BAKU, Azerbaijan, Aug. 3
By Rufiz Hafizoglu - Trend:
Turkey's export to Turkic-speaking countries increased by 7.5 percent from January through June 2020 compared to the same period of 2019, having exceeded $2.3 billion, Turkey’s Ministry of Trade told Trend on August 3.
During the reporting period, Turkey’s export to Turkic-speaking countries amounted to 3.2 percent of the country’s total export for 2020.
The export of Turkey to Turkic-speaking countries grew by 33.9 percent in June 2020 compared to the same month of 2019, and made up $424 million.
“In June, Turkey’s export to Turkic-speaking countries amounted to 3.2 percent of the country’s total export for June 2020,” the ministry said.
According to the ministry, Turkey’s import from Turkic-speaking countries declined by 17.1 percent from January through June 2020 compared to the same period of 2019, and made up slightly over $1.3 billion.
“Import of Turkey from Turkic-speaking countries amounted to 1.4 percent of the country’s total import from January through June 2020,” the ministry also noted.
In June 2020, Turkey’s import from Turkic-speaking countries edged up by 6 percent compared to June 2019, having amounted to $238 million.
“Import from Turkic-speaking countries amounted to 1.5 percent of Turkey's total import for June 2020,” added the ministry.
Turkey's exports during the reporting month increased by 15.7 percent compared to the same month of 2019, amounting to $13.4 billion.
At the same time, imports of Turkey rose by 8.3 percent over the year and exceeded $16.3 billion.
From January through June 2020, Turkey's trade turnover amounted to over $174.1 billion.
Meanwhile, Turkey's exports dropped by 15.1 percent compared to 1H2019, making up $75.2 billion, and imports declined by 3.2 percent compared to the same period of 2019, amounting to $98.8 billion.
The foreign trade turnover of Turkey in 2019 made up $374.2 billion.
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