BAKU, Azerbaijan, June 3
By Rufiz Hafizoglu – Trend:
Export of defense industry products from Turkey to world markets dropped by 28.7 percent from January through May 2020 compared to the same period of 2019, having stood at $755.6 million, Turkish Trade Ministry told Trend on June 3.
Turkey’s export of defense products to world markets for the reporting period amounted to 1.2 percent of the country’s total export.
“In May 2020, Turkey’s export of defense products to world markets amounted to over $112.4 million, which is 54.8 percent less compared to May 2019,” the ministry said.
Turkey’s export of defense products to world markets in May this year made up 1.1 percent of the country’s total export.
During the last twelve months (from May 2019 through May 2020), Turkey exported defense products worth more than $2.4 billion.
In April 2020, the country’s export of defense products to world markets amounted to over $160.6 million, which is 18.5 percent less compared to April 2019. Meanwhile, Turkey’s export of defense products to world markets amounted to over 1.6 percent of the country’s total export.
From April 2019 through April 2020, Turkey exported defense products worth more than $2.5 billion.
---
Follow the author on Twitter: @rhafizoglu