BAKU, Azerbaijan, May 1
By Rufiz Hafizoglu - Trend:
Turkey's export to D-8 countries (Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan) decreased by 6.6 percent from Jan. through Mar. 2020 compared to the same period of 2019, and exceeded $1.8 billion, Trend reports referring to Turkish Trade Ministry.
From Jan. through Mar. 2020, Turkey's export to the D-8 countries amounted to 4.4 percent of the country’s total export for the same period.
Turkey's export to the D-8 countries in Mar. 2020 amounted to $510.7 million, which is 32.1 percent less compared to the same month of 2019.
“In March 2020, Turkey's export to the D-8 countries amounted to 3.8 percent of the country’s total export for March 2020,” the ministry said.
According to the ministry, Turkey's import from the D-8 countries decreased by 40.1 percent from Jan. through Mar. 2020, compared to same period of 2019, and amounted to $1.9 billion.
“Turkey’s import from the D-8 countries in these months made up 3.4 percent of the total import,” the ministry noted.
According to the ministry, Turkey's import from the D-8 countries in Mar. 2020 amounted to $610.8 million, which is 47.6 percent less compared to the same month of 2019.
“In Mar. 2020, Turkey’s import from the D-8 countries amounted to 3.2 percent of the total import for Mar. 2020,” the ministry said.
Turkey’s foreign trade turnover in Mar. 2020 exceeded $32.2 billion. In Mar. 2020, export from Turkey decreased by 17.8 percent compared to Mar. 2019, exceeding $13.4 billion.
Turkey's import increased by 3.1 percent in Mar. 2020 compared to the same month of 2019 and exceeded $18.8 billion.
From Jan. through Feb. 2020, Turkey’s trade turnover exceeded $98. billion.
During the reporting period, export of Turkey decreased by 4 percent compared to the same period of 2019, reaching $42.7 billion. Meanwhile, Turkey’s import increased by 10.3 percent compared to the same period of 2019, exceeding $55.6 billion.
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