Turkey increases trade with Azerbaijan since early 2020

BAKU, Azerbaijan, Aug. 4 By Rufiz Hafizoglu - Trend: The trade turnover between Turkey and Azerbaijan grew by $45.9 million in June 2020 compared to same month of 2019, having made up $164.2 million, Turkish Trade Ministry told Trend on August 4. In the reporting month, Turkey’s export to Azerbaijan amounted to $137.7 million, and import from Azerbaijan - to $26.5 million, the ministry said. From January through June 2020, Turkey’s trade turnover with Azerbaijan increased by $63 million compared to the same period of last year, having amounted to $970.1 million. Over the reporting period, Turkey’s export to Azerbaijan amounted to $811.5 million, and import from Azerbaijan - $158.5 million. Meanwhile, Turkey's exports increased by 15.7 percent compared to the same month of 2019, amounting to $13.4 billion. Imports to Turkey in June 2020 rose by 8.3 percent over the year and exceeded $16.3 billion. From January through June 2020, Turkey's trade turnover amounted to over $174 billion. In 1H2020, Turkey's exports dropped by 15.1 percent compared to 1H2019, making up $75.2 billion, the ministry said. In the first half of this year, Turkey's imports declined by 3.2 percent compared to the same period of 2019, amounting to $98.8 billion. The foreign trade turnover of Turkey in 2019 made up $374.2 billion. --- Follow the author on twitter: @rhafizoglu