FX.co ★ Turkey Trade Deficit Largest in 5 Months

In November 2025, Turkey's trade deficit expanded to USD 7.8 billion, an increase from USD 7.5 billion during the same month the prior year. This gap represented the most significant deficit since June. Imports grew by 2.6% from the previous year, reaching USD 30.5 billion, largely influenced by a rise in the purchase of intermediate goods (up by 1.5%), consumer goods (up by 3.6%), and capital goods (up by 13%). China, accounting for USD 4.2 billion, remained Turkey’s leading import partner, with Russia (USD 3.1 billion) and Germany (USD 2.5 billion) following closely. Concurrently, exports also climbed by 2.2%, reaching USD 22.7 billion, largely attributed to a notable 16.2% increase in the sales of capital goods. Germany was the largest export destination at USD 1.9 billion, followed by the United States (USD 1.5 billion) and the United Kingdom (USD 1.3 billion). Cumulatively, from January through November 2025, the trade deficit broadened to USD 82.5 billion, compared to USD 73.4 billion in the previous year's same period.