Turkey-Turkmenistan trade turnover showing growth
BAKU, Azerbaijan, May 12
By Rufiz Hafizoglu - Trend:
The trade turnover between Turkey and Turkmenistan increased by $1.2 million in March 2020 compared to the same month of 2019, exceeding $72.5 million, Trend reports with reference to the Turkish Trade Ministry.
In March 2020, Turkey’s export to Turkmenistan reached $61.1 million, while import from Turkmenistan stood at $11.4 million.
From January through March 2020, trade turnover between Turkey and Turkmenistan increased by $25.7 million compared to the same period of 2020, exceeding $219.2 million.
During the first quarter of 2020, export from Turkey to Turkmenistan amounted to $159.9 million, while import from Turkmenistan amounted to $59.2 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, exports 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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