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Export of Turkey's defense products to world markets down

World Materials 3 April 2020 09:25 (UTC +04:00)
Export of Turkey's defense products to world markets down

BAKU, Azerbaijan, April 3

By Rufiz Hafizoglu – Trend:

Export of defense industry products from Turkey to world markets dropped 21.5 percent from January through March 2020 compared to the same period of 2019, amounting to $482.6 million, Turkish Trade Ministry told Trend.

Over the reporting period, Turkey’s export of defense products to world markets amounted to 1.1 percent of country’s total export.

Turkey’s export of defense products to world markets amounted to $141.8 million in March 2020, which is 49.8 percent less compared to March 2019. Meanwhile, Turkey’s export of defense products to world markets amounted to 1.1 percent of country’s total export.

Turkey’s foreign trade turnover in February 2020 exceeded $32.2 billion.

In February 2020, export from Turkey increased by 2.3 percent compared to February 2019, exceeding $14.6 billion.

Turkey's import increased by 9.8 percent in February 2020 compared to the same month of 2019 and exceeded $17.6 billion.

From January through February 2020, Turkey’s trade turnover exceeded $66.1 billion.

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Follow the author on Twitter: @rhafizoglu

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