Baku, Azerbaijan, Dec. 2
By Fatih Karimov – Trend:
The value of Iran’s exports to Turkey has witnessed a significant rise in recent months, compared to import, which declined.
The latest statistics released by the Turkish Statistical Institute, indicates that the exports of Turkey to Iran in October 2017 was valued at about $287.742 million, 42 percent less compared to $497.887 million in October 2016.
Meanwhile the country imported goods worth $762.986 million from Iran in the same month, compared to $366.81 million worth of imports in October 2016.
The trade turnover between the two countries reached $1,050.73 million in October 2017.
The trade turnover between Iran and Turkey stood at $9.2 billion during the first 10 months of 2017. The figure indicates a rise by 15 percent compared to same period of the preceding year ($8 billion).
Turkey's exports to Iran in the period amounted to $2.602 billion, compared to $4.312 billion in the first 10 months of 2016.
The country also imported $6.598 billion worth of goods from Iran in the 10-month period, 75.7 percent more compared to January-October 2016 ($3.688 billion).
So, the trade balance between the two countries was $3.996 billion, in favor of Iran.
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.