Despite Covid-19, Russia-Turkey 2020 Bilateral Trade Is Up 9%

Posted by

Trade turnover between Turkey and Russia increased by US$81.6 million in February 2020 compared to the same month of 2019, exceeding US$1.9 billion, according to the Turkish Ministry for Trade. During the two months January and February 2020, trade turnover between Turkey and Russia increased by US$381.1 million compared to the same period of 2019, exceeding US$4.2 billion.

Turkey’s overall foreign trade reached US$374.2 billion last year. Turkey’s mandarin orange harvest had a boost this year with exports to Russia up 49% in the face of increased demand. Russia is Turkey’s primary energy supplier.

Related Reading

 

About Us

Russia Briefing is written by Dezan Shira & Associates. The firm has 28 offices throughout Eurasia, including China, Russia, India, and the ASEAN nations, assisting foreign investors into the Eurasian region. Please contact Maria Kotova at russia@dezshira.com for Russian investment advisory or assistance with market intelligence, legal, tax and compliance issues throughout Asia.

Leave a Reply

Your email address will not be published. Required fields are marked *