Recent data shows that Turkey’s exports to Russia hit over $700 million in the first two months of this year. This is in effect a 26% increase compared to a year earlier.
More than 500,000 tons of products from 27 sectors were sold to Russia in January and February 2020, up from nearly 388,000 tons of goods in the same period last year, a 30% surge. Those sales generated more than $700 million in revenue, up 26% in year-on-year value from just over $555 million, according to data from the Eastern Black Sea Exporters Association (DKİB) Sunday.
Fresh fruit and vegetables led the way among goods exported to Russia at $149 million, while $104.4 million worth of the same goods were exported in the same period of 2019, marking a 43% year-on-year increase.
Some 40,664 tons of total exports to Russia came from the Eastern Black Sea region, with 20 sectors hitting $30.1 million.
In the same period of the previous year, $26.9 million in revenue was generated from 37,690 tons of goods. Thus, exports from the Eastern Black Sea region to Russia saw an 8% increase in quantity and a 12% jump in value compared to the same period of the previous year.
DKİB Chairman Saffet Kalyoncu told dailysabah.com/business that exports to Russia started rapidly in the first two months of the year and the expectation is for them to continue.