Domestic Economy
0

Iran's Trade With Turkey Down 77%

Iran's Trade With Turkey Down 77%Iran's Trade With Turkey Down 77%

Iran’s trade with Turkey totaled $803.59 million during the first five months of 2020 (January-May) to register a decrease of 77.62% compared with the corresponding months of 2019, data released by Turkish Statistical Institute show.
Iran exported $331.67 million worth of goods to Turkey during the five months under review, to see an 87.1% year-on-year drop.
Imports stood at $471.9 million, down 53.85% YOY.
Bilateral trade amounted to $86.21 million in May to register an 88.15% decline compared to May 2019. Exports to Turkey accounted for $42.34 million of the figure, down 91.5% YOY, while Turkey’s exports to Iran stood at $8089 million, down by 74.19% YOY.
Iran was Turkey’s 36th biggest trading partner during the period under review. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com