According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in February this year Turkey’s foreign trade deficit increased by 15.9 percent to $9.31 billion compared to February 2025. In the first two months of this year, Turkey’s foreign trade deficit went up by 13.8 percent year on year to $17.42 billion.
In February, Turkey’s iron and steel exports ranked seventh among the country’s products with the highest export value, totaling $758.05 million, down by 8.4 percent year on year. Meanwhile, in the given month the value of exports of articles of iron or steel, which ranked eighth among the products with the highest export value, grew by nine percent year on year, amounting to $755.72 million.
In the January-February period of this year, Turkey’s iron and steel export value was down by 13.2 percent to $1.41 billion, while the value of its exports of articles of iron or steel increased by 3.2 percent to $1.47 billion, both year on year.
