Türkiye's Surplus Streak Ends as Trade Gap Swells

After four consecutive months of surplus, Türkiye posted a current account deficit of $3.99 billion in November. The shift was driven by a widening deficit in goods trade. Imports of goods significantly outpaced exports during the month. However, the country's critical services sector remained a strong performer. It generated a surplus of $3.9 billion, largely sustained by robust tourism revenues. The current account is a key measure of a nation's international economic transactions. A deficit means the country is spending more on foreign trade, investment, and transfers than it is earning.