BAKU, Azerbaijan, Oct.6
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 4.8 percent compared to the same period of 2019, having made up over $12.2 billion, the Turkish Ministry of Trade told Trend.
During the reporting period, the export to the OIC countries made up 12 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 0.3 percent compared to August 2019 and stood at $1.5 billion. The export to the OIC countries made up 12.1 percent of Turkey’s total export volume in August 2020, the ministry said.
According to the ministry, Turkey’s import from the OIC countries dropped by 20.5 percent from January through August 2020 and exceeded $17.5 billion compared to the same period of 2019.
The import from the OIC member countries amounted to 13 percent of Turkey’s total import volume from January through August 2020.
In August 2020, Turkey’s import from OIC member countries lowered by 27 percent compared to August 2019, making up $2 billion.
Turkey’s import from the OIC member countries amounted to 10.8 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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