According to preliminary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in July of this year, Turkey's foreign trade deficit increased by 13.6 percent to $7.34 billion compared to July 2025. In the period from January to July of this year, Turkey's foreign trade deficit increased by 8.3% year-on-year to $60.55 billion.
In July, Turkish exports of pig iron and steel ranked seventh among the country's goods with the highest export value, which amounted to $897.20 million, an increase of 8.2 percent year-on-year. Meanwhile, in the reporting month, exports of cast iron and steel products, which rank ninth among the goods with the highest export value, decreased by 1.1% year-on-year, amounting to $856.22 million..
Between January and July this year, the value of Turkey's exports of pig iron and steel increased by 3.4 percent to $6.51 billion, while the value of its exports of iron and steel products increased by one percent to $5.54 billion year-on-year.
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