FX.co ★ Turkey’s Trade Gap Narrows Sharply in August, Easing to $5.2 Billion

Turkey’s trade deficit narrowed significantly in August 2026, according to the latest data from the Trade Ministry, pointing to an improvement in the country’s external balance.

The trade balance improved to a deficit of $5.20 billion in August 2026, compared with a revised shortfall of $7.30 billion in July 2026. The data, updated on 3 September 2026, suggest that Turkey’s external position strengthened month-on-month, with the August figures marking a notable easing of the trade gap.

While the release did not provide details on the underlying drivers, the headline numbers indicate that either exports outpaced imports or that import growth slowed during the period, helping to reduce the overall deficit. Market participants will be watching subsequent releases to see whether this narrowing trend in Turkey’s trade balance can be sustained in the coming months.