Updated
Updated · Hurriyet Daily News · Aug 3
Türkiye's June Energy Import Bill Jumps 28.8% to $5.92 Billion as Crude Oil Volumes Fall 9.1%
Updated
Updated · Hurriyet Daily News · Aug 3

Türkiye's June Energy Import Bill Jumps 28.8% to $5.92 Billion as Crude Oil Volumes Fall 9.1%

3 articles · Updated · Hurriyet Daily News · Aug 3

Summary

  • $5.92 billion in June energy imports marked a 28.8% year-on-year increase for Türkiye, up from $4.59 billion a year earlier.
  • 2.66 million tons of crude oil were imported in June, down 9.1% from last year, indicating the higher bill came despite lower volumes.
  • $34.3 billion was spent on energy imports in January-June, a 6.2% increase from the same period in 2025.
  • 126,113 megawatts of installed electricity capacity were in place by end-June, with renewables at 79,062 MW, or 62.7% of the total.
  • 42,491 megawatts of combined solar and wind capacity accounted for 33.7% of the power mix, as Türkiye expands domestic generation while energy costs pressure trade balances.

Insights

Why do Türkiye's record-breaking manufacturing exports secretly trigger a massive surge in its trade deficit?
Could heavy reliance on Chinese raw materials eventually cripple Türkiye's lucrative European export market?