Turkey’s trade deficit widened to USD 9.4 billion in December 2025 from USD 8.8 billion in the same month last year, according to preliminary data from the Trade Ministry. This marked the largest trade shortfall since April. Exports rose 12.8% to USD 26.4 billion, driven by higher sales of investment goods (+33.9%), raw materials (+6.4%), consumer goods (+1.3%), and other goods (+217.1%). Top export destinations included Germany, accounting for 6.7% of total exports, followed by the US (5.9%), the UK (5.7%), and Iraq (5.1%). Meanwhile, imports increased 11.2% to USD 35.8 billion, reflecting higher purchases of investment goods (+38.6%), raw materials (+6.3%), consumer goods (+6.8%), and other goods (+110.3%). China remained the largest import source with a 13% share, followed by Russia (10.4%), Germany (8.4%), and the US (5.7%). For the full year of 2025, Turkey recorded a trade deficit of USD 92.0 billion, compared with USD 82.2 billion in the previous year.