Domestic Economy

75% Decline in Iran's Trade With Turkey

75% Decline in Iran's Trade With Turkey75% Decline in Iran's Trade With Turkey

Iran’s trade with Turkey totaled $719.53 million during January-April 2020 to register a decrease of about 75% compared with the corresponding months of 2019, data released by Turkish Statistical Institute show.
Iran exported $289.1 million worth of goods to Turkey during the four months, indicating an 86.05% decline year-on-year.
Imports stood at $430.43 million, down 45.72% YOY.
Bilateral trade in April amounted to $74.55 million, going down by 89.54% compared to April 2019. Exports to Turkey accounted for $19.45 million of the figure, down 96.1% YOY, while Turkey’s exports to Iran stood at $55.1 million, down by 74.19% YOY.


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