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

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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.

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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. Through our membership of the Leading Edge Alliance, we also have partner firms throughout Africa and have numerous Russian and African clients. For enquiries please contact us at russia@dezshira.com or visit us at www.dezshira.com

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