Turkey’s exports increased by 2.3% in August compared to the same month last year, reaching $22.048 billion. Imports decreased by 10.7% to $27.04 billion. As a result, the foreign trade deficit decreased by 42.7% to $4.992 billion. Preliminary foreign trade data for August, created in collaboration between the Turkish Statistical Institute (TÜİK) and the Ministry of Trade, has been announced. Accordingly, within the General Trade System, exports in August increased by 2.3% to $22.048 billion compared to the same month last year, while imports decreased by 10.7% to $27.04 billion. The foreign trade deficit saw a 42.7% decrease to $4.992 billion in August compared to the same month last year. The export-to-import coverage ratio increased from 71.2% in August 2023 to 81.5% last month. With an increase of 3.9%, exports in the January-August period reached $170.801 billion compared to the same period last year, while imports decreased by 8.6% to $225.739 billion. Consequently, the foreign trade deficit decreased by 33.5% from $82.569 billion to $54.938 billion in the January-August period. The export-to-import coverage ratio improved from 66.6% in January-August 2023 to 75.7% this year. Excluding energy and gold, exports increased by 2.5% in August to $20.148 billion from $19.654 billion. In the same month, energy and gold excluded imports decreased by 5.6% from $21.659 billion to $20.45 billion. The foreign trade deficit excluding energy and gold stood at $302 million in August. The foreign trade volume decreased by 1.7% to $40.598 billion. The export-to-import coverage ratio for exports excluding energy and gold in that month was determined as 98.5%.