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Turkey says trade deficit widened 21.7% in April

ReutersMay 2, 2025 9:12 AM

- Turkey's trade deficit widened 21.7% year-on-year to 12$ billion in April, Trade Minister Omer Bolat said on Friday.

Exports stood at $20.9 billion in April, while imports amounted to $33 billion, he told a press conference.

The euro's gains against the U.S. dollar since U.S President Donald Trump introduced new 10% baseline tariffs on all economies and slapped duties totalling 20% on the European Union had a positive effect on Turkish exports amounting to $440 million, Bolat also said.

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