Turkey's exports to Russia dropped to 34% in Feb 2024
Turkey and Russia are important trading partners. The bilateral relationship has further increased during the ongoing Russia-Ukraine war. Turkey has faced harsh criticism from the west over increasing imports and exports from Russia. Amid this pressure, Turkey's trade with Russia slowed down last month. According to Turkey import export data reports, exports to Russia have declined by 34% during February 2024. Turkey has exported over $668 million worth of goods to Russia during February 2024. There was a decline of $1.1 billion in 2023. These include wood fuel, hydraulic motor, lamps, lightings, sunflower seeds, bars, rods, loaders, backhoe, tomato, lemons, etc. Petrol Ofisi Anonim Irketi, Vestel Ticaret Anonim Irketi and AR Elik Anonim Irketi were the leading Turkish export companies with the highest number of shipments to Russia. Beko, Kassbohrer, and IHP appliances were the leading import companies from Russia. In January 2024, Russia imported around $555 million worth of go...