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Iran - Turkey trade turnover at $8.8B in 11 months

Business Materials 2 January 2017 12:45 (UTC +04:00)

Baku, Azerbaijan, Jan. 2

By Fatih Karimov – Trend:

The trade turnover between Iran and Turkey stood at $8.798 billion during the first eleven months of 2016, according to the latest statistics released by the Turkish Statistical Institute.

The figure indicates a fall by 1.6 percent compared to same period of the preceding year.

The trade turnover between the two countries reached $796.351 million in November 2016. The exports of Turkey to Iran in November 2016 valued about $320.976 million, meanwhile the country imported goods worth $475.375 million from Iran in the same month.

Turkey's exports to Iran in the first eleven months of 2016 amounted to $4.635 billion, 41 percent more year-on-year.

The country also imported $4.163 billion worth of goods from Iran in the period, 26 percent less compared to the first eleven 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.

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