Türkiye's trade gap down 15.6% as imports fall faster than exports

Türkiye's foreign trade deficit narrowed 15.6% year-over-year in May, as imports fell more sharply than exports, official data showed on Tuesday.

Exports totaled $22.46 billion (TL 1.05 trillion), down 9.5% from the same month last year, while imports dropped 10.8% to $28.07 billion, according to provisional figures from the Turkish Statistical Institute (TurkStat) and the Trade Ministry.

The foreign trade gap fell to $5.61 billion in May from a year earlier.

The export-import coverage ratio rose to 80% in May, compared with 78.9% in the same month of 2025.

Excluding energy products and non-monetary gold, exports fell 11.5% to $20.5 billion, while imports dropped 16.2% to $21.03 billion. The trade deficit excluding these items stood at $525 million, while the coverage ratio was 97.5%.