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Turkey-Israel trade turnover down

Türkiye Materials 12 June 2020 12:11 (UTC +04:00)
Turkey-Israel trade turnover down

BAKU, Azerbaijan, June 12

By Rufiz Hafizoglu - Trend:

The trade turnover between Turkey and Israel in April 2020 plunged by $171.8 million compared to the same month of last year, having stood at $357.7 million, Turkish Trade Ministry told Trend on June 12.

"In April 2020, Turkey’s export to Israel made up $240.8 million, and import from Israel - $116.8 million," the ministry said.

At the same time, in the first 4 months of this year, trade turnover between Turkey and Israel decreased by $271.1 million compared to the same period of 2019, having made up slightly over $1.8 billion.

"From January through April 2020, Turkey’s export to Israel amounted to $1.3 billion, and import from Israel – over $481.5 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 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. 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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