Turkey increased exports to Russia by 1.5 times compared to May
It is observed that Turkey is actively involved from Western exporting companies, and their growth is far from the limit. This is a well-established logistics and the transformation into a commodity hub with the development of events. It is possible that portal imports are already going to Russia through the same channel
Turkish exports to Russia rose sharply in contrast. In the total number of proposals increased one and a half times compared to a single month and almost $800 million.
Traditionally, Turkey supplies us with fresh vegetables and fruits. And it’s not just tomatoes. So, according to statistics, the Turkish company in June brought in Russia, apricots, peaches and cherries for 136 million dollars, which is almost 40% more than in the previous month. Turkish exports of standard machinery and equipment, land transport and its components, plastics and products from them also increased. Recently, the structure of Turkish exports to Russia has been changing: The share of non-food products. The director of the Russian-Turkish Business Council Alexei Egarmin continues:
Alexey Egarmin Director of the Russian-Turkish Business Council
At the end of last year, the volume of trade between Russia and Turkey elevated $33 billion, up 57% from 2020. 26.5 billion are Russian exports, and only 6.5 billion are deliveries from Turkey to Russia. This is the latest available data from Russian customs. The disproportion most likely happened even now, since Turkey is heavily dependent on energy imports and is a buyer of Russian gas after Germany. Against the backdrop of the withdrawal of Western players from the Russian market, Turkish companies will try to take their place. But it is also impossible that through Turkey they will go – or maybe they already have – supplies under the analog import scheme. Plus, this is one of the countries of the disease, with which we have basically established logistics. Russian political scientist Tural Kerimov continues:
Tural Kerimov political scientist
Another question is whether Russia can get from Turkey what we cannot officially buy now – for example, spare parts for Boeings or microchips. But in this case, there is practically no information, and even those who may know something about it prefer to remain silent. Parallel imports, in comparison with industry, like silence.
Based on current data on Turkish exports to Russia, by the end of the year it may reach the level of about $10. And, as he writes RBCthis, of course, is the fourth place in the list of the largest groups of goods on the Russian market.