Domestic Economy

Iran's Trade With Turkey Normalizing

Iran's Trade With Turkey NormalizingIran's Trade With Turkey Normalizing

Iran’s trade with Turkey totaled $1.07 billion during January-June to register a decrease of 72.54% compared with the first half of 2019, data released by Turkish Statistical Institute show.
Iran exported $417.5 million worth of goods to Turkey during the six months under review to register an 84.64% year-on-year drop.
Imports stood at $652.19 million, down 44.63% YOY.
Bilateral trade amounted to $267.08 million in June to register an 11.81% decline compared to June 2019. Exports to Turkey accounted for $85.81 million of the figure, down 41.83% YOY, while Turkey’s exports to Iran stood at $181.26 million, down by 16.71% YOY.
Iran was Turkey’s 33rd biggest trading partner during the period. 


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