{"id":673028,"date":"2026-09-04T23:36:27","date_gmt":"2026-09-04T23:36:27","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/673028\/"},"modified":"2026-09-04T23:36:27","modified_gmt":"2026-09-04T23:36:27","slug":"turkiyes-services-exports-hit-record-of-nearly-125-billion","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/673028\/","title":{"rendered":"T\u00fcrkiye’s services exports hit record of nearly $125 billion"},"content":{"rendered":"

T\u00fcrkiye’s services exports rose 6.5% in 2025 to a record $124.9 billion (TL 6.05 trillion), exceeding the government’s target and contributing significantly to financing the country’s current account deficit, the Trade Ministry said on Friday.<\/p>\n

The figure surpassed the previous year’s $117.3 billion and was also above the $122.6 billion reported earlier in the central bank’s balance of payments data, according to data from the Turkish Statistical Institute (TurkStat).<\/p>\n

Services imports increased 9.6% to $61.9 billion from $56.4 billion in 2024, leaving T\u00fcrkiye with a services trade surplus of $63 billion, up 3.6% from a year earlier.<\/p>\n

The result exceeded the government’s 2025 services exports target of $121 billion, the ministry said.<\/p>\n

“T\u00fcrkiye has reached its highest-ever services exports figure and set a new record,” the ministry said in a statement, adding that the country ranked 22nd globally in services exports.<\/p>\n

T\u00fcrkiye’s services exports have expanded significantly over the past two decades. They totaled $14 billion in 2002, accounting for 0.89% of global services exports, compared with $762 million and a 0.19% share in 1980.<\/p>\n

Global share rises<\/strong><\/p>\n

Between 2002 and 2025, T\u00fcrkiye’s services exports grew at an average annual rate of 10%, outpacing the World Bank’s reported 7.5% average annual growth in global services exports.<\/p>\n

T\u00fcrkiye ranked sixth globally among countries with a services trade surplus in 2025, according to the ministry.<\/p>\n

Travel services accounted for 48.1% of T\u00fcrkiye’s total services exports in 2025, broadly unchanged from 48% a year earlier.<\/p>\n

Transport services ranked second, although their share fell to 34.1% from 35.1%. Transport exports rose 3.5% to $42.57 billion in 2025 from $41.13 billion a year earlier.<\/p>\n

“Other business services” ranked third, accounting for 6.3% of total services exports.<\/p>\n

Telecommunications, computer and information services recorded one of the fastest rates of growth, with exports rising 25.3% year-over-year to $6.72 billion.<\/p>\n

On the import side, transport accounted for 32% of total services imports in 2025, down from 38.1% in 2024. Other business services increased its share to 16.9% from 16.1%, while travel services accounted for 14.5%.<\/p>\n

European Union top market<\/strong><\/p>\n

The European Union was T\u00fcrkiye’s largest trading bloc for services excluding travel in 2025.<\/p>\n

Services exports to EU countries totaled $25.33 billion, while exports to other European countries stood at $9.26 billion.<\/p>\n

Imports from the EU reached $24.73 billion, compared with $6.45 billion from other European countries.<\/p>\n

EU countries accounted for 37.9% of T\u00fcrkiye’s total services exports excluding travel and 45.3% of its services imports.<\/p>\n

The United States was T\u00fcrkiye’s largest individual market for services excluding travel, receiving $8.34 billion, or 12.9% of total exports. Germany followed with an 11.5% share, while Britain ranked third with 6.6%.<\/p>\n

The three countries together accounted for 31% of T\u00fcrkiye’s services exports excluding travel.<\/p>\n

Ireland was the largest source of services imports, with $6.67 billion, or 12.6% of the total. Britain followed with $4.80 billion, while the United States ranked third with $4.38 billion.<\/p>\n

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