BAKU, Azerbaijan, Oct.5
By Rufiz Hafizoglu - Trend:
Turkey’s export to the member countries of the Organization of Islamic Cooperation (OIC) from January through August 2020 decreased by 14.3 percent compared to the same period of 2019, having made up over $26.7 billion, the Turkish Ministry of Trade told Trend.
During the reporting period, the export to the OIC countries made up 26.1 percent of Turkey’s total export volume in 2020, the ministry said.
Meanwhile, Turkey’s export to the OIC member countries in August 2020 edged down by 12 percent compared to August 2019 and stood at $3 billion. The export to the OIC countries made up 24.6 percent of Turkey’s total export volume in August 2020, the ministry said.
According to the ministry, Turkey’s import from the OIC countries grew by 11.8 percent from January through August 2020 and exceeded $19.9 billion compared to the same period of 2019.
The import from the OIC member countries amounted to 14.8 percent of Turkey’s total import volume from January through August 2020.
In August 2020, Turkey’s import from OIC member countries surged by 80.5 percent compared to August 2019, topping $3.7 billion.
Turkey’s import from the OIC member countries amounted to 20 percent of the total import in August 2020, added the ministry.
Turkey's foreign trade turnover amounted to $31.2 billion in August 2020.
According to the ministry, Turkey's exports during the reporting month decreased by 5.7 percent compared to the same month of 2019, amounting to $12.4 billion.
At the same time, Turkey's imports increased by 20.4 percent over the year and amounted to $18.7 billion.
In the first eight months of 2020, the trade turnover of Turkey amounted to $237.6 billion.
Turkey's exports for the reporting period decreased by 12.9 percent compared to the same period of 2019, amounting to $102.3 billion, the ministry said.
From January through August 2020, Turkey's imports decreased by 1.2 percent compared to the same period of 2019, amounting to $135.3 billion.
The foreign trade turnover of Turkey in 2019 made up $374.2 billion.
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