Amid BoycottTurkey, BoycottAzerbaijan Calls; Heres Looking At Indias Trade Relations With Both Countries

New Delhi: India’s diplomatic courting with Turkey and Azerbaijan has grew to become bitter following the Middle Eastern nation’s open strengthen to Pakistan all through the Operation Sindoor.

There has been a rising name to boycott business and tourism with those nations, with loads of Indian vacationers cancelling their journeys to Turkey and Azerbaijan.

India has a business surplus with each Azerbaijan and Turkey. While the general public sentiment has long past totally sour following Azerbaijan and Turkey’s strengthen to Pakistan, this is taking a look at India’s business family members with each nations.

India-Azerbaijan Trade

India is the 7th biggest buying and selling spouse for Azerbaijan, with bilateral business at US$ 1.435 billion, in 2023. In 2023, India was once the 3rd biggest vacation spot for Azerbaijan’s crude oil accounting for 7.6% of Azerbaijan’s overall crude oil export value US$ 1.227 billion, Ministry of External Affairs knowledge has confirmed.

Over the years, India’s bilateral business with Azerbaijan has greater considerably from round US$ 50 million in 2005 to US$ 1.435 billion in 2023. During the 12 months, India’s import from Azerbaijan had been US$ 1.235 billion and exports had been US$ 201 million.

India’s exports to Azerbaijan was once at USD 86.07 million all through April-February 2024-2025 as towards USD 89.67 million in 2023-2024. India’s Imports from Azerbaijan stood at USD 1.93 million all through April-February 2024-25 as in comparison to USD 0.74 million in in 2023-2024. 

India-Turkey Trade

India’s exports to Turkey was once at USD 5.2 billion all through April-February 2024-25 as in comparison to USD 6.65 billion in 2023-2024. India’s imports from Turkey stood at USD 2.84 billion all through April-February 2024-25 as in comparison to USD 3.78 billion in 2023-2024.  

India’s import from Turkey accounts for 0.5 % of the previous’s overall imports of USD 720 billion.

India-Azerbaijan-Turkey Tourism

Meanwhile as in step with the Ministry of External Affairs knowledge, In 2023, Azerbaijan won greater than 115,000 vacationers from India, just about double the choice of arrivals in 2022. India is the fourth biggest supply of inbound vacationers for Azerbaijan after Russia, Türkiye and Iran. Leaving apart the neighbours, India is the most important supply of holiday makers for Azerbaijan. 

Turkey noticed Indian arrivals at 3,30,000 passengers in 2024, whilst the quantity stood at 119,503 in 2014 as in step with the Ministry of Culture and Tourism of Turkey.

The estimated spend in step with Indian vacationer in Turkey is $1,200–1,500, with the overall estimated Indian vacationer spend in Turkey in 2023 figuring out to $350–400 million (roughly Rs 3,000 crore)

Turkey is a rustic this is extremely depending on tourism, with the sphere contributing up to 12 in step with cent to the rustic’s GDP. The tourism sector accounts for 10 in step with cent of the overall employment within the nation. India is considered one of Turkey’s fastest-growing supply markets.

Can India’s Boycott Of Turkey Tourism Deal A Blow To The Latter?

An information through Confederation of All India Traders (CAIT), the apex frame representing buyers around the nation, has discussed that if Indian vacationers boycott Turkey, the rustic may endure an immediate lack of roughly $291.6 million.

With IANS Inputs