Analysis of Bilateral Trade Relations between Turkey and Russia Federation


ŞİMŞEK N., ŞİMŞEK H. A., Zhanaltay Z.

BILIG, no.83, pp.1-26, 2017 (SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: Issue: 83
  • Publication Date: 2017
  • Journal Name: BILIG
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus, TR DİZİN (ULAKBİM)
  • Page Numbers: pp.1-26
  • Keywords: Bilateral trade, Turkey, Russia Federation, trade complementarity index, revealed comparative advantage
  • Dokuz Eylül University Affiliated: Yes

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, Turkeys 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.