Financial News: Turkey Trade Gap Widens In April

Turkey Trade Gap Widens In April

05/29/2025 - 04:20:00 (RTTNews)

(RTTNews) - Turkey's foreign trade deficit rose in April as imports grew faster than exports, the Turkish Statistical Institute reported Thursday.

The trade deficit increased to $12.09 billion in April from $9.9 billion in the same month last year. The shortfall totaled $7.1 billion in March.

Excluding energy products and non-monetary gold, the foreign trade shortfall was $6.16 billion.

Exports registered an annual increase of 7.8 percent, and imports surged by 12.7 percent.

The main partner country for exports during April was Germany, followed by the UK, the USA, Italy, and France. Meanwhile, the top import source was China, followed by Russia and Germany.

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