In a notable shift, Turkey's trade deficit narrowed significantly in May 2025, according to the latest data released by the Trade Ministry. The trade deficit dropped from a substantial -12.80 billion in April to -6.50 billion in May, as reported on June 2, 2025.
This significant reduction indicates a positive movement in Turkey's trade balance, suggesting increased exports, reduced imports, or a combination of both. The change could have multiple implications for Turkey's domestic economy, potentially easing pressure on the national currency and improving foreign investors' confidence.
Analysts are closely observing the factors contributing to this marked improvement, considering both global and domestic economic conditions. The latest figures may encourage policymakers and businesses to capitalize on this trend and explore new strategies for sustaining and further improving the country's trade balance in the following quarters.
