Turkey's trade deficit widened to USD 8.17 billion in June 2025 from USD 5.89 billion in the same month last year, as import growth outpaced exports. Imports climbed by 15.2% year-on-year to USD 28.69 billion, driven by increased purchases of intermediate goods (11.7%), consumption goods (32.2%), and capital goods (13.6%). Key import sources were China (13.4%), Russia (11.6%), and Germany (9.4%). Meanwhile, exports grew by 7.9% to USD 20.52 billion, supported by higher sales of manufacturing (8.5%) and mining and quarrying (14%) products. However, exports of agriculture, forestry, and fishing declined (-13.5%). Germany remained the top export market (8.4%), followed by the UK (6.2%) and the US (5.8%). Turkey is currently subject to Trump’s 10% baseline tariffs and may face higher duties of 15% to 20%, which could significantly impact its exports. In the first half of 2025, the trade deficit expanded to USD 49.44 billion from USD 42.50 billion in the corresponding period a year ago.