Bilateral Trade: Between India and Turkey

Year 2020, Volume: 1 Issue: 1, 53 - 60, 31.12.2020

Rashmi Gujrati Hayri Uygun

Abstract

Bilateral trade between Turkey and India in import Turkey was the 44th largest worldwide
cause and India was 47th major basis from Turkey. And in export Turkey was 16th largest
and India was 9th largest global sources of export destination. In 2014 the amount US$6.9
billion India exported to Turkey, and Turkey globally importers 2.8%. In 2014 India
exported mineral fuels and goods dominate to Turkey. India was 7th main provider of
petroleum lubricant crystal to Turkey.
For Turkey India is a major world-wide basis of import. India imports from turkey, Organic
chemicals are in the 8th major universal basis, manmade staple fibres in the 3rd major worldwide source; and an automobile is in 11th major basis. From 2005 to 2014 India's imports
has risen from US$219.9 million. In 2019 at the G-20 summit, India representative Sanjay
Bhattacharyya said in Ankara that recently Turkey and India trade and two-way investment
were in much higher potential. He spoke on the title of invest in India that with the
commitment of India economic Turkey growth has been increased and it has been reached
from 22% to $8.6 billion in 2018.
By 2020 the goal was to reached $ 10 billion trade and till 2025 to be more resolute
aim. The aim of the paper is to understand the relation of trade between Turkey and
India

Keywords

Trade, Export, Import

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