Turkey’s trade deficit widened to $7.34 billion in July 2026 from $6.46 billion in the same month a year ago, roughly in line with preliminary data. Imports grew 5.1% year-on-year to $33.0 billion, driven by an 11.8% rise in intermediate goods, while capital goods (-11.5%) and consumer goods (-1.3%) declined. The top import sources were China (15.3%), Russia (9.8%), Germany (7.6%), the US (5.7%) and Italy (4.7%). Meanwhile, exports grew at a milder 2.9% year-on-year to $25.62 billion, led by a 1.7% increase in manufacturing exports. Exports of agriculture, forestry and fishing (39.6%) and mining and quarrying (11.3%) also went up. The main export partners were Germany (8.0%), the US (6.6%), the UK (5.3%), Iraq (4.3%), and Italy (4.3%). In the first seven months of the year, the trade deficit widened to $60.55 billion from $55.92 billion last year.