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Turkey's export to Turkic-speaking countries showing growth

Türkiye Materials 2 June 2020 09:47 (UTC +04:00)
Turkey's export to Turkic-speaking countries showing growth

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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