Financial News: Turkey Trade Gap Widens In July

Turkey Trade Gap Widens In July

08/28/2026 - 07:45:00 (RTTNews)

(RTTNews) - Turkey's foreign trade deficit increased in July from a year ago as imports grew faster than exports, the Turkish Statistical Institute reported Friday.

The trade deficit rose to $7.3 billion in July from $6.5 billion in the same month last year. The shortfall totaled $10.4 billion in June.

Excluding energy products and non-monetary gold, the foreign trade shortfall was $2.41 billion.

Exports registered an annual growth of 2.9 percent, and imports were 5.1 percent higher.

During July, the main partner country for exports was Germany, followed by the USA, UK, Iraq, and Italy. The country imported more from China, Russia, and Germany.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Economic Confidence Improves To 7-Month High (11 min(s), 28 sec(s) ago)
(RTTNews) - Eurozone economic confidence improved to a seven-month high in August driven by higher ...Full Story»

Swiss KOF Leading Indicator Strongest Since November 2021 (37 min(s), 28 sec(s) ago)
(RTTNews) - A measure signaling future turning points in the Swiss economy strengthened unexpected ...Full Story»

Turkey Trade Gap Widens In July (01 hr(s), 04 min(s), 28 sec(s) ago)
(RTTNews) - Turkey's foreign trade deficit increased in July from a year ago as imports grew f ...Full Story»

Italy Consumer Confidence Rises To 6-month High; Business Morale Improves Further (01 hr(s), 17 min(s), 28 sec(s) ago)
(RTTNews) - Corrects first para Confidence among Italian households remained less pessimistic ...Full Story»

Italy Consumer Confidence Rises To 6-month High; Business Morale Improves Further (01 hr(s), 35 min(s), 28 sec(s) ago)
(RTTNews) - Confidence among Italian households remained less pessimistic in July, and the confide ...Full Story»

France Narrowly Avoids Recession In Q2 (01 hr(s), 58 min(s), 28 sec(s) ago)
(RTTNews) - The French economy narrowly avoided recession in the second quarter as hot summer weig ...Full Story»

Norway Retail Sales Fall 0.7% In July (02 hr(s), 03 min(s), 28 sec(s) ago)
(RTTNews) - Norway's retail sales declined in July after rebounding in the previous month, pre ...Full Story»

German Import Price Inflation Accelerates (03 hr(s), 47 min(s), 28 sec(s) ago)
(RTTNews) - Germany's import price inflation accelerated in July as prices of intermediate goo ...Full Story»