Turkey's Trade Deficit Surges to $10.4 Billion: Energy‑Exclusion Analysis

Turkey’s June 2026 trade deficit rose to $10,400,000,000, a %26.2 increase over the same month last year.

Energy‑Excluded Deficit Declines

Excluding energy products and non‑metallic gold, the trade deficit fell to $4,713,000,000. This aligns with a total trade volume of $51,318,000,000 and a trade‑balance coverage ratio of 70.6 %.

Export‑Import Dynamics

■Exports: $24,915,000,000 – a %21.7 rise from the same month last year.

■Imports: $35,285,000,000 – up %23.0.

■Seasonally adjusted: Exports dropped %1.8 while imports grew %7.1; calendar‑adjusted series saw imports climb %8.7.

Sector Shares: Manufacturing Dominance

■Manufacturing accounts for 93.7 % of exports (June), agriculture 3.5 %, mining 2.0 %.

■Manufacturing’s share of imports is 81.3 %; high‑tech products represent 4.4 % of exports and 12.1 % of imports.

Country‑Level Competition: Germany and China Lead

■Exports: Germany $1,971,000,000 tops the list; followed by the US $1,539,000,000.

■Imports: China $5,276,000,000 is first; Russia $3,673,000,000 second.

Year‑to‑Half‑Year Comparison

■From January‑June, the trade deficit increased from $49,460,000,000 to $53,140,000,000, a %7.4 rise.

■The export‑import coverage ratio fell from 72.6 % in 2025 to 71.9 % in 2026.

Markets view these figures as a signal of a persistent decline in Turkey’s trade balance and a strengthening of non‑energy sectors. The rise in high‑tech manufacturing exports to 4.4 % indicates growing competitive advantage, while the 12.1 % share of high‑tech imports highlights both opportunities and risks for the sector’s development.