Türkiye's August 2025 Trade: Exports & Imports Fall, Coverage Ratio Improves
Türkiye's trade figures for August 2025 show a mixed picture. Exports and imports both fell year-on-year, but the export-import coverage ratio improved. Germany was the top destination for Turkish exports, while China led imports.
In August 2025, Türkiye's exports totalled $21.7 billion, a 1.2% decrease from the previous year. Imports fell by 3.9% to $25.94 billion. Despite the decrease, the export-import coverage ratio rose to 83.5%, up from 81.5% in August 2024.
Germany was the leading market for Turkish exports, with $1.77 billion, followed by the United States and the United Kingdom. China was the top source of imports, with $3.9 billion, followed by Russia and Germany.
Looking at the eight-month period from January to August 2025, exports rose by 4.3% to $178 billion, while imports increased by 5.6% to $238.1 billion. However, the foreign trade deficit widened by 9.7% to $60.14 billion during this period.
The government forecasts exports at $273.8 billion and imports at $367 billion for 2025, with a projected foreign trade deficit of $93.2 billion. For 2026, exports are expected to reach $282 billion, imports $378 billion, and the deficit is projected to be $96 billion. The mid-term program projects the current account deficit to be around -$2 billion in 2026. Excluding energy and non-monetary gold, Türkiye had a foreign trade surplus of $338 million in August 2025. However, the overall trade deficit in August was $4.2 billion, a 15.8% decrease from the previous year.
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