Increase in foreign trade deficit

There was a decrease of 1.6% in Turkey’s exports in February, dropping to $20.761 billion. During this period, the foreign trade deficit increased by 14.8%, reaching $7.771 billion. The Turkish Statistical Institute (TurkStat) announced the foreign trade statistics for February. According to the data, exports in February decreased by 1.6% compared to the same month of the previous year, amounting to $20.761 billion, while imports increased by 2.4% reaching $28.533 billion. Exports increased by 2% in the January-February period compared to the same period of the previous year, amounting to $41.921 billion, while imports increased by 5.9% to $57.235 billion. INCREASE IN FOREIGN TRADE DEFICIT In February, the foreign trade deficit increased by 14.8% compared to the same month of the previous year, rising from $6.767 billion to $7.771 billion. The export-to-import ratio decreased from 75.7% in February 2024 to 72.8% in February 2025. In the January-February period, the foreign trade deficit increased by 18.2% from $12.952 billion to $15.314 billion. The export-to-import ratio decreased from 76% in the January-February period of 2024 to 73.2% in the same period of 2025.