In 2023, the foreign trade deficit decreased by 3.2 percent compared to the previous year, from 109 billion 541 million dollars to 105 billion 997 million dollars.
According to TÜİK data, Germany ranked first in exports in 2023.
Turkey’s exports in 2023 reached 255 billion 777 million dollars. Imports amounted to 361 billion 774 million dollars.
Thus, the foreign trade deficit in 2023 decreased by 3.2 percent from 109 billion 541 million dollars to 105 billion 997 million dollars.
As every year, Germany ranked first in exports
According to TÜİK data, Germany ranked first in exports in 2023. Exports to Germany amounted to 21 billion 92 million dollars, followed by the USA with 14 billion 826 million dollars, Iraq with 12 billion 786 million dollars, the United Kingdom with 12 billion 468 million dollars and Italy with 12 billion 381 million dollars. Exports to the first 5 countries accounted for 28.8 percent of total exports.
Russia took the first place in imports last year. Imports from the Russian Federation amounted to 45 billion 602 million dollars, followed by China with 44 billion 980 million dollars, Germany with 28 billion 684 million dollars, Switzerland with 19 billion 902 million dollars and the USA with 15 billion 778 million dollars. Imports from the first 5 countries accounted for 42.8 percent of total imports.