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Turkey records substantial growth in exports to Turkic-speaking countries

Türkiye Materials 1 March 2021 16:17 (UTC +04:00)
Turkey records substantial growth in exports to Turkic-speaking countries

BAKU, Azerbaijan, March 1

Trend:

Turkey's exports to Turkic-speaking countries increased by 28.3 percent in January 2021 compared to January 2020, amounting to $469.8 million, the Turkish Trade Ministry told Trend.

The ministry noted that exports to Turkic-speaking countries in the reporting month amounted to 3.1 percent of Turkey's total exports in 2021.

According to the ministry, Turkey's imports from Turkic-speaking countries in the mentioned month decreased by 4.2 percent over the year, amounting to $289.9 million.

At the same time, Turkey’s imports from Turkic-speaking countries accounted for 1.6 percent of the country’s total imports.

In January 2021, Turkey's trade turnover amounted to over $34.2 billion.

As of late January this year, Turkey's exports decreased by 2.3 percent compared to the same period of 2020, amounting to $15.4 billion, the ministry said.

Meanwhile, Turkey's imports decreased by 5.9 percent on an annualized basis, settling at $18.7 billion.

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