BAKU, Azerbaijan, April 25
By Rufiz Hafizoglu – Trend:
The export of defense products from Turkey to the US increased by over 3.8 percent from January through March 2020, compared to the same period in 2019, amounting to $197.7 million, Turkish Trade Ministry told Trend.
The exports of defense products from Turkey to the US increased by 5.1 percent in March 2020, compared to March 2019, amounting to $66.5 million.
During 1Q2020, export of defense industry products from Turkey to world markets dropped by 21.5 percent compared to the same period of 2019, amounting to $482.6 million.
Turkey’s export of defense products to world markets made up 1.1 percent of the country’s total export in the first quarter of this year.
Turkey’s export of defense products to world markets amounted to $141.8 million in March 2020, which is 49.8 percent less compared to the same month of last year. Meanwhile, Turkey’s export of defense products to world markets amounted to 1.1 percent of the country’s total export.
In the last 12 months (from March 2019 through March 2020), Turkey’s export of defense products amounted to $2.6 billion.
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