and calendar-adjusted data showed a 6.1% decrease in exports and a 1.8% increase in imports in June 2025 compared to the previous month. Calendar-adjusted figures, however, indicated a 3.6% rise in exports and a 9.6% rise in imports compared to June 2024.Under the special trade system, exports reached $18.408 billion in June 2025, up 7.7%, while imports grew by 14.9% to $26.117 billion. The trade deficit under this system rose by 36.8% to $7.710 billion, with the export-to-import coverage ratio at 70.5%. For January-June 2025, exports were $119.362 billion (up 4.6%), imports were $168.775 billion (up 7.2%), and the trade deficit increased by 14.3% to $49.413 billion, with a coverage ratio of 70.7%.

The data underscores Türkiye’s growing trade activity, driven by manufacturing and key global partnerships, though the widening trade deficit signals challenges in balancing import and export growth. (ILKHA)