Imports up 15.2% on annual basis in June, amounting to trade deficit of $8.17B
Turkish exports posted a rise of 7.9% on an annual basis to $20.51 billion in June, according to data from the Turkish Statistical Institute (TurkStat) on Thursday.
Türkiye's imports also rose 15.2% year-on-year to $28.68 billion in June, resulting in a trade deficit of $8.17 billion, up 38.8%.
Excluding energy and non-monetary gold, the foreign trade deficit was $3.58 billion, the data showed.
In June, the ratios of the manufacturing industries products sector, agriculture, forestry and fishing sector, and the mining and quarrying sector in total exports were 94.8%, 2.9%, and 1.7%, respectively.
High-tech's share in the manufacturing side was at 3%, and medium-high tech's share was at 41.2% in June.
The top destination country for Turkish exports was Germany with $1.73 billion, followed by the UK with $1.26 billion and the US with $1.20 billion.
China was the top source of imports to Türkiye with $3.83 billion, followed by Russia with $3.31 billion and Germany with $2.7 billion.
In January-June, the country's exports totaled $131.4 billion, up 4.1%, and imports were at $180.84 billion, up 7.2%.
The foreign trade deficit in the six-month period was at $49.43 billion, up 16.3% compared to the same period of 2024.
