Core Insights - Turkey's trade deficit expanded by 38.8% year-on-year in June, reaching $8.173 billion [1] - Exports increased by 7.9% year-on-year to $20.52 billion, while imports rose by 15.2% to $28.69 billion, indicating a faster growth in imports compared to exports [1] - The trade deficit excluding energy and non-monetary gold was $3.58 billion in June [1] Export Structure - In June, manufacturing products accounted for 94.8% of total exports, with agriculture, forestry, and fisheries at 2.9%, and mining and quarrying at 1.7% [1] - High-tech products made up 3% of manufacturing exports, while medium-high-tech products constituted 41.2% [1] Major Trade Partners - Germany was the largest export destination with $1.73 billion, followed by the UK and the US [2] - China emerged as Turkey's largest import source at $3.83 billion, highlighting the growing trade ties in electronics, machinery, photovoltaic equipment, and industrial raw materials [2] - Russia ranked second in imports, primarily for energy, especially natural gas and crude oil, while Germany was third with $2.7 billion, focusing on machinery, chemicals, and auto parts [2] Future Projections - By the first half of 2025, Turkey's total exports are projected to reach $131.4 billion, a 4.1% increase year-on-year, while imports are expected to hit $180.84 billion, a 7.2% increase [2] - The trade deficit for the same period is anticipated to be $49.43 billion, reflecting a 16.3% increase compared to the same period in 2024 [2]
【环球财经】土耳其6月贸易逆差扩大近四成 中国为最大进口来源国
Xin Hua Cai Jing·2025-07-31 11:48