Türkiye's July exports hit a record 25.6 billion dollars

Turkish Trade Minister Omer Bolat said at a press conference in Istanbul on Monday, 3 August 2026, that the country's exports rose 2.9% year on year to 25.6 billion dollars in July. He said this was the highest export figure ever recorded for the month of July and the second highest monthly total in the 103 year history of the Turkish Republic.

Imports rose 5.2% over the same month to nearly 33 billion dollars, while foreign trade volume expanded 4.1% to 58.6 billion dollars. The foreign trade deficit widened 14%, from 6.46 billion dollars in July 2025 to 7.37 billion dollars. The export to import coverage ratio fell 1.7 percentage points to 77.7%, and stood at 90.8% excluding energy and gold trade.

Bolat said annualised exports reached an all time high of 278.6 billion dollars as of the end of July, up 3.4%. Germany was the largest destination in July with 2 billion dollars, followed by the United States with 1.7 billion dollars and the United Kingdom with 1.3 billion dollars. Türkiye is one of Iran's main trading partners in West Asia, and its foreign trade trend feeds through to the lira and to cross border commerce between the two countries.