BAKU, Azerbaijan, July 16
By Rufiz Hafizoglu - Trend:
The trade turnover between Turkey and Iran in May 2020 decreased by over $640.9 million compared to the same month of last year, having made $86.2 million, Turkish Trade Ministry told Trend.
"In May 2020, Turkey’s export to Iran amounted to $43.8 million, and import from Iran was $42.3 million," the ministry said.
At the same time, in the first five months of this year, trade turnover between Turkey and Iran declined by over $2.7 billion compared to the same period of 2019, having stood at $809.7 million.
"From January through May 2020, Turkey’s export to Iran amounted to $478.2 million, and import from Iran – $331.4 million," the ministry said.
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 $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 five months of this year, Turkey’s trade turnover exceeded $144.1 billion.
"From January through May 2020, Turkish exports decreased by 19.7 percent compared to the same period in 2019, reaching $61.5 billion," the ministry said.
It was also noted that Turkish imports decreased by 5.2 percent compared to the same period in 2019, having amounted to $82.5 billion.
The foreign trade turnover of Turkey in 2019 made up $374.2 billion.
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