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Turkey’s trade gap expanded significantly in June 2026, with the Trade Ministry reporting a deficit of $10.38 billion, nearly doubling the previous month’s level. In May 2026, the trade balance had stood at a negative $5.60 billion.
The latest data, updated on 3 July 2026, suggest a marked deterioration in Turkey’s external position over the month, potentially reflecting stronger import demand, weaker export performance, or a combination of both. The sharp widening of the deficit may draw renewed attention from markets and policymakers, who closely track trade figures as an indicator of external vulnerability and pressure on the country’s balance of payments.
While the headline numbers underline mounting trade imbalances, further details on the composition of exports and imports will be key to understanding whether June’s move is a one-off spike or the start of a more persistent trend in Turkey’s trade dynamics.