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Turkey raises value of trade with Turkmenistan within 10M2020

Türkiye Materials 1 December 2020 12:11 (UTC +04:00)

BAKU, Azerbaijan. Dec.1

Trend:

Turkey's trade with Turkmenistan in October 2020 grew by $641,000 compared to the same period last year, exceeding $85 million, Trend reports referring to the Turkish Ministry of Trade.

In the reporting month, Turkey's exports to Turkmenistan made up over $69.6 million, and imports from Turkmenistan – $15.4 million, the ministry said.

Meantime, the trade turnover between the two countries from January through October 2020 was by slightly over $11.5 million less than in the same period of last year, amounting to $770.3 million.

"The exports from Turkey to Turkmenistan for 10M2020 equaled $601.3 billion, and imports from Turkmenistan - $169 million," noted the ministry.

Turkey's foreign trade turnover surpassed $37 billion in October 2020.

The ministry said Turkey's exports in October this year increased by 5.6 percent compared to the same months of 2019, reaching $17.3 billion.

At the same time, Turkey's imports rose by 8.4 percent year on year and totaled over $19.7 billion, the ministry.

According to the ministry, Turkey's trade turnover from January through October 2020 amounted to $311.5 billion.

In the past 10 months of this year, Turkey's exports dropped by 9.1 percent compared to the same period of 2019, amounting to $135.6 billion, the ministry said.

Meanwhile, Turkey's imports increased by 1.2 percent over the year, amounting to $175.8 billion.

In 2019, Turkey's foreign trade turnover was equal to $374.2 billion.

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