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Turkey experienced a 2.9% year-on-year increase in exports in July 2026, with the export value reaching $25.6 billion, marking the highest level recorded for this month and the second-largest monthly volume in the country's history. During the first seven months of the year, Turkey's exports grew by 3.4% to $161.6 billion, while imports increased by 4.7% to $222.1 billion, leading to an 8.2% widening of the trade deficit to $60.5 billion. Germany remains Turkey's largest export market, followed by the United States and the United Kingdom, with a focus on sectors such as automobiles, intermediate goods, and defense industries, which have shown significant growth despite challenges related to costs and competition.
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