Overall Trade According to joint data from the Turkish Statistical Institute (TÜİK) and the Ministry of Trade, Turkey exported $20.315 billion and imported $28.695 billion in January 2026.
These figures pushed the trade deficit from $7.511 billion in December 2025 to $8.380 billion, an 11.6% increase.
Energy‑Excluded Data Excluding energy products and non‑monetary gold, exports were $19.492 billion and imports $20.814 billion, resulting in a deficit of $2.800 billion.
The total trade volume was $41.014 billion, with the energy‑excluded export‑to‑import coverage ratio at 87.2 %.
Import Composition Intermediate goods: 72.1 % Capital goods: 14.3 % Consumer goods: 13.1 % The top five import sources accounted for 42.9 % of total imports.
Export Destinations Germany: $1.780 billion United Kingdom: $1.285 billion United States: $1.216 billion Italy: $1.049 billion Iraq: $0.900 billion These five markets represented 30.7 % of total exports.
Import Sources China: $4.283 billion Russia: $3.780 billion Germany: $1.870 billion United States: $1.812 billion Switzerland: $1.273 billion Year‑on‑Year Comparison The export‑to‑import coverage ratio fell from 73.8 % in January 2025 to 70.8 % in January 2026, contributing to the widening deficit.
Turkey's trade deficit rises 11.6% to $8.38 billion in January 2026
Turkey's trade deficit increased by 11.6% to $8.38 billion in January 2026.
Sources
- Bloomberght · baglanti