Domestic Economy

16% Rise in Trade With Turkey

16% Rise in Trade With Turkey
16% Rise in Trade With Turkey

Iran and Turkey exchanged $758.29 million worth of goods during the first two months of 2021, registering a 16.3% increase compared with the corresponding period of last year. 
According to the latest data released by Turkish Statistical Institute, the neighboring country's imports from Iran hit $342.18 million during the period, 37.20% higher year-on-year.  
Turkey’s exports to Iran stood at $416.11 million, which shows a 3.46% YOY increase. 
Trade between the two countries posted a growth of 32.79% in February to $419.15 million. Iran exported $181.08 million to its neighbor during the month, up 38.8% while Turkey's export to Iran grew by 28.49% to $238 million.  
Bilateral trade stood at $3.43 billion in 2020 to register a decline of 45.82% compared with 2019.


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