March 02, 2022 20:46

Iran's Trade With Turkey Booming

Iranian exports stood at $264.24 million in January, up 89.21% year-on-year, while imports grew by 16.91% to $168.34 million

Iran and Turkey traded $432.58 million worth of goods in January 2022 to register a 52.51% rise compared with January 2021.
Iranian exports stood at $264.24 million, up 89.21% year-on-year, while imports grew by 16.91% to $168.34 million, latest data by Turkish Statistical Institute show.
Iran and Turkey traded $4.77 billion worth of goods in 2021 to register a 69.12% rise compared with the preceding year. Iranian exports stood at $2.52 billion, up 145.18% year-on-year, while imports grew by 25.5% to $2.25 billion.
Monthly trade between Iran and Turkey fell below $300 million in September 2020, mostly due to a decline in Iran's exports to the neighboring country, following Covid-19 restrictions. However, trade started to improve in December, raising hopes for recovery from the impact of the pandemic.

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Iran-Turkey Relations