June trade data show Turkey’s deficit expanded sharply, driven by stronger import growth outpacing exports.
Turkey’s trade deficit widened 26.2% year-on-year in June to USD 10.4 billion, reflecting heightened external pressures. The gap expanded as imports grew faster than exports, despite a rebound in both after May’s holiday distortions.
The June print marks a significant deterioration from prior months, underscoring persistent imbalances in Turkey’s trade flows. Analysts note that while exports recovered, stronger import demand continues to weigh on the lira and external accounts.
The data reinforce concerns over Turkey’s reliance on foreign goods and its impact on currency stability and inflation dynamics.