ANKARA: 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.
