BAKU, Azerbaijan, Sept.8
By Rufiz Hafizoglu - Trend:
Turkey's export to D-8 Organization for Economic Cooperation member countries (Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, and Pakistan) decreased by 19.2 percent from January through July 2020 compared to the same period in 2019, having made up slightly over $3.9 billion, Trend reports on Sept.8 referring to the Turkish Trade Ministry.
According to the ministry, in the reporting period, Turkey's export to the D-8 countries amounted to 4.4 percent of the country’s total export for 2020.
Turkey's export to the D-8 countries in July 2020 shrank by 8.8 percent, compared to the same month of 2019, having stood at $704.8 million.
Meanwhile, exports to D-8 countries made up 4.7 percent of Turkey's total exports for July 2020.
Turkey's imports from the D-8 country plunged by 41.6 percent in the past 7 months of 2020 compared to the same period in 2019, being equal to slightly over $3.8 billion, according to the ministry.
Imports from D-8 countries amounted to 3.3 percent of Turkey's total imports from January through July this year, the ministry said.
In July 2020, Turkey's imports from D-8 countries went down by 20.9 percent year on year, amounting to $529 million.
"Imports from D-8 member countries made up three percent of Turkey's total imports in July 2020," the ministry said.
Turkey’s foreign trade turnover made up $32.8 billion in July this year.
Meanwhile, Turkey's exports declined by 5.8 percent compared to the same month of 2019, amounting to $15.1 billion.
Imports to Turkey in July 2020 rose by 7.9 percent over the year and exceeded $17.7 billion.
From January through July 2020, Turkey's trade turnover amounted to over $206.7 billion, while the country's export value was 13.7 percent less than in the same period of 2019, making up $90.1 billion, the ministry said.
In the first 7 months of this year, Turkey's imports declined by 3.9 percent compared to the same period of 2019, amounting to $116.6 billion.
The foreign trade turnover of Turkey in 2019 made up $374.2 billion.
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