Economy, Domestic Economy

Trade With Turkey Down

Trade With Turkey DownTrade With Turkey Down

Trade between Iran and Turkey stood at $6.81 billion during the first eight months of 2015, registering a 29.12% decline compared to the similar period of last year, IRNA reported. Turkey’s exports to Iran grew 17.9% while its imports saw a 35.8% drop. The decline in Iran’s exports to Turkey is mostly blamed on falling global oil prices. Transactions between the two countries fell from $14.57 billion in 2013 to $13.72 billion in 2014.