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Turkey's trade turnover with Uzbekistan plummets

Türkiye Materials 9 July 2020 08:05 (UTC +04:00)
Turkey's trade turnover with Uzbekistan plummets

BAKU, Azerbaijan, July 9

By Rufiz Hafizoglu - Trend:

The trade turnover between Turkey and Uzbekistan in May 2020 dropped by $95.6 million compared to the same month of 2019, having stood at $116.6 million, Turkish Trade Ministry told Trend.

In May 2020, Turkey’s export to Uzbekistan made up $62.3 million, and import from Uzbekistan- $54.2 million, the ministry said.

In the first 5 months of 2020, trade turnover between Turkey and Uzbekistan decreased by $212 million compared to the same period of 2019, amounting to $690.9 million.

From January through May 2020, Turkey’s export to Uzbekistan amounted to $348.2 million, while import from Uzbekistan– $342.7 million, noted the ministry.

Turkey's foreign trade turnover in May 2020 amounted to over $23.3 billion.

In the reporting month, Turkey's exports dropped by 40.9 percent compared to May 2019, having stood at over $9.9 billion.

Meanwhile, imports of Turkey in May 2020 went down by 27.8 percent compared to May of last year and amounted to $13.3 billion.

According to the ministry, in the first 5 months of this year, Turkey’s trade turnover made up $144.1 billion.

From January through May 2020, Turkish exports decreased by 19.7 percent compared to the same period in 2019, having amounted to $ 61.5 billion, the ministry said.

It was also noted that Turkish imports dipped by 5.2 percent compared to the same period in 2019, having made up $82.5 billion.

The foreign trade turnover of Turkey in 2019 made up $374.2 billion.

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