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Trade surplus with Turkiye hits decade's low
Mint Kolkata
|May 24, 2025
India's goods trade surplus with Turkiye fell to a near-decade's low of $2.7 billion in FY25, continuing a three-year slide that has taken it back to pre-covid levels, commerce ministry data showed.
The data reflects a steady decline in both exports and imports since FY23, reversing the sharp post-pandemic surge seen in FY22. The downturn may continue in FY26 with softening of trade ties between the two nations amid growing calls for disengagement with Turkiye following tensions between India and Pakistan.
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