Trade With Turkey Tops $3.4b

Iran and Turkey traded $3.43 billion worth of goods in 2020 to register a decline of 45.82% compared with 2019.
According to the latest data of Turkish Statistical Institute, Iran exported $1.19 billion worth of goods to the neighboring country last year to register a 66.9% year-on-year decline. 
Imports from Turkey stood at $2.245 billion, down 17.97% YOY.
Turkey’s total value of exports in 2020 stood at $169.48 billion, down 6.3%. The country’s imports amounted to $219.39 billion, up 4.3% compared with 2019, IRNA reported.
Despite the decline in yearly trade, mostly as a result of Covid-19 pandemic, bilateral exchanges in December stood at $502.6 million, marking a 35% YOY growth. 
Iran’s exports to Turkey accounted for $185 million of the figure, up 49% YOY, while Turkey’s exports to Iran stood at $317.1 million, up 28.9% YOY.
Monthly trade between Iran and Turkey fell to under $300 million in September, mostly due to a fall in Iran's exports to the neighboring country. However, the figure made a significant jump in December, raising hopes of recovering from the impact of Covid-19 on trade between the two countries.