Turkey’s trade deficit widened sharply to USD 11.2 billion in March 2026 from USD 7.2 billion in the same month last year. This marks the largest trade gap since April 2025, as imports advanced 8.2% year-on-year to USD 33.1 billion, driven by higher purchases of capital goods (+7.8%), intermediate goods (+11.2%), and other goods (+249.6%). China remained the top import source, accounting for 14.4%, followed by Russia (10.6%), Germany (7.7%), and Switzerland (4.9%). Meanwhile, exports declined 6.4% to USD 21.9 billion, as sales fell in agriculture, forestry, and fishing (-5.6%) and manufacturing (-6.8%). Germany remained the top export destination, holding an 8.3% share of total outbound shipments, followed by the UK (6.5%), US (6.3%), Italy (5.6%), and France (4.5%). In the first three months of the year, the trade deficit rose to USD 28.7 billion from USD 22.5 billion in the corresponding period last year, as exports fell 3.2% while imports increased 4.7%.

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