Provisional foreign trade data for July, prepared jointly by the Turkish Statistical Institute and the Ministry of Trade, were released.
Under the General Trade System, exports rose 2.9% in July from the same month a year earlier to $25.623 billion. Imports increased 5.1% to $32.966 billion.
The foreign trade deficit rose 13.6% year on year in July, from $6.463 billion to $7.343 billion. The export-to-import coverage ratio fell to 77.7% in July 2025 from 79.4%.
Seven-month deficit reaches $60.545 billion
Exports totaled $161.539 billion in the January–July period, up 3.4% from the same period a year earlier. Imports also increased 4.7% to $222.085 billion.
During this period, the foreign trade deficit rose 8.3% from $55.923 billion to $60.545 billion. The export-to-import coverage ratio fell to 72.7% from 73.6% in the January–July 2025 period.
Deficit excluding energy and gold stands at $2.407 billion
Excluding energy products and non-monetary gold, exports rose 3.1% in July to $23.788 billion. Imports on the same basis increased 3.6% to $26.194 billion.
The foreign trade deficit excluding energy products and non-monetary gold stood at $2.407 billion. Foreign trade volume on this basis rose 3.4% to $49.982 billion, while the export-to-import coverage ratio was 90.8%.
Manufacturing accounts for 94.4% of exports
Manufacturing accounted for 94.4% of exports in July. Agriculture, forestry and fishing accounted for 3%, while mining and quarrying accounted for 1.8%.
In the January–July period, manufacturing accounted for 93.9% of exports, agriculture, forestry and fishing for 3.6%, and mining and quarrying for 1.8%.
In July, intermediate goods accounted for 69.4% of imports, capital goods for 14.5%, and consumer goods for 16%. Over the seven-month period, the corresponding shares were 71.2%, 14% and 14.4%.
Germany leads exports, China tops imports
Germany ranked first in exports in July with $2.042 billion. It was followed by the United States with $1.683 billion, the United Kingdom with $1.349 billion, Iraq with $1.113 billion and Italy with $1.110 billion.
Exports to the top five countries accounted for 28.5% of total exports. Germany also ranked first in the January–July period with $13.286 billion, followed by the United States with $10.164 billion, the United Kingdom with $9.429 billion, Italy with $8.347 billion and France with $6.638 billion.
The top five countries accounted for 29.6% of total exports during the seven-month period.
China ranked first in imports in July with $5.040 billion. Russia followed with $3.232 billion, Germany with $2.521 billion, the United States with $1.889 billion and Italy with $1.553 billion.
Imports from the top five countries accounted for 43.2% of total imports. In the January–July period, imports totaled $31.350 billion from China, $24.174 billion from Russia, $16.003 billion from Germany, $11.500 billion from the United States and $8.803 billion from Italy.
The top five countries accounted for 41.3% of total imports during this period.
Adjusted data
According to the seasonally and calendar-adjusted series, exports rose 2.6% in July from the previous month, while imports fell 7.2%. In the calendar-adjusted series, exports rose 2.9% and imports 5.1% from the same month a year earlier.
Share of high-tech products
According to the ISIC Rev. 4 classification, manufacturing products accounted for 94.4% of total exports in July. High-tech products accounted for 4.4% of manufacturing exports.
In the January–July period, manufacturing products accounted for 93.9% of total exports, while high-tech products accounted for 3.7% of manufacturing exports.
In July, manufacturing products accounted for 82.2% of total imports, while high-tech products accounted for 12.7% of manufacturing imports. During the seven-month period, the corresponding shares were 79.9% and 12.1%.
Special Trade System data
Under the Special Trade System, exports rose 2.4% in July from the same month a year earlier to $23.156 billion, while imports increased 3.5% to $30.400 billion.
Under this system, the foreign trade deficit rose 7.1% from $6.762 billion to $7.243 billion. The export-to-import coverage ratio fell to 76.2% from 77% in July 2025.
Under the Special Trade System, exports rose 4.1% to $147.697 billion in the January–July period, while imports increased 5.6% to $209.175 billion.
During this period, the foreign trade deficit rose 9.4% from $56.215 billion to $61.479 billion. The export-to-import coverage ratio fell to 70.6% from 71.6% in the January–July 2025 period.
