Turkey's trade balance showed a marginal improvement in December 2024, with the deficit decreasing from -8.82 billion USD to -8.78 billion USD. This development signals a slight easing in the country's trade dynamics, though the deficit remains substantial.
The data, which was updated on January 31, 2025, indicates that while Turkey continues to face challenges in balancing its imports and exports, the small reduction in its trade deficit could hint at positive adjustments in trade policies or a shift in international trade relations.
Economists will be watching closely to see if this trend continues into 2025 as Turkey seeks to strengthen its economic position against a backdrop of complex global trade environments.
