Türkiye’s overseas commerce hole narrowed barely by 1.5% to $7.2 billion (TL 277.21 billion) in March in comparison with the identical month a yr earlier, in line with official knowledge from the Turkish Statistical Institute (TurkStat) launched on Wednesday.
The nation’s exports totaled $23.4 billion in March, up 3.4%, whereas imports amounted to $30.6 billion, a 2.2% enhance, in line with TurkStat.
The export-import protection ratio was 76.5% in March, bettering from 75.6% in March 2024.
When vitality merchandise and non-monetary gold are excluded, exports totaled $21.5 billion, representing a 3.3% enhance in March 2025, whereas imports reached $23.15 billion.
The overseas commerce deficit, excluding vitality merchandise and non-monetary gold, was $1.64 billion in March 2025.
During the January-March 2025 interval, exports totaled $65.3 billion, representing a 2.5% enhance, whereas imports reached $87.8 billion, a 4.5% enhance.
The most important vacation spot for Turkish exports within the first three months of the yr was Germany, with $5.3 billion, in line with the info. The nation was adopted by the U.Ok. with round $4 billion, the U.S. with $3.98 billion, Italy with $3.3 billion and Iraq with $2.92 billion.
On the opposite hand, Türkiye imported essentially the most from China, Russia and Germany in January-March.
The nation’s overseas commerce deficit was $22.5 billion within the three months, up 11% year-over-year.
Source: www.dailysabah.com