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Turkey increases export to Turkic-speaking countries

Türkiye Materials 4 April 2020 12:56 (UTC +04:00)
Turkey increases export to Turkic-speaking countries

BAKU, Azerbaijan, Apr. 4

By Rufiz Hafizoglu - Trend:

Turkey's export to Turkic-speaking countries increased by 23.2 percent from January through February 2020 compared to the same period of 2019, amounting to $791 million, Turkey’s Ministry of Trade told Trend.

Over the reporting period, Turkey’s export to Turkic-speaking countries amounted to 2.7 percent of country’s total export.

Export of Turkey to Turkic-speaking countries increased by 19.5 percent in February 2020 compared to the same month of 2019, reaching $425.5 million.

In February 2020, Turkey’s export to Turkic-speaking countries amounted to 2.9 percent of the country’s total export.

Turkey’s import from Turkic-speaking countries dropped by 6.5 percent from January through February 2020 compared to the same period of 2019, exceeding $529.5 million.

Over the reporting period, import of Turkey from Turkic-speaking countries amounted to 1.4 percent of country’s total import.

In February 2020, Turkey’s import from Turkic-speaking countries dropped by 5.9 percent compared to February 2019, amounting to $227 million. Meanwhile, import from Turkic-speaking countries amounted to 1.3 percent of Turkey's total import.

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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