...

Turkey's leather export to Azerbaijan shrinks

Türkiye Materials 14 May 2020 12:37 (UTC +04:00)

BAKU, Azerbaijan, May 14

By Rufiz Hafizoglu - Trend:

Export of leather goods from Turkey to Azerbaijan dropped by 27.29 percent from January through April 2020 compared to the same period of 2019 and made up $4.8 million, Turkey’s Ministry of Trade told Trend.

In April 2020, Turkey’s leather export to Azerbaijan also dropped by 88.4 percent compared to the same month of 2019, and amounted to $230,000.

Export of leather goods from Turkey to world markets dropped by 19.2 percent from January through April 2020 compared to the same period of 2019 and amounted to $469.4 billion.

The export of leather from Turkey made up 0.9 percent of the country's total export over the reporting period.

In April 2020, Turkey exported the leather goods worth over $54.4 million to the world markets, which is 61.6 percent less compared to the same month of 2019. Meanwhile, Turkey’s leather export amounted to 6.6 percent of the country's total export.

From April 2019 through April 2020, Turkey exported the leather goods in the amount of over $1.5 billion.

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.

---

Follow the author on Twitter: @rhafizoglu

Tags:
Latest

Latest