Türkiye’s international commerce deficit widened in April to barely over $12 billion, official knowledge confirmed on Thursday, as imports outweighed exports regardless of shipments additionally surging within the month.
The international commerce hole stood at $12.09 billion final month, up 22.3% year-over-year, in response to knowledge from the Turkish Statistical Institute (TurkStat).
The nation’s exports totaled $20.8 billion, rising 7.8%, whereas imports amounted to $32.89 billion, up 12.7% yearly.
The export-import protection ratio was at 63.2% final month.
“Despite the negative conditions and increasing uncertainties in the global economy, our exports in April 2025 increased by 7.8% to $20.8 billion. Thus, the second-highest April export was reached,” mentioned Trade Minister Ömer Bolat.
“As of April 2025, our annualized exports increased by $6.9 billion compared to the same month of the previous year and reached an all-time high of $264.9 billion,” he added.
The international commerce deficit, excluding power merchandise and non-monetary gold, was $6.16 billion in April.
During the primary four-month interval, exports had been $86.1 billion, up 3.7%, and imports had been $120.7 billion, up 6.6%.
The fourth-month international commerce hole got here in at $34.58 billion, up 14.7% in comparison with the identical interval final yr.
Commenting additional on knowledge, Bolat mentioned on X that the exports continued to extend regardless of the annualized imports within the EU remaining flat, the uncertainty introduced by tariff will increase, and the powerful competitors caused by China’s continued discount of export costs.
“As the government, we will resolutely continue our policies to increase exports of goods and services and protect domestic producers, thus ensuring a stable course in the current account and strengthening macroeconomic stability,” Bolat famous.
Source: www.dailysabah.com