BAKU, Azerbaijan, May 14
By Rufiz Hafizoglu - Trend:
The trade turnover between Turkey and the US soared past $422.1 million in March 2020 compared to the same month of 2019, exceeding $203.2 billion, Trend reports with reference to the Turkish Trade Ministry on May 14.
“In March 2020, Turkey’s export to the US amounted to $702.7 million, while import from the US reached over $1.3 billion,” the ministry said.
From January through March 2020, trade turnover between Turkey and the US exceeded $1.1 billion compared to the same period of last year, making up over $5.5 billion. In particular, export from Turkey to the US amounted to $2 million, while import from the US - $3.5 billion.
Turkey’s foreign trade turnover exceeded $32.2 billion in March 2020.
Meanwhile, Turkey’s export decreased by 17.8 percent compared to the same month of 2019, amounting to $13.4 billion, and 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.
---
Follow the author on Twitter: @rhafizoglu