Export cost burden grows for Turkish firms as energy prices surge over 100%

Turkish exporters are facing an escalating cost burden as the annual increase in energy prices has surpassed 100%. Data from the Turkish Statistical Institute (TÜİK) revealed that the Export Producer Price Index (YD-ÜFE), which reflects exporters' production costs, climbed 34.16% in May 2026 compared to the same month last year.

The energy sector experienced the most dramatic annual surge, with prices rising by 104.38%. Mining and quarrying also saw substantial annual increases of 47.70%. Manufacturing, a key sector for exports, recorded a 33.93% annual rise.

Within manufacturing, intermediate goods increased by 31.50% annually, durable consumer goods by 33.73%, non-durable consumer goods by 36.00%, and capital goods by 23.68%. On a monthly basis, mining and quarrying led with a 5.30% increase, while the energy sector saw a 6.23% decrease.

The TÜİK data indicates a continued upward trend in producer prices for exports in May. The persistent high cost increases, especially in the energy and mining sectors, pose a significant challenge for Turkish exporters aiming to remain competitive in the global market.