Relations between Azerbaijan and Turkey are at a high level in all fields.

Of course, cooperation in the economic field forms the basis of these relations.

For many years now, economic relations between Azerbaijan and Turkey have been developing in an upward direction.

The volume of foreign trade turnover of the two countries also gives reason to say this.

Thus, in 2022, the total trade turnover of Azerbaijan will be 52 billion.

686.5 mln.

dollars.

Turkey ranked second after Italy (34.4%) in terms of trade volume with Azerbaijan.

Thus, the volume of trade turnover with the brotherly country will reach 5 billion in 2022.

842 mln.

was dollars.

Turkey ranks second among the main countries in the export of non-oil products of Azerbaijan.

In 2022, the export of non-oil products of Azerbaijan will reach 3 billion.

47.7 mln.

dollars, of which 23.

4% or 713 mln.

704 thousand dollars falls to Turkey.

Also, the volume of Azerbaijan's imports from Turkey is 2 billion.

297 mln.

which made up 15.8% of the total import of our country.

It is clear from the figures that Turkey is an indispensable political partner of Azerbaijan, as well as an important economic partner.

The terrible earthquake that occurred in Turkey, which has an important place in the world economy on February 6 this year, raised an important question about what changes will be caused in the economy of this country.

How will the current situation affect Azerbaijan-Turkey economic relations?

Economist-expert Khalid Karimli

told "APA-Economics" that the amount of damage caused by the earthquake in Turkey, according to the calculations of "Bloomberg", is 85 billion.

is around a dollar.

It was announced that 6,544 buildings were completely destroyed, and about 25,000 buildings were damaged.

The territory is of great importance for the economy of Turkey.

Because the destroyed areas make up 10% of Turkey's economy.

However, Khalid Karimli believes that since the relations of the companies located in that area with Azerbaijan are not at a high level, a negative impact on the mutual trade relations of the two countries is not expected: "Although textiles and various construction materials are mainly produced in that region, their exports are Middle Eastern countries.

20 billion from that area during the year.

dollar export was carried out.

The recovery of this export figure will increase the financial burden of the Turkish government.

However, the funds that will be invested in the construction during the recovery process will lead to revival in these areas.

I don't think that these ongoing processes will have a negative impact on the import-export operations between Azerbaijan and the brotherly country."

Economist-expert Elman Sadigov

told "APA-Economics" that the initial impact of the natural disaster on Turkey may be an increase in inflation in the coming months: "The main price increase is possible in construction materials.

Large infrastructure projects, construction of roads and buildings in the affected areas will require a large amount of funding.

Will the Turkish economy be able to cope with these issues alone?

Time will tell.

Keep in mind that the longer the time, the more the additional costs will increase.

Expenses related to social benefits, financial support of the affected people, creation of residences and other issues may increase."

Elman Sadigov pointed out additional lira printing and foreign aid as one of the ways out of the current situation: "Foreign aid is a small part of the damage caused.

Let's take into account that rapprochement with Greece and the transition of cooperation with Israel to the next stage should be taken into account.

"Turkey is one of the important developing countries.

If it is not able to overcome this burden, if its economy suffers a lot of damage, it can cause serious problems for other developing countries as well.

That is, if a crisis occurs, it is possible that this crisis will be contagious.

In any case, international organizations should help the brotherly country.

In my opinion, despite the concerns and risks, Turkey will be able to get out of this situation," Elman Sadigov added.

As for the impact of the natural disaster on Azerbaijan, the participation of Turkish companies in the restoration and reconstruction works in Karabakh, the expert said that Turkish companies will continue to fulfill their obligations.

Because the construction materials used are provided from Azerbaijan.

He said that the main concern was about the Baku-Tbilisi-Ceyhan oil pipeline.

Loading of oil at the Ceyhan terminal has already been resumed.

In his statement to APA-Economics, MP, economist Vugar Bayramov said that there is an increase in Turkey's trade turnover with Azerbaijan compared to previous years: "Turkey is Azerbaijan's second largest partner in the export of non-oil products

Our expectation is that Turkey will be able to pass this test.

In general, if we pay attention to the structure of the trade cycle between the two countries, we will see that 75% of our exported products are energy products.

Energy products are products transported on the basis of contracts and existing infrastructure.

In particular, the share of blue gas is increasing here.

At the same time, the President of the fraternal country, Recep Tayyip Erdogan, noted that the areas affected by the natural disaster will be reconstructed and put to use within the next year.

In general, it is not predicted that there will be any serious changes in the Turkish-Azerbaijani economic relations after the earthquake."

It should be noted that two earthquakes of magnitude 7.7 and 7.6 occurred in Turkey's Kahramanmaraş region on February 6, causing serious destruction and loss of life in Kahramanmaraş, Hatay, Osmaniye, Adıyaman, Gaziantep, Şanlıurfa, Diyarbakır, Malatya, Kilis and Adana.

13.5 million people live in the 10 provinces in the earthquake zone, which is 16% of the total population.

According to the latest information, 35,418 people died and 105,505 were injured as a result of the natural disaster.

Azerbaijani citizens are among the dead and injured.

Shukran Mammadov