Official figures released by the Turkish Statistical Institute and the Trade Ministry showed that exports climbed 21.7% year-on-year to $24.92 billion in June. Imports also increased, rising 23% to $35.29 billion during the same period.
The monthly foreign trade deficit expanded to $10.37 billion, while the export-to-import coverage ratio stood at 70.6%, slightly below the level recorded a year earlier.
Key markets and export structure
Manufacturing remained the backbone of Türkiye’s export economy, accounting for 93.7% of total overseas shipments. Agricultural products represented 3.5%, while mining and quarrying contributed 2%.
Germany remained Türkiye’s largest export destination in June, followed by the United States, Italy, the United Kingdom and Spain. On the import side, China ranked first, ahead of Russia, Germany, the United States and Italy.
When energy products and non-monetary gold were excluded, exports rose 23.2% to $23.3 billion, while imports reached $28.02 billion, resulting in a narrower trade deficit.
First-half exports continue to grow
During the first six months of 2026, Türkiye’s exports increased 3.5% from the same period last year to $135.98 billion, while imports rose 4.6% to $189.12 billion. The January-June foreign trade deficit widened to $53.14 billion.
Annualized exports reached $277.9 billion by the end of June, an increase of $11 billion compared with the previous year. Exports of medium-high and high-technology products also advanced 8.4% to $56.2 billion in the first half of 2026.
Government targets higher exports
Trade Minister Omer Bolat said Türkiye remains committed to exceeding the Medium-Term Program’s export target of $282 billion despite geopolitical tensions, protectionist trade measures and weaker external demand.
He emphasized that strengthening industrial production, expanding high-value exports and diversifying international markets will remain central to Türkiye’s trade strategy.