In January, exports increased by 5.8% compared to the previous year, reaching $21.165 billion. Imports, on the other hand, increased by 9.6% to $28.703 billion. During this period, the foreign trade deficit saw a 22% annual increase. The Turkish Statistical Institute (TÜİK) revealed the first foreign trade data of the year. Accordingly, in January, the foreign trade deficit increased by 21.9% compared to the same month of the previous year, rising from $6.185 billion to $7.538 billion. The export-to-import ratio in January was 76.4%, falling to 73.7% in January 2025. In January 2025, exports increased by 5.8% to $21.165 billion compared to the same month of the previous year, while imports increased by 9.6% to $28.703 billion. Exports excluding energy products and non-monetary gold increased by 5.0% in January 2025, rising from $18.576 billion to $19.508 billion. Excluding energy products and non-monetary gold, imports in January increased by 11.8% from $18.646 billion to $20.845 billion. The foreign trade deficit excluding energy products and non-monetary gold amounted to $1.336 billion in January. The foreign trade volume increased by 8.4% to $40.353 billion in January. In that month, the ratio of exports excluding energy and gold to imports was 93.6%.