Türkiye's goods exports reached a record high for October, rising 8.1% year-on-year to $25.9 billion, Trade Minister Ömer Bolat said on Tuesday, as the country's annualized exports surpassed the government's target.

Annualized goods exports increased by $15.6 billion compared with October 2025 to reach $285.6 billion, exceeding the official target of $282 billion, Bolat said.

“ As of the end of October, total annualized goods and services exports rose to $413 billion,” Bolat said, adding that Türkiye had surpassed its $410 billion target.

Imports rose 3.4% year-on-year to $32.58 billion in October, according to the Trade Ministry's monthly foreign trade bulletin.

As a result, the foreign trade deficit narrowed by 11.4% from a year earlier to $6.7 billion.

During the January-October period, Türkiye's exports increased 5.5% year-on-year to $236.84 billion, while imports rose 5.1% to $314.5 billion.

The resulting trade deficit stood at $77.67 billion.

Germany was Türkiye's largest export market in October, accounting for $2.07 billion in shipments. The United States followed with $1.86 billion, while exports to the United Kingdom reached $1.38 billion.

China was Türkiye's biggest source of imports, with shipments worth $4.41 billion. Germany ranked second at $2.22 billion, followed by the United States with $1.77 billion.

By trading bloc, the European Union remained Türkiye's leading export destination, importing $10.4 billion worth of Turkish goods in October.

Near and Middle Eastern countries ranked second with $4.25 billion, followed by other European countries with $3.74 billion.

The October figures point to continued growth in Türkiye's export performance, with annualized goods and services exports exceeding the government's target ahead of the end of the year.  (ILKHA)