Türkiye's Trade Balance Shifts as Exports Rise and Imports Surge

Türkiye's imports outpace exports due to strong domestic consumption. Meanwhile, a devastating earthquake in the Philippines leaves at least five dead.

, and Administrator

2025 October 1 . 12:36 PM

1 min read

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Türkiye's Trade Balance Shifts as Exports Rise and Imports Surge

Turkiye's trade balance has seen significant shifts in recent months. From January to August, exports rose by 4.3% to $178 billion, while imports increased by 5.6% to $238.1 billion. The country aims to reach $8 billion in e-exports by 2025, with a projected 25% growth. Meanwhile, a 6.9 magnitude earthquake has struck Palompon, Philippines, resulting in at least five deaths.

The increase in imports has put pressure on Turkiye's trade balance. This is largely due to strong domestic consumption and economic policies encouraging spending. In August, exports stood at $21.7 billion, a 1.2% decrease from the previous year. However, imports declined at a steeper pace of 3.9% to $25.94 billion, narrowing the trade deficit to $4.2 billion, a 15.8% decrease from the same month last year.

Consumer goods imports continued to grow, rising 2.7% annually to $4.3 billion in August. When excluding energy products and non-monetary gold, Turkiye recorded a foreign trade surplus of $338 million in August. China was the top source of imports at $3.9 billion, followed by Russia with $3.3 billion. Manufactured goods made up 94.9% of Turkiye's exports, with high-technology products accounting for 4.2%. Germany remained Turkiye's largest export market, with shipments valued at $1.8 billion in August.

Turkiye's trade figures show a complex picture, with imports outpacing exports due to domestic consumption and economic policies. The country aims to boost its e-exports to reach $8 billion by 2025. Meanwhile, the earthquake in the Philippines has caused significant loss of life, with at least five reported dead.