Turkiye’s Exports Hit Record High

Turkish exporters set three records in July, including the highest-ever July shipments, annualized exports and total goods and services sales, Trade Minister Ömer Bolat saidon Monday.

Exports rose 2.9 percent year-over-year to $25.6 billion in July, the second-highest monthly total to date, Bolat told a press conference in Istanbul. Imports increased 5.2 percent to nearly $33 billion, official data showed.

The foreign trade deficit widened 14 percent to $7.37 billion, compared with $6.46 billion in July 2025.

Türkiye’s foreign trade volume expanded 4.1 percent to $58.6 billion.

The export-to-import coverage ratio declined by 1.7 percentage points to 77.7 percent.

Excluding energy and gold trade, the export-to-import coverage ratio stood at 90.8 percent in July. In the first seven months, exports grew 3.4 percent year-over-year to $161.6 billion, while imports rose 4.7 percent to $222.1 billion.

The January-July trade gap increased 8.2 percent to $60.5 billion. Total trade volume rose 4.1 percent to $383.7 billion.

The export-to-import coverage ratio stood at 72.8 percent, down from 73.6 percent in the same period last year.

Annualized exports reached an all-time high of $278.6 billion as of July, increasing 3.4 percent from the previous 12-month period, Bolat said.

Imports climbed 5 percent to $375.3 billion. The trade deficit rose 7.4 percent to $96.8 billion.