FX.co ★ Turkey's Trade Deficit Widens to $7.70B in January

Turkey's trade deficit expanded significantly in January 2025, reaching $7.70 billion, according to the latest data released by the Trade Ministry. This marks a noticeable increase from the previous month, when the trade balance was recorded at a negative $5.75 billion.

The data update, published on February 3, 2025, highlights the ongoing challenges Turkey faces in balancing its international trade. The sharp increase in the deficit suggests that imports have risen substantially compared to exports, further exacerbating the country's trade imbalance.

Analysts are closely watching these developments as they could have broader implications for Turkey's economic policies and currency stability. As the government continues to address trade and economic challenges, the coming months will be crucial in determining whether measures to curb the deficit will be effective.