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Turkey-China trade turnover downgrades

Türkiye Materials 2 June 2020 17:05 (UTC +04:00)
Turkey-China trade turnover downgrades

BAKU, Azerbaijan, June 2

By Rufiz Hafizoglu - Trend:

The trade turnover between Turkey and China decreased by $29.1 million in April 2020 compared to same month of 2019, making up $1.6 billion, Turkish Trade Ministry told Trend.

In the reporting month, Turkey’s export to China amounted to $213.8 million, and import from China - $1.4 billion.

From January through April 2020, Turkey’s trade turnover with China increased by $514.7 million compared to the same period last year, surpassing $6.9 billion.

Over the reporting period, Turkey’s export to China amounted to $747.9 million, and import from China - $6.2 billion.

The foreign trade turnover of Turkey amounted to $22.5 billion in April 2020.

In April 2020, export from Turkey decreased by 41.4 percent compared to April 2019, amounting to $8.9 billion, while the import decreased by 25 percent compared to April 2019 and amounted to $13.5 billion.

Turkey’s trade amounted to $120.8 billion in the first four months of 2020. The export dropped by 13.7 percent over the year, amounting to $51.6 billion, and the import to the country increased by 1 percent over the year, amounting to $69.2 billion.

In 2019, the foreign trade turnover of Turkey amounted to $374.2 billion.

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Follow the author on Twitter: @rhafizoglu

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