Turkish Trade Minister Ömer Bolat announced data regarding Turkey's foreign trade performance for July. According to the trade ministry's data, July exports rose by 2.9% year-on-year to $25.6 billion, marking the highest July figure ever recorded and the second-highest monthly export figure of all time.
25.6 billion USD
Turkey's export value in July
The trade ministry's data also indicated that imports for July rose by 5.2% year-on-year to $33 billion. For the first seven months of the year, the data showed exports rose by 3.4% year-on-year to $161.6 billion, while imports increased by 4.7% to $222.1 billion.
According to the trade ministry's data, annualized exports reached $278.6 billion and annualized imports reached $375.3 billion. Additionally, annualized goods and services exports reached $401.1 billion as of July.
Regarding the 2026 Medium-Term Program (OVP), the trade ministry's data showed that 57.3% of the export target had been realized as of the end of July. The data further calculated that an additional export increase of $3.4 billion is required in the remaining period to reach the year-end target.
Updates
Trade Minister Ömer Bolat reported that Turkey's total foreign trade volume rose 4.1% to $58.6 billion in July, while the foreign trade deficit widened by 14% to $7.37 billion from $6.46 billion in July 2025. The export-to-import coverage ratio declined to 77.7%, though it reached 90.8% when excluding energy and gold. For the January-July period, the total trade volume hit $383.7 billion, accompanied by an 8.2% increase in the seven-month foreign trade deficit to $60.5 billion.
Trade Minister Ömer Bolat announced that Turkey's foreign trade volume expanded by 4.1% to $58.6 billion in July, while the foreign trade deficit widened by 14% to $7.37 billion from $6.46 billion in July 2025. The export-to-import coverage ratio declined to 77.7%, though it stood at 90.8% when excluding energy and gold. For the January-July period, the total trade volume rose to $383.7 billion, with the seven-month foreign trade deficit increasing by 8.2% to $60.5 billion.
Trade Minister Ömer Bolat announced that Turkey's total foreign trade volume grew by 4.1% to $58.6 billion in July, while the foreign trade deficit widened by 14% to $7.37 billion from $6.46 billion in July 2025. The export-to-import coverage ratio declined by 1.7 percentage points to 77.7% in July, though it stood at 90.8% when excluding energy and gold. For the January-July period, the total trade volume reached $383.7 billion, with the seven-month foreign trade deficit increasing by 8.2% to $60.5 billion.
Trade Minister Ömer Bolat announced that Turkey's foreign trade volume expanded by 4.1% to $58.6 billion in July, while the foreign trade deficit widened 14% to $7.37 billion from $6.46 billion in July 2025. The export-to-import coverage ratio declined to 77.7%, though it stood at 90.8% when excluding energy and gold. For the January-July period, the total trade volume reached $383.7 billion with a seven-month foreign trade deficit of $60.5 billion, marking an 8.2% increase.
Trade Minister Ömer Bolat announced that Turkey's total foreign trade volume rose by 4.1% to $58.6 billion in July, while the foreign trade deficit widened by 14% to $7.37 billion from $6.46 billion in July 2025. The export-to-import coverage ratio declined by 1.7 percentage points to 77.7% in July, though it stood at 90.8% when excluding energy and gold. For the January-July period, the total trade volume reached $383.7 billion with a seven-month trade deficit that increased 8.2% to $60.5 billion.
Trade Minister Ömer Bolat reported that Turkey's foreign trade volume expanded by 4.1% to $58.6 billion in July, while the foreign trade deficit widened by 14% to $7.37 billion from $6.46 billion in July 2025. The export-to-import coverage ratio fell to 77.7%, though it stood at 90.8% when excluding energy and gold. Additionally, for the January-July period, the total trade volume reached $383.7 billion with the seven-month foreign trade deficit increasing by 8.2% to $60.5 billion.
Trade Minister Ömer Bolat stated that Turkey's total foreign trade volume reached $58.6 billion in July, a 4.1% expansion, while the trade deficit widened by 14% to $7.37 billion from $6.46 billion in July 2025. The export-to-import coverage ratio fell to 77.7%, though this figure stood at 90.8% when excluding energy and gold. For the January-July period, the seven-month foreign trade deficit grew by 8.2% to $60.5 billion amid a total trade volume of $383.7 billion.
Trade Minister Ömer Bolat announced that Turkey's foreign trade volume expanded by 4.1% to $58.6 billion in July, while the foreign trade deficit widened by 14% to $7.37 billion from $6.46 billion in July 2025. The export-to-import coverage ratio declined by 1.7 percentage points to 77.7% in July, though it stood at 90.8% when excluding energy and gold. For the January-July period, the total trade volume rose to $383.7 billion and the foreign trade deficit increased by 8.2% to $60.5 billion.
Trade Minister Ömer Bolat announced that Turkey's total foreign trade volume expanded by 4.1% to $58.6 billion in July, while the foreign trade deficit widened by 14% to $7.37 billion from $6.46 billion in July 2025. The export-to-import coverage ratio declined by 1.7 percentage points to 77.7% in July, though it stood at 90.8% when excluding energy and gold. For the January-July period, the seven-month foreign trade deficit rose by 8.2% to $60.5 billion amid a total trade volume of $383.7 billion.
Turkish Trade Minister Ömer Bolat reported that July’s foreign trade volume reached $58.6 billion, up 4.1% year-on-year, with the deficit widening to $7.37 billion from $6.46 billion; the export-to-import coverage ratio fell to 77.7%, while excluding energy and gold, it stood at 90.8%—down 0.5 percentage points from last year—and the January-July trade deficit climbed to $60.5 billion, with annualized figures showing a $96.8 billion deficit and $653.9 billion total trade volume.
Following the initial report, Trade Minister Ömer Bolat revealed that July’s foreign trade volume reached $58.6 billion (up 4.1% year-on-year), with the deficit widening to $7.37 billion from $6.46 billion a year earlier, while the export-to-import coverage ratio fell to 77.7%—down 1.7 percentage points—and dropped to 90.8% excluding energy and gold, from 91.3% in July 2025.
