Türkiye’s 12-month exports hit record $278B

Türkiye’s exports reached a record $278 billion on a 12‑month rolling basis, Trade Minister Ömer Bolat said Friday. “As of the last 12 months, we have reached $278 billion in exports for the first time,” Bolat said during a press conference in Istanbul. The country’s exports in June rose 21.9% year‑on‑year to $24.94 billion, marking the highest June export figure on record, while imports increased 23.1% to $35.32 billion, according to Trade Ministry data.

Trade volume and deficit

Bolat added that Türkiye’s annualised goods and services exports surpassed $400 billion as of the end of June for the first time in the country’s history. Foreign trade volume climbed 22.6% year‑on‑year to $60.26 billion in June, while the trade deficit widened 26.3% to $10.38 billion. The export‑to‑import coverage ratio slipped 0.8 percentage points to 70.6%. In the January‑June period, exports rose 3.6% year‑on‑year to $136.06 billion, while imports rose 4.6% to $189.15 billion.

Top partners and sectors

Germany was Türkiye’s top export destination in June with $1.97 billion, followed by the US ($1.54 billion) and Italy ($1.36 billion). China was the largest source of imports with $5.28 billion, followed by Russia ($2.66 billion) and Germany ($2.47 billion). The EU remained Türkiye’s largest export market with $10.74 billion and also its largest import source with $10.49 billion. Intermediate goods accounted for $13.35 billion in exports and $25.22 billion in imports, while manufacturing made up 93.7% of exports and 81.3% of imports.