Iran’s trade with Turkey stood at $2.28 billion during the first three quarters of 2020 (January-September) to register a decrease of 59.76% compared with the corresponding period of 2019, latest data released by Turkish Statistical Institute show.
Iran exported $782.3 million worth of goods to Turkey during the period to register a 78.3% year-on-year drop. Imports from Iran's neighboring country stood at $1.5 billion, down 27.3% YOY.
Monthly trade between Iran and Turkey fell to under $300 million in the ninth month of the year, mostly due to a fall in Iran's exports to the neighboring country.
Bilateral trade in the month of September amounted to $293.025 million, indicating an 11.36% decrease compared to September 2019. Exports to Turkey accounted for $85.4 million of the figure, down 29.62% YOY, while Turkey’s exports to Iran stood at $207.618 million, down 0.76% YOY.
The huge decline in bilateral trade comes, as the two countries have been hit hard by the new coronavirus pandemic since early 2020.
Iranians Top Foreign Real-Estate Buyers in Turkey
Iranians purchased a total of 4,716 homes in Turkey during the first three quarters of 2020. Accounting for 18% of total houses sold to non-Turkish citizens, Iranians topped the list of foreign buyers of property in Turkey during the period.
Latest figures released by Turkish Statistical Institute indicate 30% growth compared with the same period of 2019.
Iranians bought 3,624 houses in Turkey during the first three quarters of previous year.
Iranians were followed by Iraqis with 4,165 house purchases over the nine months under review, Russians with 1,895, Afghans with 1277 and Azerbaijanis with 883 units.
Istanbul solely accounted for 11,966 housing units sold to foreigners in the first three quarters of the year, followed by Antalya, Ankara and Bursa.
Numbers also indicate a sharp increase in the total number of housing units sold to Iranian nationals in September 2020 – 86% to 908 housing units.
Foreigners bought a total of 5,349 homes in Turkey in the ninth month of the year – a twenty-month high – registering a 26.8% increase compared with the similar period of last year.
