Türkiye reports significant decrease in trade deficit amid growing export numbers

The manufacturing sector continued to be the driving force behind Türkiye's exports, accounting for a substantial 94.6% of the total. Germany maintained its position as the country's primary export market, followed by the United States, the United Kingdom, Iraq, and the United Arab Emirates.

On the import side, China remained the top supplier, followed by Russia, Germany, the United States, and Italy.

When adjusted for seasonal and calendar fluctuations, both exports and imports recorded slight increases, indicating a sustained positive trend.

Under the special trade system, exports rose while imports decreased, leading to a notable reduction in the foreign trade deficit. The coverage ratio of exports to imports also improved significantly.

Overall, these figures suggest that Türkiye's foreign trade is on a healthy trajectory, with increased exports and decreased imports contributing to a more favorable economic outlook. (ILKHA)