31 December 2025, 12:55  Turkey: Trade Gap Widens to 5-Month High.

Turkey's trade deficit widened to USD 8 billion in November 2025, from USD 7.5 billion in the corresponding month of the previous year, according to final estimates. It marked the largest trade shortfall since June, as imports grew 2.6% year-on-year to USD 30.5 billion, driven by higher purchases of capital goods (13%) and intermediate goods (1.3%). China (USD 4.2 billion) remained the top import source, followed by Russia (USD 3.1 billion) and Germany (USD 2.5 billion). Meanwhile, exports rose just 1.3% year-on-year to USD 22.5 billion, mainly attributed to increased sales of manufacturing (0.8%), agriculture, forestry, and fishing (7.4%), and mining and quarrying (18%). The top export destinations included Germany (USD 1.9 billion), the UK (USD 1.4 billion), and the US (USD 1.3 billion). From January to November 2025, the trade deficit widened to USD 82.7 billion, compared with USD 73.4 billion in the same period last year.

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