Turkey’s trade deficit widened to USD 8.35 billion in January 2026 from USD 7.51 billion in the same month last year, according to preliminary data from the Trade Ministry. Imports were slightly higher, up 0.03% year-on-year to USD 28.68 billion, as increased purchases of investment goods (+9.6%) and other goods (+195.4%) were offset by lower arrivals of raw materials (-1.0%) and consumer goods (-5.6%). The largest import sources were China (USD 4.28 billion), Russia (USD 2.94 billion), and the US (USD 2.87 billion), with the top 10 import partners covering 59.3% of total imports. Meanwhile, exports fell 3.9% to USD 20.33 billion, weighed by lower sales of raw materials (-4.4%) and consumer goods (-10.6%), while exports of capital goods (+5.8%) and other goods (+287.0%) rose. Top export destinations were Germany (USD 1.78 billion), the US (USD 1.22 billion), and the UK (USD 1.21 billion), with the top 10 export markets accounting for 47.8% of overall shipments.
