Close Menu
Buzz NewsBuzz News
    Facebook X (Twitter) Instagram
    Trending
    • ‘Bullish on Indian market’: European plane maker ATR eyes expansion in India; in talks with airlines
    • ITC bets on buyouts to grow food business
    • Maharashtra, Karnataka account for 51 pc of FDI in India in FY25: Govt
    • Over a dozen companies line up IPOs in 3-6 months
    • Auto companies seek govt help for magnet imports
    • China tightens supply: India’s auto industry seeks govt help on rare earth magnet imports; key EV parts impacted
    • Mohandas Pai flags lack of domestic capital for Indian startups; urges policy overhaul; calls for stronger R&D support
    • Trump-Musk rift rattles Wall Street; Tesla share slide exposes market fragility; major indexes take a hit
    • Real estate market: Major listed firms sell over Rs 1 lakh crore properties; Godrej leads
    • Delhi infrastructure project: Centre approves Rs 24,000-crore plan to decongest Delhi; Tunnel to link Mahipalpur to Vasant Kunj
    Buzz NewsBuzz News
    Monday, June 9
    • Home
    • Cryptocurrency
    • Investment Tips
    • Finance
    • Home Insurance
    • Market News
    • Life Insurance
    Buzz NewsBuzz News
    Home»Investment Tips»Explainer: India’s trade relations with Turkey, Azerbaijan and how it may be affected after Pakistan conflict
    Investment Tips

    Explainer: India’s trade relations with Turkey, Azerbaijan and how it may be affected after Pakistan conflict

    BuzzNewsBy BuzzNewsMay 14, 2025No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Explainer: India’s trade relations with Turkey, Azerbaijan and how it may be affected after Pakistan conflict
    Share
    Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp Copy Link

    Explainer: India's trade relations with Turkey, Azerbaijan and how it may be affected after Pakistan conflict

    NEW DELHI: India’s trade relations with Turkey and Azerbaijan are facing new challenges after both countries voiced “support for Pakistan” and criticised New Delhi’s recent strikes on terror camps in Pakistan and Pakistan-occupied Kashmir. Their stance has sparked nationwide calls in India to boycott goods from Turkey and Azerbaijan and avoid traveling to these countries.Online travel platforms like EaseMyTrip and Ixigo have also issued advisories urging people to avoid visiting Turkey and Azerbaijan. While MakeMy Trip has “discontinued all promotions and offers on our platform to discourage tourism to these two destinations.”On the top of it, Indian traders have also started boycotting Turkish products such as apples and marbles.

    Why are relations under strain?

    The tensions began after Turkey and Azerbaijan openly condemned India’s actions against terror infrastructure in Pakistan during its ongoing conflict, especially following ‘Operation Sindoor.’Operation Sindoor was launched on May 7, in response to the Pahalgam terror attack in Kashmir on April 22, that claimed 26 lives. As part of the operation, India destroyed nine terror camps in Pakistan and Pakistan occupied Kashmir.Azerbaijan’s government released an official statement criticising India’s military operation, raising concerns about civilian casualties and urging a diplomatic solution.The Turkish Foreign Ministry labelled India’s airstrike as a “provocative” action and cautioned about the possibility of a major conflict. India has discovered that Pakistan is utilising Turkish-manufactured Asisguard Songar drones.Pakistan’s use of Turkish drones in attempts to target Indian military installations further added fuel to the fire. “Our integrated air defence (AD) systems stood like a wall and they (Pakistan) could not breach it. Whether it’s a Turkish drone or anything else, it fails in front of the technology of India,” director general of air operations had earlier said in a briefing.

    What is the current state of trade between India, Turkey, and Azerbaijan?

    India’s trade with both Turkey and Azerbaijan is relatively limited, but India enjoys a trade surplus with both.India–Turkey Trade: During April-February 2024-25, India’s exports to Turkiye reached $5.2 billion, compared to $6.65 billion in 2023-24. This represents approximately 1.5% of India’s total exports valued at $437 billion.For the same period, India’s imports from Turkiye amounted to $2.84 billion, down from $3.78 billion in 2023-24. This constitutes roughly 0.5% of India’s total imports of $720 billion.India–Azerbaijan Trade: India imported goods worth $2.84 billion from Turkiye between April and February 2024-25, down from $3.78 billion in 2023-24. This makes up about 0.5% of India’s total imports of $720 billion.India’s exports to Azerbaijan registered $86.07 million during April-February 2024-25, slightly lower than $89.67 million in 2023-24. This amounts to just 0.02% of India’s overall exports.

    What products are traded between these countries?

    • India’s Exports to Turkey: Mineral fuels and oil ($960 million in 2023-24), electrical equipment, auto and its parts, chemicals, pharma, tanning and dyeing items; plastic, rubber; cotton; man-made fibres and filaments, iron and steel.
    • Imports from Turkey: Marble, fresh apples (about USD 10 million), gold, vegetables, lime, cement, mineral oil (USD 1.81 billion in 2023-24), chemicals, natural or cultured pearls and iron and steel.
    • India’s Exports to Azerbaijan: Tobacco and its products (USD 28.67 million in 2023-24); tea, coffee; cereals; chemicals; plastic; rubber; paper and paper board; and ceramic products.
    • Imports from Azerbaijan: Animal fodder, essential oils, perfumery, skins and leather (USD 1.52 million during Apr-Feb 2024-25).

    India and Turkey signed a bilateral trade agreement in 1973. Later, in 1983, they agreed to establish a Joint Commission for Economic and Technical Cooperation.

    How are the people-to-people ties between India and these nations?

    There are around 3,000 Indian nationals residing in Turkey, including 200 students. In Azerbaijan, the Indian community is smaller but significant, with more than 1,500 people living there.

    How many Indian tourists visit Turkey and Azerbaijan?

    An estimated 3 lakh Indian tourists visited Turkey in 2023, while over 2 lakh visited Azerbaijan.

    affected Azerbaijan conflict Explainer Indias Pakistan relations Trade Turkey
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleIndia’s wholesale inflation eases to 13-month low of 0.85% in April from March’s 2.05% as food and fuel prices soften
    Next Article Four Indian companies commit $6.8 billion overseas FDI in April; nearly $6 million in Azerbaijan, Turkey
    BuzzNews
    • Website

    Related Posts

    ‘Bullish on Indian market’: European plane maker ATR eyes expansion in India; in talks with airlines

    June 9, 2025

    ITC bets on buyouts to grow food business

    June 9, 2025

    Maharashtra, Karnataka account for 51 pc of FDI in India in FY25: Govt

    June 9, 2025

    Leave A Reply Cancel Reply

    Recent Posts

    ‘Bullish on Indian market’: European plane maker ATR eyes expansion in India; in talks with airlines

    June 9, 2025

    ITC bets on buyouts to grow food business

    June 9, 2025

    Maharashtra, Karnataka account for 51 pc of FDI in India in FY25: Govt

    June 9, 2025

    Over a dozen companies line up IPOs in 3-6 months

    June 9, 2025

    Auto companies seek govt help for magnet imports

    June 8, 2025
    Our Picks

    Bitcoin Remains Above $60,000, Bittensor Becomes Top Gainer

    August 23, 2024

    Prospects For Cryptocurrency Development In South Asia

    August 23, 2024

    Trump announces The DeFiant Ones, a new cryptocurrency platform

    August 23, 2024

    Hackers use McDonald’s Instagram account to steal $700,000 in cryptocurrency scam

    August 22, 2024
    About

    Welcome to BuzzNews, your go-to source for the latest in insurance and finance news. Our mission is to provide you with accurate, timely, and insightful information to help you make informed decisions. From life insurance to personal finance, market news to investment tips, we cover a wide range of topics to keep you updated and knowledgeable.

    Popular Posts

    ‘Bullish on Indian market’: European plane maker ATR eyes expansion in India; in talks with airlines

    June 9, 2025

    ITC bets on buyouts to grow food business

    June 9, 2025

    Maharashtra, Karnataka account for 51 pc of FDI in India in FY25: Govt

    June 9, 2025
    OUR CATEGOIRES
    • Cryptocurrency
    • Finance
    • Health Insurance
    • Home Insurance
    • Investment Tips
    • Life Insurance
    • Market News
    Copyright © 2024. BuzzNews. All Rights Reserved.
    • Sitemap
    • DMCA
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • About Us

    Type above and press Enter to search. Press Esc to cancel.