Turkey’s trade deficit widened to USD 9.0 billion in February 2026 from USD 7.8 billion in the same month last year. Imports rose 5.5% year-on-year to USD 30.1 billion, driven by higher purchases of capital goods (+15.8%), intermediate goods (+4.7%), and other goods (+168.3%). China remained the top import source, accounting for 13.7%, followed by Russia (8.3%), Germany (7.3%), Switzerland (5.6%), and the US (4.5%), together making up 39.5% of total imports.
Meanwhile, exports increased at a slower 1.5% to USD 21.0 billion, supported by gains in mining and quarrying (+7.3%) and manufacturing, which accounted for 93.8% of total exports. Germany remained the top export destination (8.8%), followed by the UK (5.9%), US (5.9%), Italy (5.3%), and France (4.4%), together comprising 30.3% of exports. In the January–February period, exports fell 1.3% to USD 41.4 billion, while imports rose 2.8% to USD 58.8 billion, pushing the trade deficit up 13.8% year-on-year to USD 17.4 billion.
