Moneycontrol
HomeNewsBusinessOperation Sindoor: After tourism, India-Turkey trade ties may take a hit
Trending Topics

Operation Sindoor: After tourism, India-Turkey trade ties may take a hit

Marble, apples, gold, vegetables, lime and cement and mineral oil are some of the key imports from Turkey

May 14, 2025 / 16:54 IST
Story continues below Advertisement
Turkish President Recep Tayyip Erdogan

Turkish apples may become the first casualty of fast-deteriorating ties between India and Turkey after it supported Pakistan, supplying weapons including drones, in the last’s ferocious military conflict.

Even before the conflict, the bilateral trade between India and Turkey saw a significant drop in FY25.

Story continues below Advertisement

India’s exports to Turkey stood at $5.21 billion between April and February of FY25, a nearly 15 percent drop on year. Ankara shipped goods worth $2.84 billion, a fall of 17.25 percent from FY24.

New Delhi’s trade surplus with Turkey was at $2.37 billion in the April-February period. Ankara accounts for just 1.5 percent of India's exports.