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Trade between Turkey, Russia falls significantly

Türkiye Materials 29 February 2016 20:26 (UTC +04:00)
Export of Turkish goods to Russia decreased by 66 percent in January 2016 as compared to the same period 2015.

Baku, Azerbaijan, Feb. 29

By Rufiz Hafizoglu - Trend:

Export of Turkish goods to Russia decreased by 66 percent in January 2016 as compared to the same period 2015, said Turkey's Statistical Institute in a message Feb. 29.

Turkish exports to Russia amounted to about $108 million in January 2016.

In January 2016, the export of Russian goods to Turkey fell by 29.5 percent compared to January 2015 and totaled about $1.3 billion.

Earlier, Russia was among the TOP-20 countries in terms of imports and exports to Turkey.

Russia did not rank in this list in 2016.

Relations between Russia and Turkey deteriorated following the SU-24 incident. Following the incident, Russian president decreed on taking actions to ensure the national security and special economic measures against Turkey.

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Follow the author on Twitter: @rhafizoglu

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