Iran - Turkey trade turnover hits $5.4B in 7 months
By Fatih Karimov – Trend:
Baku, Azerbaijan, Sept. 4
Trade turnover between Iran and Turkey stood at $5.4 billion during the first seven months of 2016, according to the latest statistics released by the Turkish Statistical Institute.
The figure indicates a fall by 11 percent compared to same period of preceding year.
The trade turnover between the two countries reached $603.91 million in July, indicating a fall by six percent compared to $640.959 million in July 2015.
The exports of Turkey to Iran in July 2016 valued about $300.184 million, which shows a six percent increase.
In July 2016, Turkey imported goods worth $303.727 million from Iran, indicating a 15.42 percent decline.
Turkey's exports to Iran in the first seven months of 2016 amounted to $2.897 billion, 33 percent more year-on-year.
The country also imported $2.502 billion worth of goods from Iran in the period, 36 percent less compared to the first seven months of 2015.
The trade turnover between the two countries was $13.71 billion in 2014, which stood at $9.76 billion in 2015, indicating a 29-percent plunge.
In 2014, Iran's non-oil exports to Turkey reached $2.15 billion. At the same time, Iran on the daily basis exports about 0.1 million barrels of crude oil and 27 million cubic meters of gas to Turkey.
Moreover, Turkey imported 2.4 billion kilowatt hours of electricity from Iran in 2014.