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Turkey - Ukraine trade turnover shows increase

Türkiye Materials 12 May 2020 13:58 (UTC +04:00)
Turkey - Ukraine trade turnover shows increase

BAKU, Azerbaijan, May 12

By Rufiz Hafizoglu - Trend:

The trade turnover between Turkey and Ukraine increased by $35.5 million in March 2020 compared to the same month of 2019, exceeding $373.1 million, Trend reports with reference to the Turkish Trade Ministry.

In March 2020, Turkey’s export to Ukraine amounted to $186.3 million, while import from Ukraine - $186.7 million.

From January through March 2020, trade turnover between Turkey and Ukraine increased by $173.5 million compared to the same period of 2020, exceeding $1.1 billion.

During the reporting period, export from Turkey to Ukraine amounted to $479.4 million, while import from Ukraine - $650.1 million.

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

In March 2020, Turkey’s export decreased by 17.8 percent compared to the same month of 2019, amounting to $13.4 billion. Meanwhile, Turkey's import increased by 3.1 percent compared to the same month of 2019 and amounted to $18.8 billion.

From January through March 2020, Turkey’s trade turnover exceeded $98.4 billion.

During 1Q2020, export of Turkey dropped by 4 percent compared to the same period of 2019, amounting to $42.7 billion.

In the reporting period, Turkey’s import exceeded $55.6 billion, showing an increase of 10.3 percent over the year.

The foreign trade turnover of Turkey amounted to $374.2 billion in 2019.

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Follow the author on Twitter: @rhafizoglu

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