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Trade turnover between Turkey, Turkmenistan increases in 1H2020

Türkiye Materials 19 August 2020 09:19 (UTC +04:00)
Trade turnover between Turkey, Turkmenistan increases in 1H2020

BAKU, Azerbaijan, Aug. 19

By Rufiz Hafizoglu - Trend:

The trade turnover between Turkey and Turkmenistan rose by $18.9 million in June 2020 compared to same month of 2019, having surpassed $73.3 million, the Turkish Trade Ministry told Trend.

In the reporting month, Turkey’s exports to Turkmenistan made up $57.5 million, while imports from Turkmenistan - $15.7 million, the ministry said.

From January through June 2020, the trade turnover between the two countries grew by $26.8 million compared to the same period of 2019, amounting to $439.1 million.

Turkey’s exports to Turkmenistan over the first half of this year amounted to $342.8 million, and imports from Turkmenistan - $96.3 million.

Reportedly, Turkey's exports increased by 15.7 percent in June 2020 compared to the same month of last year, amounting to $13.4 billion.

Imports of 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 $174.1 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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