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Turkey increases trade with Georgia by over $20M (Exclusive)

Türkiye Materials 4 December 2019 16:56 (UTC +04:00)
Turkey increases trade with Georgia by over $20M (Exclusive)

BAKU, Azerbaijan, Dec. 4

By Rufiz Hafizoglu - Trend:

In October this year, the trade turnover between Turkey and Georgia increased by $20.4 million compared to October last year, amounting to $147 million, a source in the Turkish Ministry of Trade told Trend Dec. 4.

“In October 2019, Turkey’s exports to Georgia amounted to $135.5 million, and imports from Georgia - $11.4 million,” the ministry said.

From January through October 2019, the trade turnover between Turkey and Georgia increased by $34.4 million compared to the same period in 2018, amounting to $1.3 billion.

“From January through October 2019, Turkey’s exports to Georgia amounted to $1.1 billion, and imports from Georgia - $190.4 million,” the ministry said.

Turkey’s foreign trade turnover amounted to $34.5 billion in October 2019.

During the reporting month, Turkey's export decreased by 1.5 percent compared to October 2018 and amounted to $16.3 billion. In turn, import to Turkey increased by 10.7 percent compared to the same period of 218 and equaled $18.1 billion.

Total value of Turkey's foreign trade turnover amounted to $320.9 billion from January through October 2019.

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Follow the author on Twitter: @rhafizoglu

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