Turkey’s December Trade Deficit Revised Slightly Lower

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Turkey’s trade deficit was slightly revised down to USD 9.3 billion in December 2025 from a preliminary estimate of USD 9.4 billion, widening from USD 8.8 billion in the same month of 2024.

This was the largest trade gap since April, despite exports rising more than imports.

Exports grew 12.7% year-on-year to USD 26.4 billion due to 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%).

Meanwhile, 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%).

Key import sources were China (13%), Russia (10.5%), Germany (8.5%), the US (5.7%), and Italy (4.5%).