Turkey-Israel trade turnover down in March 2020
BAKU, Azerbaijan, May 19
By Rufiz Hafizoglu - Trend:
The trade turnover between Turkey and Israel decreased by slightly over $97.1 million in March 2020 compared to the same month of 2019, making up $520.3 million, Trend reports with reference to the Turkish Trade Ministry.
"In March 2020, Turkey’s export to Israel amounted to $389.4 million, while import from Israel made up $130.8 million," the ministry said.
From January through March 2020, trade turnover between Turkey and Israel declined by $99.2 million compared to the same period of last year, making up $1.49 billion. In particular, export from Turkey to Israel amounted to slightly over $1.1 billion, while import from Israel - $364.7 million.
Turkey’s foreign trade turnover exceeded $32.2 billion in March 2020.
Meanwhile, Turkey’s export decreased by 17.8 percent compared to the same month of 2019, amounting to $13.4 billion, and import increased by 3.1 percent compared to the same month of 2019 and amounted to $18.8 billion.
From January through March 2020, Turkey’s trade turnover exceeded $98.4 billion.
During 1Q2020, export of Turkey dropped by 4 percent compared to the same period of 2019, amounting to $42.7 billion.
In the reporting period, Turkey’s import exceeded $55.6 billion, showing an increase of 10.3 percent over the year.
The foreign trade turnover of Turkey amounted to $374.2 billion in 2019.
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