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Turkey-Azerbaijan trade turnover down in April 2020

Türkiye Materials 31 May 2020 12:38 (UTC +04:00)
Turkey-Azerbaijan trade turnover down in April 2020

BAKU, Azerbaijan, May 31

By Rufiz Hafizoglu - Trend:

The trade turnover between Turkey and Azerbaijan in April 2020 decreased by slightly over $29 million compared to the same period of last year, having made up $138.2 million, Turkish Trade Ministry told Trend.

"In April 2020, Turkey’s export to Azerbaijan amounted to $128.4 million, and import from Azerbaijan to $9.8 million," the ministry said.

At the same time, in the first 4 months of this year, trade turnover between Turkey and Azerbaijan increased by over $25.3 million compared to the same period of 2019, having stood at $620.9 million.

"From January through April 2020, Turkey’s export to Azerbaijan amounted to $506.4 million, and import from Azerbaijan – $114.5 million," the ministry said.

Turkey's foreign trade turnover in April 2020 amounted to over $22.5 billion.

In the reporting month, Turkey's exports dropped by 41.4 percent compared to April 2019, having stood at $8.9 billion.

Meanwhile, imports of Turkey in April 2020 went down by 25 percent compared to April of last year and amounted to $13.5 billion.

According to the ministry, in the first 4 months of this year, Turkey’s trade turnover exceeded $120.8 billion.

“From January through April 2020, Turkish exports decreased by 13.7 percent compared to the same period in 2019, reaching $51.6 billion,” the ministry said.

It was also noted that Turkish imports grew by 1 percent compared to the same period in 2019, having amounted to $69.2 billion.

The foreign trade turnover of Turkey in 2019 made up $374.2 billion.

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