Turkey’s imports from Iran witness significant rise, as exports fall
Baku, Azerbaijan, Feb. 3
By Fatih Karimov – Trend:
The latest statistics released by the Turkish Statistical Institute indicates that the exports of Turkey to Iran in December 2017 were valued at about $378.106 million, 13.35 percent more compared to $333.585 million in December 2016.
Meanwhile, the country imported goods worth $474.777 million from Iran in the same month, compared to $536.383 million worth of imports in December 2016.
Trade turnover between the two countries reached $852.88 million in December 2017.
The trade turnover between Iran and Turkey stood at $10.75 billion during the January-December 2017. The figure indicates a rise by 11.2 percent compared to the same period of the preceding year ($9.67 billion).
Turkey's exports to Iran in the period amounted to $3.26 billion, compared to $4.97 billion in the 12-month period of 2016.
The country also imported $7.492 billion worth of goods from Iran in 2017, 59.4 percent more compared to January-December 2016 ($4.699 billion).
So, the trade balance between the two countries in 2017 was $4.23 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.