Turkey’s exports and imports increased in November compared with the same month last year, according to provisional foreign trade data released by the Turkish Statistical Institute (TÜİK) in cooperation with the Ministry of Trade.
Under the General Trade System (GTS), exports rose by 1.3% year-on-year to 22.536 billion dollars, while imports increased by 2.6% to 30.518 billion dollars in November. As a result, the foreign trade deficit widened by 6.3% compared with the same month of the previous year, reaching 7.982 billion dollars.
The export-to-import coverage ratio declined to 73.8% in November, down from 74.8% in November 2024.
In the January–November period, exports rose by 3.6% year-on-year to 247.023 billion dollars, while imports increased by 5.7% to 329.698 billion dollars. The foreign trade deficit during this period expanded by 12.6% to 82.674 billion dollars. The export-to-import coverage ratio for January–November fell to 74.9%, compared with 76.5% in the same period of 2024.
Foreign Trade Excluding Energy and Gold
Excluding energy products and non-monetary gold, exports increased by 3.2% in November, rising from 20.740 billion dollars to 21.396 billion dollars. Imports excluding energy and non-monetary gold rose by 6%, from 21.930 billion dollars to 23.250 billion dollars.
The foreign trade deficit excluding energy and gold stood at 1.854 billion dollars in November. Total foreign trade volume increased by 4.6% to 44.647 billion dollars. In this category, the export-to-import coverage ratio was recorded at 92% for the month.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök