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Turkey, US trade turnover suffers drop in April 2020

Türkiye Materials 3 June 2020 14:22 (UTC +04:00)
Turkey, US trade turnover suffers drop in April 2020

BAKU, Azerbaijan, June 3

By Rufiz Hafizoglu - Trend:

The trade turnover between Turkey and the US in April 2020 plunged by $435.9 million compared to the same month of last year, having stood at $1.2 billion, Turkish Trade Ministry told Trend.

"In April 2020, Turkey’s export to the US made up $549.1 million, and import from the US - $676.3 million," the ministry said.

At the same time, in the first four months of this year, trade turnover between Turkey and the US increased by $744.8 million compared to the same period of 2019, having amounted to $6.8 billion.

"From January through April 2020, Turkey’s export to the US amounted to $2.5 billion, and import from the US – $4.2 billion," 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 four 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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