Turkey increases trade with Azerbaijan since early 2020
BAKU, Azerbaijan, Aug. 4
By Rufiz Hafizoglu - Trend:
The trade turnover between Turkey and Azerbaijan grew by $45.9 million in June 2020 compared to same month of 2019, having made up $164.2 million, Turkish Trade Ministry told Trend on August 4.
In the reporting month, Turkey’s export to Azerbaijan amounted to $137.7 million, and import from Azerbaijan - to $26.5 million, the ministry said.
From January through June 2020, Turkey’s trade turnover with Azerbaijan increased by $63 million compared to the same period of last year, having amounted to $970.1 million.
Over the reporting period, Turkey’s export to Azerbaijan amounted to $811.5 million, and import from Azerbaijan - $158.5 million.
Meanwhile, Turkey's exports increased by 15.7 percent compared to the same month of 2019, amounting to $13.4 billion.
Imports to Turkey in June 2020 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 billion.
In 1H2020, Turkey's exports dropped by 15.1 percent compared to 1H2019, making up $75.2 billion, the ministry said.
In the first half of this year, Turkey's 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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