Turkey January 2026 Trade Deficit $8.4 Billion

Overall View In January 2026, Turkey exported $20.315 billion and imported $28.695 billion, resulting in a trade deficit of $8.4 billion.
The export‑to‑import coverage ratio stood at 70.8%, and the deficit grew 11.6% year‑on‑year to $8.4 billion.
Energy and Gold Excluded Excluding energy products and non‑monetary gold, exports were $19.107 billion and imports $21.907 billion, yielding a deficit of $2.8 billion and a coverage ratio of 87.2%.
Import Structure Imports comprised 72.1% intermediate goods, 14.3% capital goods, and 13.1% consumer goods.
Country Distribution Top five export destinations were Germany ($1.78 billion), the United Kingdom ($1.285 billion), the United States ($1.216 billion), Italy ($1.049 billion), and Iraq ($0.9 billion), accounting for 30.7% of total exports.
Top five import sources were China ($4.283 billion), Russia ($3.78 billion), Germany ($1.87 billion), the United States ($1.812 billion), and Switzerland ($1.273 billion), representing 42.9% of total imports.
Technology Concentration Manufacturing industry products made up 92.7% of exports and 78.2% of imports.
High‑technology goods accounted for 3.3% of exports and 12.9% of imports.
Special Trade System Under the Special Trade System, exports were $18.635 billion and imports $27.533 billion, raising the deficit to $8.897 billion—a 16.6% increase—and lowering the coverage ratio to 67.7%.
This highlights the need for strategic measures to improve Turkey’s trade balance.