BAKU, Azerbaijan, July 8
By Rufiz Hafizoglu - Trend:
Turkey’s export to the member states of the Organization of the Black Sea Economic Cooperation (BSEC) from January through May 2020 decreased by 11.8 percent compared to the same period of 2019, having made up almost $7.3 billion, the Turkish Ministry of Trade told Trend on July 8.
During the reporting period, the export to the BSEC countries made up 11.8 percent of Turkey’s total export volume in 2020, the ministry said.
Meanwhile, Turkey’s export to the BSEC member states in May 2020 plunged by 29.2 percent compared to May 2019 and stood at $1.3 billion. The export to the BSEC countries made up 13.1 percent of Turkey’s total export volume in May 2020.
According to the ministry, Turkey’s import from the BSEC member states decreased by 17.1 percent from January through May 2020 and made up slightly over $11.5 billion compared to the same period of 2019.
The import from the BSEC member states amounted to 13.9 percent of Turkey’s total import volume from January through May 2020.
In May 2020, Turkey’s import from BSEC member states decreased by 35.7 percent compared to May 2019, standing at nearly $1.9 billion.
Some 14.2 percent of Turkey’s total import volume in May 2020 accounted for the import from the BSEC member states.
Turkey's foreign trade turnover in May 2020 amounted to over $23.3 billion.
In the reporting month, Turkey's exports dropped by 40.9 percent compared to May 2019, having stood at over $9.9 billion.
Meanwhile, imports of Turkey in May 2020 went down by 27.8 percent compared to May 2019 and amounted to $13.3 billion.
According to the ministry, in the first five months of this year, Turkey’s trade turnover made up $144.1 billion.
From January through May 2020, Turkish exports decreased by 19.7 percent compared to the same period in 2019, having amounted to $61.5 billion, the ministry said.
It was also noted that Turkish imports dipped by 5.2 percent compared to the same period in 2019, having made up $82.5 billion.
The foreign trade turnover of Turkey in 2019 made up $374.2 billion.
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