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Supplies of jewelry from Turkey to Iraqi market decline in 9M2020

Türkiye Materials 21 October 2020 18:48 (UTC +04:00)
Supplies of jewelry from Turkey to Iraqi market decline in 9M2020

BAKU, Azerbaijan, Oct.21

By Zhale Qasimova – Trend:

Turkey’s export of jewelry and precious stones to Iraq dropped by 21.04 percent in the past nine months of 2020, compared to the same period of 2019, making up slightly over $47.1 million, Turkish Trade Ministry told Trend.

According to the ministry, in September 2020, Turkey exported jewelry and precious stones worth $8.3 million to Iraq, which is 1.5 times more than in the same month of last year.

Export of Turkish jewelry and precious stones made up 2.3 percent of the country’s total export from January through September 2020.

Export of jewelry and precious stones from Turkey to international markets slightly topped $314.9 million in September 2020, which is 28.2 percent less compared to the same month of 2019, the ministry said.

In September of this year, Turkey’s export of jewelry and precious stones to international markets amounted to 2.1 percent of the country’s total export.

"During the last twelve months, from September 2019 through September 2020, Turkey exported jewelry and precious stones worth $3.3 billion," added the ministry.

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