Turkey's foreign trade deficit increased by 5.6 percent to $9.30 billion last December compared to December 2024, according to preliminary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK). For all of 2025, Turkey's foreign trade deficit rose 11.6 percent year-on-year to $92.09 billion.
In December, Turkey's iron and steel exports ranked as the country's seventh-highest export-value product at $969.08 million, up 5.3 percent year-on-year. Meanwhile, this month, the export value of iron or steel products, which ranked ninth among products with the highest export value, rose 2.4 percent year-on-year to $881.68 million.
In 2025, Turkey's iron and steel export value rose 5.5 percent to $10.74 billion, while iron or steel products fell 1.1 percent to $9.70 billion, both year-on-year.
