Baku, Azerbaijan, May 3
By Umid Niayesh - Trend:
Trade turnover between Iran and Turkey reached $2.641 billion in the first quarter of 2018, some 3 percent more compared to the first three months of preceding year, when the mutual trade value amounted to $2.562 billion.
The latest statistics released by the Turkish Statistical Institute indicates that the exports of Turkey to Iran in March 2018 were valued at about $233.81 million, 2.6 percent less compared to $240.1 million in March 2017.
Turkey exported $759.1 million worth of goods to Iran in January-March 2018, 5.4 percent less year-on-year.
Meanwhile, the country imported goods worth $736.55 million from Iran in the third month of current year, compared to $608.57 million worth of imports in March 2017 (21 percent more).
Turkey's imports from Iran in the first quarter of 2018 amounted to $1.882 billion, 7 percent more year-on-year.
Trade turnover between Iran and Turkey stood at $10.75 billion in 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 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.