Türkiye's exports increased by 21.7% year-on-year in June 2026, reaching $24.9 billion, while imports climbed 23.0% to $35.3 billion, resulting in a wider foreign trade deficit, the Turkish Statistical Institute (TurkStat) and the Ministry of Trade said in a statement on Friday.

The data showed that exports totaled $24.915 billion in June, up from the same month a year earlier, while imports rose to $35.285 billion, reflecting strong trade activity despite a widening gap between exports and imports.

As a result, the country's foreign trade deficit expanded by 26.2% year-on-year to $10.37 billion in June. The export-to-import coverage ratio declined slightly to 70.6%, compared with 71.4% in June 2025.

During the first six months of 2026, exports increased 3.5% to $135.98 billion, while imports rose 4.6% to $189.12 billion compared with the same period last year.

The January-June foreign trade deficit widened by 7.4% to $53.14 billion, with the export coverage ratio easing to 71.9% from 72.6% a year earlier.

Excluding energy products and non-monetary gold, exports increased 23.2% in June to $23.302 billion, while imports rose 24.3% to $28.016 billion.

The foreign trade deficit excluding energy and non-monetary gold stood at $4.713 billion, while the total foreign trade volume in this category reached $51.318 billion, marking a 23.8% annual increase. The export-to-import coverage ratio for these goods was 83.2%.

Manufacturing remained the dominant contributor to Türkiye's exports, accounting for 93.7% of total exports in June. Agriculture, forestry and fishing represented 3.5%, while mining and quarrying made up 2.0%.

On the import side, intermediate goods continued to dominate, representing 71.4% of total imports in June. Capital goods and consumption goods each accounted for 14.2%.

Germany remained Türkiye's largest export market in June, with exports totaling $1.971 billion. The United States followed with $1.539 billion, ahead of Italy ($1.352 billion), the United Kingdom ($1.258 billion) and Spain ($1.117 billion). Together, the five countries accounted for 29.0% of Türkiye's total exports during the month.

China retained its position as Türkiye's largest source of imports, with imports valued at $5.276 billion. Russia ranked second at $3.673 billion, followed by Germany ($2.463 billion), the United States ($1.872 billion) and Italy ($1.384 billion). The top five suppliers accounted for 41.6% of total imports in June.

Seasonally and calendar-adjusted data showed that exports decreased 1.8% compared with May, while imports increased 7.1% over the same period. On a calendar-adjusted basis, exports rose 7.9% and imports 8.7% compared with June 2025.

High-technology products accounted for 4.4% of manufacturing exports in June, while high-tech products represented 12.1% of manufacturing imports, highlighting Türkiye's continued reliance on imported advanced technology.

According to the special trade system, exports reached $22.72 billion in June, up 23.8% year-on-year, while imports increased 27.1% to $33.193 billion. Under this system, the monthly foreign trade deficit expanded 34.9% to $10.473 billion, with the export-to-import coverage ratio falling to 68.4%.

For the January-June period under the special trade system, exports totaled $124.604 billion, an increase of 4.4%, while imports rose 5.9% to $178.777 billion. The foreign trade deficit widened 9.5% to $54.173 billion, and the export coverage ratio stood at 69.7%. (ILKHA)