BAKU, Azerbaijan, Sept.4
By Rufiz Hafizoglu - Trend:
Turkey’s export to the member states of the Organization of the Black Sea Economic Cooperation (BSEC) from January through July 2020 decreased by 5.2 percent compared to the same period of 2019, having made up slightly over $10.7 billion, the Turkish Ministry of Trade told Trend on Sept.4.
During the reporting period, the export to the BSEC countries made up 12 percent of Turkey’s total export volume in 2020, the ministry said.
Meanwhile, Turkey’s export to the BSEC member states in July 2020 rose by 2.2 percent compared to July 2019 and exceeded $1.8 billion. The export to the BSEC countries made up 12 percent of Turkey’s total export volume in July 2020, the ministry said.
According to the ministry, Turkey’s import from the BSEC member states declined by 19.6 percent from January through July 2020 and made up slightly over $15.5 billion compared to the same period of 2019.
The import from the BSEC member states amounted to 13.3 percent of Turkey’s total import volume from January through July 2020.
In July 2020, Turkey’s import from BSEC member states dropped by 32.8 percent compared to July 2019, standing at nearly $2 billion.
Turkey’s import from the BSEC member states amounted to 11.6 percent of the total import in July 2020, added the ministry.
Turkey’s foreign trade turnover made up $32.8 billion in July this year.
Meanwhile, Turkey's exports declined by 5.8 percent compared to the same month of 2019, amounting to $15.1 billion.
Imports to Turkey in July 2020 rose by 7.9 percent over the year and exceeded $17.7 billion.
From January through July 2020, Turkey's trade turnover amounted to over $206.7 billion, while the country's export value was 13.7 percent less than in the same period of 2019, making up $90.1 billion, the ministry said.
In the first 7 months of this year, Turkey's imports declined by 3.9 percent compared to the same period of 2019, amounting to $116.6 billion.
The foreign trade turnover of Turkey in 2019 made up $374.2 billion.
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