Ankara: Trkiye's exports rose 2.9% year-on-year to $25.62 billion in July, marking the country's highest-ever export figure for the month, according to official data released on Friday. This achievement reflects the resilience of the nation's export sector amid challenging global conditions.

According to Anadolu Agency, the figure also represented Trkiye's second-highest monthly export value on record, as stated by Trade Minister Omer Bolat in a written statement. The evaluation was based on provisional data compiled by the Turkish Statistical Institute (TurkStat) and the Trade Ministry. Imports increased by 5.1% from a year earlier to $32.97 billion, while the foreign trade deficit widened by 13.6% to $7.34 billion. The export-to-import coverage ratio declined to 77.7% from 79.4% in July 2025.

Despite regional conflicts and adverse global conditions, exports in the January-July period grew by 3.4% year-on-year to $161.54 billion, Bolat said. Imports during this seven-month period climbed 4.7% to $222.09 billion, pushing the trade deficit up by 8.3% to $60.55 billion. Trkiye's annualized exports increased by 3.4%, or $9.2 billion, from a year earlier to $278.5 billion as of July, compared with $269.3 billion in July 2025.

Annualized imports rose by 4.9%, or $17.6 billion, to $375.3 billion from $357.7 billion over the same period. Bolat noted that exports remained resilient despite ongoing geopolitical tensions, increasingly difficult international conditions, rising protectionism, and weak external demand. The ministry plans to continue strengthening Trkiye's export potential through financing, export support, guidance, and the activities of its overseas organization.

"We will continue working with all our strength in the coming period to exceed the Medium-Term Program export target of $282 billion," Bolat stated. He added that Trkiye would persist in its efforts to climb higher in the global export rankings, following President Recep Tayyip Erdogan's vision of high-value-added and competitive exports, while protecting domestic producers against unfair imports.

Germany was Trkiye's largest export destination in July, receiving goods worth $2.04 billion, followed by the US with $1.68 billion, the UK with $1.35 billion, Iraq with $1.11 billion, and Italy with $1.11 billion. China was the largest source of imports at $5.04 billion, followed by Russia at $3.23 billion and Germany at $2.52 billion. Manufacturing products accounted for 94.4% of total exports, while high-technology goods represented 4.4% of manufacturing exports.