Domestic Economy

Tehran-Ankara H1 Trade Tops $3.8b

Iran’s trade with Turkey totaled $3.89 billion during the first six months of 2019 to register a decrease of 23.94% compared to the corresponding period of 2018, data released by Turkish Statistical Institute show.
The country exported $2.71 billion worth of goods to Turkey during the period, indicating a 28.67% decline year-on-year.
Imports stood at $1.17 billion, down 10.22% YOY.
Iran was Turkey’s 19th biggest export destination and 10th biggest exporter of goods to the country during the period under review.
Iran’s exports to Turkey in June alone amounted to $147.51 million, down 60.69% YOY while imports from the neighbor during the month declined by 9.84% YOY to $155.59 million.
Data released by the Islamic Republic of Iran Customs Administration on Iran's non-oil trade show liquefied natural gas, non-alloy zinc, aluminum, urea and bitumen were Iran’s main goods exported to Turkey, while Turkey mainly exported cooking bananas, tobacco and fiber in the last Iranian year (March 2018-19).

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