Alarm bells for the foreign trade deficit! It exceeded 8 billion dollars in June.

Alarm bells for the foreign trade deficit! It exceeded 8 billion dollars in June.

31.07.2025 12:01

According to the data released by TÜİK and the Ministry of Trade, the foreign trade deficit in June 2025 increased by 38.8% compared to the previous year. Exports rose to 20.5 billion dollars, while imports increased to 28.6 billion dollars. In the first six months, the foreign trade deficit exceeded 49.4 billion dollars. Exports to Germany increased, while imports from China reached a record high.

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The Turkish Statistical Institute (TÜİK) and the Ministry of Trade announced that, according to the provisional foreign trade data, the foreign trade deficit in June 2025 increased by 38.8% to reach 8.1 billion dollars. Exports rose by 7.9% compared to the same month last year, reaching 20.5 billion dollars, while imports increased by 15.2% to 28.6 billion dollars.



In the same month, the ratio of exports to imports decreased from 76.4% to 71.5%. In the January-June period, the total foreign trade deficit increased by 16.3% to reach 49.4 billion dollars. During this period, exports were recorded at 131.4 billion dollars, and imports at 180.8 billion dollars.



TABLE EXCLUDING ENERGY AND GOLD IS MORE BALANCED



In June, when energy and non-monetary gold were excluded, exports increased by 8.1% to 19 billion dollars, while imports rose by 16.9% to 22.5 billion dollars. When these items are excluded, the foreign trade deficit was 3.5 billion dollars, and the ratio of exports to imports was 84.1%.



THE WEIGHT OF MANUFACTURING INDUSTRY IN FOREIGN TRADE CONTINUES



In June, 94.8% of the exports were composed of manufacturing industry products. The share of agriculture, forestry, and fishing was calculated as 2.9%, while the share of mining and quarrying was 1.7%. In the same period, 67.6% of imports consisted of intermediate goods, 14.6% of capital goods, and 17.6% of consumer goods.



GERMANY LEADS IN EXPORTS, CHINA TOPS IN IMPORTS



In June, the country with the highest exports was Germany, with 1.7 billion dollars. It was followed by the United Kingdom, the USA, Italy, and France. In imports, China ranked first with 3.8 billion dollars, followed by Russia, Germany, the USA, and Switzerland. The exports to the top 5 countries accounted for 30% of the total, while 43.3% of imports were from these countries.



HIGH-TECH PRODUCTS REMAIN LIMITED



In June, high-tech products constituted 3% of exports, while this ratio was 10% in imports. In the first half of the year, the share of high-tech products in exports was recorded as 3.5%, and in imports as 10.9%.



THE TABLE IS SIMILAR ACCORDING TO THE SPECIAL TRADE SYSTEM



When evaluated under the Special Trade System, in June, exports increased by 7.7% to 18.4 billion dollars, while imports rose by 14.9% to 26.1 billion dollars. During this period, the foreign trade deficit increased by 36.8% to 7.7 billion dollars, while the ratio of exports to imports fell to 70.5%. In the January-June period, the foreign trade deficit increased by 14.3% to 49.4 billion dollars.



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