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Turkey’s export to Russia down 39% in 10 months, import of Russian commodities down 18%

November 30, 2015, 12:33 UTC+3 MOSCOW

Russia is Turkey’s third-biggest importer after China and Germany

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© AP Photo/Emrah Gurel

MOSCOW, November 30. /TASS/. Export of Turkish commodities to Russia plunged by 38.9% in January-October 2015 year-on-year to $3.065 bln, Turkish Statistical Institute reported on Monday.

In October, Turkish exports to Russia dropped by 27.3% in annual terms to $354.8 mln. Since the start of this year Russia has been Turkey’s ninth-biggest partner in terms of export, after Germany, Britain, Iraq, Italy, Switzerland, France, the United States and Spain.

Russia is Turkey’s third-biggest importer after China and Germany. In 10 months imports of Russian goods decreased by 17.8% to $17.34 bln while in October alone imports went down by 12.4% to $1.52 bln.

Russia will impose restrictions against Turkey and freeze a number of joint projects in response to the attack against the Russian Su-24 aircraft, Prime Minister Dmitry Medvedev said on November 26 at a government meeting.

According to the data provided by Russia’s Agriculture Ministry, in 10 months of 2015 import of agricultural products and food from Turkey stood at $1.035 bln in value terms, which a 21.2% decrease compared with the same period in 2014.

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