Azerbaijan’s trade turnover with Turkey exceeds $4 billion

Azerbaijan’s trade turnover with Turkey exceeds $4 billion
  • Clock-gray 09:55
  • calendar-gray 18 January 2021

The trade turnover between Azerbaijan and Turkey declined by 7.7% year-on-year to $4.161 billion in 2020, according to the calculations of APA-Economics based on the report of the State Customs Commitee. 

Azerbaijan’s exports to Turkey decreased by 9,3% on an annual basis to $2.598 billion, while the imports saw a contraction of 5,1% falling to $1.563 billion.

As a result, Azerbaijan’s trade surplus with Turkey shrank by 14.9% to $1.035 billion in 2020.

 
 

Mirsaid İbrahimzade

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