Trade turnover of Turkey with US lowering
BAKU, Azerbaijan, Sept.16
By Rufiz Hafizoglu - Trend:
The value of trade turnover between Turkey and the US decreased by $269.3 million in July 2020 compared to the same month of 2019, having stood at $1.7 billion, the Turkish Trade Ministry told Trend.
According to the ministry, in the reporting month, Turkey’s exports to the US made up $861.6 million, while imports from the US - $918.5 million, the ministry said.
From January through July 2020, the trade turnover between the two countries rose by $295.1 million compared to the same period of last year, amounting to $11.5 billion.
Turkey’s exports to the US for the first seven months of this year exceeded $4.9 billion, and imports from the US - $6.5 billion.
In July 2020, Turkey’s foreign trade turnover made up $32.8 billion.
Turkey’s exports in July 2020 dropped by 5.8 percent compared to July 2019, making up $15.1 billion.
At the same time, Turkey’s imports increased by 7.9 percent over the year and amounted to $17.7 billion.
Turkey’s trade turnover made up $206.7 billion from January through July 2020.
In the first seven months of 2020, Turkey’s export dropped by 13.7 percent compared to the same period of 2019, amounting to $90.1 billion.
Turkey’s imports for the reporting period declined by 3.9 percent year on year, amounting to $116.6 billion.
The foreign trade turnover of Turkey in 2019 made up $374.2 billion.
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