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Turkey-Kazakhstan trade turnover declines

Türkiye Materials 2 June 2020 17:47 (UTC +04:00)
Turkey-Kazakhstan trade turnover declines

BAKU, Azerbaijan, June 2

By Rufiz Hafizoglu - Trend:

The trade turnover between Turkey and Kazakhstan in April 2020 decreased by slightly over $84.1 million compared to April of last year, having made up $125 million, Turkish Trade Ministry told Trend on June 2.

"In April 2020, Turkey’s export to Kazakhstan amounted to $47.7 million, and imports from Kazakhstan - $77.2 million," the ministry said.

Trade turnover between Turkey and Kazakhstan during the first 4 months of this year went down by $106.1 million compared to the same period of 2019, having stood at $634.6 million.

"From January through April 2020, Turkey’s export to Kazakhstan amounted to $251.1 million, and imports from Kazakhstan - $383.4 million," 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 four months of the 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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Follow the author on Twitter: @rhafizoglu

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