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Iranian-Turkish trade turnover ups by 50 percent

Business Materials 1 February 2012 17:45 (UTC +04:00)

Azerbaijan, Baku, Feb. 1/ Trend M. Moezzi /

Iranian-Turkish trade turnover totaled more than $16 billion in 2011 or 50 percent more compared to 2010, the Islamic Republic News Agency (IRNA) reported.

Exports from Iran to Turkey hits almost $12.5 billion of the total sum. Turkey's almost $3.6 billion in exports to Iran made up the rest amount.

In 2011, Turkey's exports to Iran hit 17.9 percent more compared to 2010. Iran's 63 percent jump in exports to Turkey was stipulated by high oil and gas prices.

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