Trade With Turkey Surges by 43% to $1.4 Billion in Q1

Iran and Turkey traded $1.41 billion worth of goods in the first three months of 2022 to register a 43.23% year-on-year rise, latest data by the Turkish Statistical Institute show.
Iranian exports reached $560.76 million, up 16.87% year-on-year, while imports grew by 68.27% to $849.58 million.
Bilateral trade stood at $519.7 million in March, up 50.08% YOY, with Turkish exports at $188.09 million, up 29.33% YOY, and Iranian exports at $331.61 million, registering a 65.11% growth year-on-year.
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.