Financial News: Turkish Trade Gap Narrows In July

Turkish Trade Gap Narrows In July

08/28/2025 - 04:30:00 (RTTNews)

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

The trade deficit narrowed to $6.44 billion in July from $7.31 billion in the same month last year. The shortfall totaled $8.21 billion in June.

Excluding energy products and non-monetary gold, the foreign trade shortfall was $2.18 billion.

Exports registered an annual increase of 11.0 percent, and imports rose by 5.4 percent.

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

Separate official data showed that Turkey's economic confidence index improved to 97.9 in August from 96.3 in July. The morale strengthened in consumers, manufacturing, services, and retail trade.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Govt Has Started To Fire Federal Workers (45 min(s), 57 sec(s) ago)
(RTTNews) - The U.S. government has started to layoff federal employees, the Office of Management ...Full Story»

U.S. Consumer Sentiment Virtually Unchanged In October (11 min(s), 57 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed its reading on U.S. c ...Full Story»

Latvia Trade Deficit Narrows In August (29 min(s), 57 sec(s) ago)
(RTTNews) - Latvia's foreign trade deficit decreased in August from a year ago, as exports gre ...Full Story»

Turkey Retail Sales Growth Eases To 12.2% (12 min(s), 57 sec(s) ago)
(RTTNews) - Turkey's retail sales growth moderated for the third straight month in August, tho ...Full Story»

Slovakia Industrial Output Shrinks Most In 17 Months (51 min(s), 57 sec(s) ago)
(RTTNews) - Slovakia's industrial production decreased at the steepest pace in nearly one-and- ...Full Story»

Swiss Consumers Less Pessimistic In September (57 min(s), 57 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained slightly less negative in September, survey ...Full Story»

Portugal Inflation Confirmed At 2.4% (04 min(s), 57 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased as initially estimated in September to t ...Full Story»

Romania Q2 GDP Growth Unrevised At 0.3% (06 min(s), 57 sec(s) ago)
(RTTNews) - Romania's economic growth held steady in the second quarter, confirming the previo ...Full Story»