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Türkiye's Trade Deficit Plummets 22.7% Amid Export Growth

2/1/2025

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Summary

Story summary

Türkiye's foreign trade deficit dropped 22.7% in 2024, reaching $82.2 billion, driven by a 2.4% rise in exports to $261.8 billion and a 5% decline in imports to $344 billion.
December 2024 recorded a trade deficit of $8.78 billion, with exports up 2.1% and imports rising 10.9%.
Tourism revenues hit $61.1 billion in 2024, attracting 62.27 million visitors and aiding the economy.

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Story summary

Türkiye's foreign trade deficit dropped 22.7% in 2024, reaching $82.2 billion, driven by a 2.4% rise in exports to $261.8 billion and a 5% decline in imports to $344 billion.
December 2024 recorded a trade deficit of $8.78 billion, with exports up 2.1% and imports rising 10.9%.
Tourism revenues hit $61.1 billion in 2024, attracting 62.27 million visitors and aiding the economy.