BAKU, Azerbaijan, June 2
By Rufiz Hafizoglu - Trend:
Turkey's export to Turkic-speaking countries increased by 8.2 percent from January through April 2020 compared to the same period of 2019, having stood at over $1.5 billion, Turkey’s Ministry of Trade told Trend.
During the reporting period, Turkey’s export to Turkic-speaking countries amounted to 3 percent of the country’s total export for 2020.
The export of Turkey to Turkic-speaking countries decreased by 8.9 percent in April 2020 compared to the same month of 2019, and made up $359.1 million.
“In April, Turkey’s export to Turkic-speaking countries amounted to 4 percent of the country’s total export for April 2020,” the ministry said.
According to the ministry, Turkey’s import from Turkic-speaking countries dropped by 16.4 percent from January through April 2020 compared to the same period of 2019, and made up $928 million.
“Import of Turkey from Turkic-speaking countries amounted to 1.3 percent of the country’s total import from January through April 2020,” the ministry also noted.
In April 2020, Turkey’s import from Turkic-speaking countries dropped by 51.6 percent compared to April 2019, having amounted to slightly over $140.9 million.
“In April, import from Turkic-speaking countries amounted to 1 percent of Turkey's total import for April 2020,” added the ministry.
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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