Economy & Markets· 3 Nov 2026
Türkiye’s October exports hit record $25.9B; trade deficit narrows
Türkiye’s October goods exports rose 8.1% year-over-year to $25.9 billion, the highest-ever October figure, Trade Minister Ömer Bolat announced on Tuesday, Nov. 3, 2026. The Trade Ministry’s monthly foreign trade bulletin showed imports rose 3.4% to $32.58 billion and the foreign trade deficit narrowed 11.4% to $6.7 billion. The export-to-import coverage ratio rose 3.4 percentage points to 79.4%.
What it means for companies
- October goods exports were $25.9 billion, up 8.1% year-over-year, while imports were $32.58 billion, up 3.4%, according to the source.
- The foreign trade deficit narrowed 11.4% from October 2025 to $6.7 billion, down from $7.56 billion; the export-to-import coverage ratio was 79.4%, 100% excluding energy, and 101.7% excluding energy and gold.
- For finance teams monitoring external trade, the source provides the October and January-October export and import figures; further details are set out in the source.
Source: Daily Sabah (3 Nov 2026). This summary is for information only and is not tax, legal or investment advice.
Economy & Markets3 Nov 2026Source: Daily Sabah
The Türkiye Wealth Fund (TWF) announced that a share transfer agreement has been signed under which AG Anadolu Group Holding and Vestel Elektronik will sell their stakes in electric carmaker Togg to the TWF and…
What it means for companies: Following completion of the transactions, the Türkiye Wealth Fund (TWF) will hold 35% of Togg and Turkcell 34%, replacing the previous structure in which Vestel, Anadolu Group Holding, Turkcell and BMC Otomotiv each held 23% and the Union…
Economy & Markets3 Nov 2026Source: Daily Sabah
Turkiye's manufacturing sector contracted at its fastest pace since June, with the Istanbul Chamber of Industry (ISO) Turkiye Manufacturing PMI, compiled by S&P Global, falling to 47.3 in October from 47.9 in September.…
What it means for companies: The survey points to continued weakness in demand: new orders declined for a 40th consecutive month, with the sharpest drop since July, and export orders also softened. Input costs and output prices rose in October, though at a slower rate…
Economy & Markets3 Nov 2026Source: Daily Sabah
Türkiye's annual consumer inflation rose slightly to 29.77% in October, according to the Turkish Statistical Institute (TurkStat), up marginally from 29.73% in September but down from 32.87% in October 2025. Monthly…
What it means for companies: The October print reflects a broad-based rise in consumer prices across expenditure categories. Housing, water, electricity, gas and other fuels rose 40.24% year-over-year, transportation climbed 36.39%, and food and non-alcoholic…
Weekly briefing
What changed for companies in Türkiye this week
Tax, regulation, central bank and market developments, summarised in English with official sources. Unsubscribe anytime.