Analysis of Bilateral Trade Relations between Turkey and Russia Federation
Abstract
Trade relations between Turkey and Russia Federation (Russia
afterwards) have steadily developed over the last 23 years and
the total trade volume reached $23.9 billion in 2015.Tourism
and energy sectors are growing significantly. However, in 2015,
Turkey’s exports to Russia decreased by 39% while imports fell
by 19%. The aim of this paper is to represent sector based trade
information between Turkey and Russia in order to provide a
comprehensive analysis of bilateral trade of the two countries.
Trade trend shows that without facing domestic or external political conflicts, the trade volume has increased between Turkey
and Russia. Therefore, bilateral trade relations can have positive
effects on these economies.
Keywords
References
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Details
Primary Language
English
Subjects
-
Journal Section
Research Article
Publication Date
October 31, 2017
Submission Date
January 18, 2017
Acceptance Date
-
Published in Issue
Year 2017 Number: 83