Ankara:Trkiye recorded its highest-ever goods export figure for October, with shipments increasing by 8.1% year-on-year to reach $25.9 billion, as announced by Turkish Trade Minister Omer Bolat.

According to Anadolu Agency – English, annualized goods exports rose by $15.6 billion compared to October 2025, totaling $285.6 billion and surpassing the government's target of $282 billion. The total annualized goods and services exports reached $413 billion, exceeding the $410 billion target.

Imports for October saw a 3.4% increase year-on-year, amounting to $32.58 billion, as stated in the Trade Ministry's monthly foreign trade bulletin. This led to the foreign trade deficit narrowing by 11.4% to $6.7 billion, down from $7.56 billion a year earlier. The total foreign trade volume expanded by 5.4% to $58.47 billion during the same period.

The export-to-import coverage ratio improved by 3.4 percentage points to 79.4% in October, with ratios excluding energy and gold reaching 100% and 101.7%, respectively. In the first ten months of 2026, exports increased by 5.5% to $236.84 billion, while imports rose by 5.1% to $314.5 billion, resulting in a trade gap of $77.67 billion.

Germany was Trkiye's largest export destination in October with $2.07 billion, followed by the US with $1.86 billion and the UK with $1.38 billion. The top ten export partners accounted for 45.3% of total goods shipments. On the import side, China led with $4.41 billion, followed by Germany and the US.

The EU was the largest market for Turkish exports, receiving $10.4 billion worth of goods, followed by Near and Middle Eastern countries, and other European nations. Asian countries were the main source of imports, contributing $9.77 billion.

In terms of economic categories, intermediate goods dominated exports, constituting 50.4% at $13.04 billion, while they also led imports at 71.7% with $23.36 billion. Manufacturing industry products made up 93.3% of total exports in October, valued at $24.15 billion.