According to provisional foreign trade statistics published by the Ministry of Trade, Türkiye’s foreign trade volume decreased by 1.7% in January to USD 49.009 billion, while the foreign trade deficit increased by 11.2% to USD 8.352 billion.
The export-to-import coverage ratio decreased by 2.9% points year-on-year to 70.9%. Excluding energy, the ratio stood at 82.3%, and when both energy and gold were excluded, it increased to 87.3%.
Exports
By product group, the highest export value in January was recorded in raw materials (intermediate goods) at USD 10.236 billion, despite a 4.4% decline. Consumer goods exports decreased by 10.6% to USD 7.015 billion, while capital goods exports increased by 5.8% to USD 2.627 billion.
In terms of sectoral distribution, 92.7% of exports came from the manufacturing industry, 4.8% from agriculture, forestry and fishing, and 1.7% from mining and quarrying.
Germany was the top export destination in January with USD 1.780 billion, followed by the United States with USD 1.224 billion and the United Kingdom with USD 1.205 billion. The top 10 countries accounted for 47.8% of total exports.
By country groups, the European Union ranked first with USD 8.776 billion in exports, followed by the Near and Middle Eastern countries with USD 3.422 billion, and other European countries with USD 2.897 billion.
Imports
On the import side, raw material imports declined by 1% to USD 20.676 billion. Capital goods imports rose by 9.6% to USD 4.096 billion, while consumer goods imports decreased by 5.6% to USD 3.767 billion.
By sector, 78.3% of imports originated from the manufacturing industry, 14.4% from mining and quarrying, and 4.5% from agriculture, forestry and fishing.
In January, China was the largest source of imports at USD 4.283 billion, followed by Russia with USD 2.942 billion and the United States with USD 2.871 billion. The top 10 countries accounted for 59.3% of total imports.
By country groups, Asian countries ranked first in imports with USD 8.139 billion, followed by the European Union with USD 7.430 billion, and other European countries with USD 5.460 billion.
Annualized figures (February 2025 – January 2026)
According to 12-month rolling data under the GTS covering the February 2025–January 2026 period, exports increased by 3.7% compared to the previous period, reaching USD 272.529 billion, while imports rose by 5.5% to USD 365.379 billion.
During this period, foreign trade volume expanded by 4.7% to USD 637.908 billion, and the foreign trade deficit increased by 11.1% to USD 92.850 billion. The export-to-import coverage ratio for the annualized period was calculated at 74.6%.
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