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Great demand for Turkish electrical goods observed in Russian markets

Business Materials 31 August 2020 16:29 (UTC +04:00)
Great demand for Turkish electrical goods observed in Russian markets

BAKU, Azerbaijan, Aug. 31

By Rufiz Hafizoglu – Trend:

The export of electrical goods from Turkey to Russia increased by 10.84 percent in the first seven months of 2020, compared to the same period of 2019, standing at $96.1 million, the Turkish Trade Ministry told Trend.

In July 2020, the Turkish export of electrical goods to Russia made up $17.2 million, which is 0.12 percent less than in July last year.

The export of electrical goods from Turkey to the global markets declined by 9.8 percent from January through July 2020, compared to the same period of 2019, amounting to nearly $5.7 billion.

Turkey’s export of electrical products amounted to 6.3 percent of the country's total export over this period.

Turkey exported $988 million worth of electrical goods to the world markets in July 2020, which is 4.3 percent more compared to the same month of 2019.

Meanwhile, the Turkish export of electrical products in July 2020 made up 6.6 percent of the country's total export.

Over the past 12 months (from July 2019 through July 2020), Turkey exported the electrical goods in the amount of over $10.6 billion abroad.

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Follow the author on Twitter: @rhafizoglu

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