Turkey's foreign trade deficit rose in June from a year ago as imports grew faster than exports, the Turkish Statistical Institute reported Thursday.
The trade deficit increased to $8.17 billion in June from $5.89 billion in the same month last year. The shortfall totaled $6.65 billion in May.
Excluding energy products and non-monetary gold, the foreign trade shortfall was $3.59 billion.
Exports registered an annual increase of 7.9 percent, and imports surged by 15.2 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.