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Türkiye’s Trade Balance Shows Signs of Improvement
(MENAFN) At a press briefing in Ankara, Trade Minister Omer Bolat announced that exports in May fell 9.3% year-on-year to $22.5 billion, while imports decreased 10.7% to $28.1 billion.
Bolat explained that the sharper decline in imports compared to exports supported an improvement in the trade balance, despite calendar effects and public holidays weighing on export activity. He recalled, “In May 2025, we broke the republic’s monthly export record with $24.8 billion. Public holidays in May naturally had a negative impact on exports, but they also reduced imports and the foreign trade deficit.”
Between January and May, Türkiye’s exports edged up 0.3% to $111.2 billion, while imports rose 1.2% to nearly $154 billion. The total foreign trade volume reached $265 billion, with the export-import coverage ratio standing at 72.2%.
Bolat noted that annualized exports reached $273.5 billion, while annualized imports increased 4.2% to $367.2 billion. This left the annualized foreign trade deficit at $93.65 billion, only $1.45 billion higher than the level recorded at the end of 2025. He added, “However, we will make the real assessment after completing the first half of the year.”
The annualized export-import coverage ratio was reported at 74.5%, reflecting a modest improvement in Türkiye’s trade dynamics.
Bolat explained that the sharper decline in imports compared to exports supported an improvement in the trade balance, despite calendar effects and public holidays weighing on export activity. He recalled, “In May 2025, we broke the republic’s monthly export record with $24.8 billion. Public holidays in May naturally had a negative impact on exports, but they also reduced imports and the foreign trade deficit.”
Between January and May, Türkiye’s exports edged up 0.3% to $111.2 billion, while imports rose 1.2% to nearly $154 billion. The total foreign trade volume reached $265 billion, with the export-import coverage ratio standing at 72.2%.
Bolat noted that annualized exports reached $273.5 billion, while annualized imports increased 4.2% to $367.2 billion. This left the annualized foreign trade deficit at $93.65 billion, only $1.45 billion higher than the level recorded at the end of 2025. He added, “However, we will make the real assessment after completing the first half of the year.”
The annualized export-import coverage ratio was reported at 74.5%, reflecting a modest improvement in Türkiye’s trade dynamics.
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