Domestic Economy

70% Decline in Iran's Trade With Turkey

70% Decline in Iran's Trade With Turkey70% Decline in Iran's Trade With Turkey

Iran’s trade with Turkey stood at $645.44 million during the first three months of 2020 to register a decrease of 70.03% compared with bilateral exchanges in the corresponding period of the previous year, data released by Turkish Statistical Institute show.
Iran exported $269.64 million worth of goods to Turkey in January, February and March, indicating an 82.87% decline year-on-year.
Imports stood at $375.79 million, down 35.14% YOY.
Iran was Turkey’s 31st biggest trading partner during the period under review. More specifically, Iran was the 26th biggest export destination and 39th biggest exporter of goods to the country during the three months.


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